This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Amazon, Reliance to Battle over Multi-Billion Dollar IPL Media Rights
February 21, 2022
Amazon and Reliance are said to now battle regarding media telecast rights for the famous Indian Premier League (IPL). According to Reuters sources, both companies are expected to take on India units of Sony Group and Walt Disney Co for exclusive five-year TV and digital broadcast rights for IPL, at a cost that could run to a record INR 500bn ($6.7bn). Reliance is also in talks with investors, including foreigners, to raise up to $1.6bn for its broadcasting JV known as Viacom18. Currently, Disney’s Hotstar telecasts the two-month long IPL, and Amazon Prime which recently began live-streaming cricket matches, wants to win the IPL rights to expand the platform’s user base, as per sources.
Amazon’s dollar bonds were almost unchanged with its 2.875% 2041s at 93.74, yielding 3.32%. Reliance’s dollar bonds were slightly higher with its 6.25% 2040s at 131.14, yielding 3.89%.
For the full story, click here
Go back to Latest bond Market News
Related Posts:
RIL Q1 Profits Jump 67%; EBITDA at Record High
July 26, 2021
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.