Reliance-Disney merger: CCI releases 48 page order, parties agree to not bundle cricket ad slots

Additionally, it ordered PayPal Payment Private Limited to freeze the account of the King's app owner.

As part of seeking the regulator’s approval, the parties have voluntarily agreed that they will not bundle TV ad slots for IPL, ICC and BCCI cricketing rights till the end of existing rights. Also, the parties will sell seven TV channels, including Hungama and Super Hungama.

Health Ministry urges BCCI, SAI to avoid promoting surrogate advertising of alcohol & tobacco

BCCI is one of the world's richest cricket bodies, registered under the Tamil Nadu Societies Registration Act, 1975.

In a letter to BCCI President Roger Binny and SAI Director General Sandip Pradhan on Thursday, Dr. Atul Goel, Director of Health Services, requested both organizations to sign an anti-tobacco Declaration of Interest form.

BCCI approaches Supreme Court for opinion on taxability of media rights

Last year, the Bombay High Court directed the BCCI to seek the opinion of the Supreme Court regarding the issue (Image source (from left to right): Moneycontrol and Unsplash)

BCCI is of the opinion that their sale of media rights do not fall under ‘franchise services’ and hence they are not liable to pay service tax.

IPL ecosystem valuation soars to Rs 92,500 crore in 2023 from Rs 87,000 crore in 2022

Amid the prolonged funding winter gripping the sector, startups have been forced to slash marketing budgets and are viewing IPL sponsorships with caution. (Image source: @IPL via X)

As per a D&P India Advisory Services LLP report, the value of Mumbai Indians stood within the range of USD 410-450 million, making it the most valuable IPL franchise in 2023.