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Mon, Sep 24, 2018 | Last Updated 9:09 am IST

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Hot star set world record of OTT viewership with 10.7 million viewers in IPL

Hot star set world record of OTT viewership with 10.7 million viewers in IPL
Hot star set world record of OTT viewership with 10.7 million viewers in IPL
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Chennai sources stated that the overall value of the IPL ecosystem grew 18.8 per cent to USD 6.3 billion from USD 5.3 billion in 2017, mostly due to the surge in the broadcasting rights fee. Meanwhile the Mumbai Indians, with a brand value of USD 113 million, continues to top the charts for the third season in a row.

Accordingly Star India, the new broadcasting partner for the Indian Premier League (IPL), increased the broadcast rights fee by 18.9%. Furthermore under Star, content delivery expanded to its various regional channels with commentary in eight different languages and hence this resulted in increased viewership of IPL matches, according to the IPL Brand Valuation Report 2018 prepared by Duff & Phelps, a global valuation and corporate finance adviser.

Hot star set world record of OTT viewership with 10.7 million viewers in IPL

Varun Gupta, MD, Duff & Phelps and Asia Pacific leader for valuation advisory services said “Star India’s broadcasting rights deal was a game changer that put IPL on par with some of the biggest sporting leagues in the world (on a fee per match basis) and the change in content consumption, influx of over the top (OTT) and digital viewing platforms and increased support from advertisers, broadcasters and sponsors have given the IPL greater significance in terms of brand value”. Further the 11th season of the cash rich league in 2018 also witnessed the importance of OTT sports viewership, which has become an established and fast growing market.

Hot star set world record of OTT viewership with 10.7 million viewers in IPL

Hot star set world record of OTT viewership with 10.7 million viewers in IPL
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