Campaign India Team
Dec 21, 2022

IPL brand valuation reaches US$ 10.9 billion: Report

Sees 75% growth from US$ 6.2 billion in 2020

IPL brand valuation reaches US$ 10.9 billion: Report
The Indian Premier League's brand value has increased by 75% to reach US$ 10.9 billion according to a report by D and P Advisory.
 
The report states that the brand value of the IPL in 2020 was US$ 6.2 billion. This valuation makes the IPL and decacorn (a business with a value more than US$ 10 billion) within 15 years of inception. 
The increased valuation comes at the back of the IPL media rights auction for 2023-2027. The combined media rights were sold at US$ 6.2 billion, three times more than the previous five-year cycle in 2017. This also follows the addition of two new teams to the tournament (Gujarat Titans and Lucknow SuperGiants).
 
 
The report also looked at the ad rates of global sporting properties. 
 
 
According to the report, the IPL is well behind the National Football League (USA), English Premier League (England) and Major League Baseball (USA).A ten-second slot for an ad during IPL 2022 cost nearly US$ 20,000, whereas the ad rates for the same time slots were over USD 1,00,000.
 
Santosh N, managing partner, D and P Advisory, said, “Since its launch in 2008, IPL has reimagined the nation’s cricket competition. IPL 2022 witnessed some major milestones and captivating games throughout the season. The renewed media rights deal was a major contributor towards a substantial jump in value for a relatively young league like IPL. These observations are an assurance of the fact that the IPL will continue to revolutionise the game of cricket and will be etched in the hearts of millions of fans for years to come.”
 
Source:
Campaign India

Related Articles

Just Published

2 hours ago

MS Dhoni moves to trademark 'Captain Cool' moniker

The cricketer seeks exclusive rights to ‘Captain Cool’, as celebrity trademarks become essential assets in brand-led marketing ecosystems.

2 hours ago

Colour me heritage: Birla Opus paints India’s monuments

An AI-led animated campaign reimagines India’s icons in vivid hues—but emotional resonance may not be part of the palette.

4 hours ago

Cannes Lions responds to criticism regarding ...

Dom Hyams, global client director at Purple Goat Agency, was unable to access the stage via the usual route.

7 hours ago

Emotion sells, but at what cost?

From teary posts to trending causes, marketers now trade in emotion. But in the attention economy, Interbrand India and South Asia’s CEO wonders where's the line between impact and exploitation?