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LCM & NetLinkBlue Yet To Assign IPL Digital Rights To Global Cricket Ventures; BCCI & IPL Payout Details

Live Current Media (LCM), which owns hundreds of domain names, including Cricket.com, had acquired portal rights to the Indian Premier League (IPL) to develop it as a separate business, and consequently acquired rights to manage the IPLs Cricket websites.  Given that the deal with the BCCI was inked just days before the first edition of the IPL began, and the Champions League T20 was cancelled following the attacks in Mumbai, LCM ended the 2008 fiscal with barely any revenues from their Cricket deal, with most of their revenues coming from Perfume.com. LCM subsequently renegotiated their agreement with the BCCI, and invested in setting a joint venture with NetLinkBlue Solutions (NLB), thus combining its portal rights with the live streaming and mobile rights that NLB brought to the table. In its 10K filing with the USAs SEC, Live Current Media has disclosed details of its deal with the BCCI, IPL and NetLinkBlue; in particular, the following: Live Current Medias Deal With The BCCI And IPL Components Of Payout -- Annual Fee: the BCCI was to be paid a minimum annual fee of the greater of 50% of all revenues generated from the Cricket Websites or an average payment of $3 million per year. The IPL was to be paid a minimum annual fee to the IPL of the greater of 50% of all revenues generated from the website or an average payment of $2 million per year. The minimum annual fee was to be paid on a quarterly basis during the first 3…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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