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…
LCM & NetLinkBlue Yet To Assign IPL Digital Rights To Global Cricket Ventures; BCCI & IPL Payout Details
- Are Courts Doing Enough To Question “Proportionate” Intrusions on Privacy And Other Rights? #NAMA March 31, 2023
- Why did PhonePe cancel its deal to acquire ZestMoney? March 31, 2023
- RTI: Chennai police confirms 9 drones as part of a Drone Police Unit and here’s why it’s important March 31, 2023
- Global body for AI policy asks US Trade Commission to halt OpenAI from releasing new GPT models March 31, 2023
- More people in India support surveillance tech than those critical of it: Study March 31, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...