Overview:
The report further claimed that ICC has restarted the sale of media rights in India for the 2026-29 cycle and is asking for $2.4 billion.
The International Cricket Council (ICC) has landed in big trouble after Jiostar has informed the apex body that it will not be able to complete the remaining two years of its four-year India media rights deals. It means the ICC will have to find a new broadcasting partner for the T20 World Cup 2026.
According to the Economic Times, the broadcaster has suffered financial losses, and it is not in a position to fulfil the $3 billion deal, which runs till 2027. The audited standalone accounts revealed that losses surged from INR 12,319 crore to INR 25,760 crore in one financial year. The ICC T20 World Cup will be co-hosted by India and Sri Lanka, which starts from February 27.
The report further claimed that ICC has restarted the sale of media rights in India for the 2026-29 cycle and is asking for $2.4 billion.
Sony Pictures Network India, Netflix and Amazon Prime Video are in the fray if JioStar backs out, though none of them made any official statement. Jiostar is currently showing the India vs South Africa matches.
The rights were acquired for $3 billion for four years, but losses incurred from the T20 World Cup in 2024 and the Champions Trophy 2025 forced the broadcaster to rethink the contract.