Disney and Viacom18 said to acquire media rights for IPL cricket tournament

Disney and Mukesh Ambani-backed Viacom18 have won the five-year media rights for the Indian Premier League cricket tournament, according to several local sports journalists, beating rivals including Sony to a license that gave the California-headquartered giant a big leg up in amassing over 200 million subscribers.
Viacom18 — a venture between Reliance and Paramount —  scored the streaming rights for the Indian subcontinent region with a bid of $2.63 billion, according to a person familiar with the matter. Disney acquired the TV rights to broadcast the matches in the Indian subcont

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