Overview
- Reliance-controlled JioStar has formally told the ICC it intends to withdraw with two years remaining on the 2024–27 contract.
- The ICC has relaunched the India rights for 2026–29 targeting about $2.4 billion, according to multiple reports.
- Sony Sports Network, Netflix and Amazon Prime Video were approached to service the remaining term, but none have shown interest due to pricing concerns.
- JioStar increased provisions for expected losses on sports contracts to INR 25,760 crore in 2024–25, with an estimated ₹7,000 crore advertising shortfall after India’s real-money gaming ban.
- The ICC faces a tight timeline ahead of the February 2026 T20 World Cup, and JioStar could be required to continue under the existing deal if no buyer is found.