Heard that the top bid was closed to $3 billion and it's just for 4 years.
ICC must be feeling lovey dovey after the final numbers and I'm sure the ICC office will get some early fat checks too as a bonus.
Their reserve price was $1.44 billion for 4-year cycle (2024-27) and $4 billion for the 8-year cycle (2024-31). ICC went with the 4-year deal, since it was more lucrative for them. Exact amount being paid by Disney-Star is not known, but the ICC guys were saying that it is close to $3 billion. So much more than what they were initially expecting. And more importantly, this is just for the Indian market. Media rights auction for US-UK markets will happen next, followed by rest of Asia. Just hope that some of that amount will trickle down to the associate boards.