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ET World Leaders Forum: Cricket is a great investment but rights costs have run out of control, says JioStar's Uday Shankar

🏏 ET World Leaders Forum

Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated

What actually happened

JioStar vice chairman Uday Shankar said sports, particularly cricket, has been a major investment for the company, helping it build a digital audience of 600 million monthly active users. However, he said soaring cricket media rights costs have made the business increasingly difficult.

Key points

  • JioStar vice chairman Uday Shankar said sports, particularly cricket, has been a major investment for the company, helping it build a digital audience of 600 million monthly active users.
  • However, he said soaring cricket media rights costs have made the business increasingly difficult.

Summary based on data provided by The Economic Times. Full article available at the original publisher.

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