As the ICC Cricket World Cup moves into the knockout stage, interest levels in the tourney, which is being played Down Under, are rising. And cashing in on this opportunity, Star Sports is looking at escalating its ad rates to rake in more moolah.
Sources in media planning and buying fraternity told Indiantelevision.com that the broadcaster was looking at a hike of at least seven - ten per cent in the ad rates for the knockout stages. Star, however, is claiming a hike of 15 to 20 per cent compared to the rate of the league stages.
A source in Star Sports further revealed, “From the semi final stages, we will have a number of fresh sponsors and advertisers coming in as numerous deals at the earlier stages were signed only till the quarter final stage. Interest of the matches will decide the ad rates and if India qualifies for the semi finals, the rates will certainly see a substantial hike.”
Speaking on the commercial growth of the tournament so far, Helios Media managing director Divya Radhakrishnan says, “India has played well so far and will face Bangladesh in the Quarters, which adds the possibilities of a semi-final berth and hence the demand of the tournament is way higher when compared to the league stages. The advertisers, who gambled to participate in the early stages, got the best price because now the ad rate is sky high.”
GroupM national director entertainment, sports & live events Vineet Karnik asserts, “India’s performance in the triangular series Down Under was below par, which resulted in a slow beginning to the World Cup in terms of advertiser participation. However, as India started playing well, the tournament gained momentum. Now in the knockout stages, the demand is high and naturally Star will increase the ad rate substantially.”
As the ICC World Cup entered the business end of the tournament, 14 teams tried with only eight succeeding to reach the knockout stages. Despite having a below par start, Pakistan securing a berth in the quarters, was a key highlight in the tourney. Lower run rate led to Ireland’s disqualification in the knockout stage as it tied with West Indies, which also managed six points from the league stages. However, the eyebrow raiser of the tournament was Bangladesh, who stunned England to book a berth in the quarters.
Earlier today (18 March), South Africa stormed through to the semis after brutally thrashing Sri Lanka by nine wickets. Bangladesh will play India tomorrow (19 March), who is undisputed so far in the tourney and has decimated each and every batting attack. If India wins the quarter final match, it will face the winner of the Australia vs Pakistan match. This in turn can lead to a probable Indo-Pak bout. India Vs Pakistan match is always an intense battle on and off the field.
While the two teams sweat out to win the match, advertisers exert themselves to create an exquisite presentation in order to grab more eyeballs. Alongside, Star India will prepare its business strategy to generate as much revenue as possible. The ad rates will see a substantial hike and last moment contributors will definitely need to have deep pockets indeed.