Amazon skips IPL + a breather for real-money gaming

The e-commerce company will not be bidding for the tournament’s media rights; the government is planning national legislation on gaming.

10 June, 20227 min
0
Amazon skips IPL + a breather for real-money gaming

Why read this story?

Editor's note: Harveen here. This morning, a detailed report in Bloomberg talked about how the stage is set for two of the world’s richest men—Jeff Bezos of Amazon and Mukesh Ambani of Reliance Industries—for a clash over the media rights to the Indian Premier League. A few hours later, to everyone’s surprise, Bloomberg reported that Amazon is already planning to pull out of the race. From the report: Amazon.com Inc. is planning to withdraw from a heated competition for the rights to stream Indian Premier League cricket matches, according to people familiar with the matter, ceding one of the world’s most popular sporting contests to rivals from Walt Disney Co. to Mukesh Ambani’s Reliance Industries Ltd…The US giant is planning to throw in the towel rather than get into a bidding war, the people said, asking not to be identified discussing internal deliberations. While Amazon hasn’t officially commented on these reports, the company doesn’t seem to have arrived for the technical evaluation of bids—a process that was supposed to begin this morning. The main contenders for the IPL digital rights now are …

You may also like

Business
Story image

Ten business developments for 2026

Who’s going to lead the IPO party, what’s going to drive the market, where are some of the leading businesses headed, and more.

Internet
Story image

Online casinos go live in the UAE

The sudden and quiet launch of three new online gambling sites may have marked the start of a new chapter for the country.

Business
Story image

Conglomerates, duopolies and domination hamper India

The domination of a few business groups—conglomerates—is a defining feature of the country’s economy. This has been enabled by policy, leading to stifled innovation and hindered progress. All of this, in turn, exacerbates inequalities.