Tag: ICC World Cup T20

  • Top Sponsors of the ICC T20 World Cup 2024

    Lots of businesses are putting their money into the Twenty20 World Cup 2024, the biggest event in international cricket that is currently underway. With over 200 million viewers for the most recent tournament in 2022, the Cricket World Cup is second only to the FIFA World Cup in terms of viewership. Having said that, the tournament’s enormous viewership makes it a tempting opportunity for businesses to showcase their goods and services during commercial breaks. Companies can take advantage of the fact that spectators are monitoring the game ball by ball to boost sales by airing commercials during overs, time-outs, and innings changes. Even this year, many businesses are putting their money into the ICC Twenty-20 World Cup 2024, which is why several major corporations have secured attractive sponsorship deals to increase their sales. The ongoing tournament is the ninth edition in which almost 20 international cricket teams are participating.  

    Here are the top sponsors of the ICC T20 World Cup 2024:

    Premier Partners

    Global Partners

    Official Supporter

    Premier Partners

    Top Sponsors of the ICC T20 World Cup 2024 - Premier Partners
    Top Sponsors of the ICC T20 World Cup 2024 – Premier Partners

    As per the recent data available on the International Cricket Council’s (ICC) website, three companies have acquired Premier Partnership in the ICC T20 World Cup 2024.

    Emirates

    In May 2024, the International Cricket Council (ICC) and Emirates, the biggest international airline in the world, announced a renewal of their global relationship for multiple years. Incorporating 28 ICC men’s and women’s events until 2031, including the Champions Trophy, T20 World Cup, and Cricket World Cup, the long-standing collaboration is already in its third decade and is poised to become one of the most established in world sport. Officials from the International Cricket Council (ICC) will wear Emirates’ Fly Better branding while they play in the United States and the West Indies, and the company will maintain exclusive naming rights to the Emirates ICC’s Elite Panel of Umpires and Match Referees, per the agreement.

    Aramco

    In October 2022, the ICC became a prime partner with Aramco, a pioneer in integrated energy and chemicals, after striking a partnership with the company. As per the contract, the company’s logo will appear on Player of the Match trophies going forward. Aramco has joined Emirates in extending their association with the ICC from the 2023 Men’s ODI World Cup to a further four years. Their logo is currently visible at the ongoing 2024 T20 World Cup and it will be featured in October for the women’s version. It has been reported that the sum being paid to the ICC is twice as much as what was originally agreed upon in 2022. In both the 2022 and 2023 Indian Premier League seasons, Aramco was a major sponsor.

    DP World

    The partnership is timed to align with cricket’s global expansion plan, which aims to host more cricketing nations with world-class ICC tournaments in the coming years. With businesses in 75 countries across 6 continents, DP World is in a prime position to assist the International Cricket Council (ICC) with its increasing logistical demands as the number of countries hosting ICC events grows. This includes nations like Namibia and the United States, which will be co-hosting future World Cups.

    From the cork in the balls to the linseed oil on the bat, DP World helps provide cricket to people all over the globe, from grassroots to professional, by organizing major international events and ensuring the smooth flow of equipment and infrastructure.

    The logistics skills of DP World will improve the efficacy of cricket’s worldwide events, and their daily activities comprise 10% of world trade. The current global contract between the ICC and DP World does not expire until 2024, although both organizations are likely to renew their cooperation.


    ICC T20 2024 World Cup’s Media Rights: A Money-Minting Entity to Hold On To
    How companies earn by paying hefty amounts to acquire media rights for ICC T20 World Cup 2024, let’s find out in this article.


    Global Partners

    Top Sponsors of the ICC T20 World Cup 2024 - Global Partners
    Top Sponsors of the ICC T20 World Cup 2024 – Global Partners

    Coca Cola

    In a recent announcement, the ICC and Coca-Cola extended their global collaboration for eight years, covering all three forms of ICC World tournaments until 2031. The Coca-Cola Company’s brands will serve as exclusive non-alcoholic beverage partners under the partnership. The ICC Cricket World Cups, ICC Twenty20 World Cups, and ICC Champions Trophies, as well as all other major men’s and women’s sporting events, are all covered by the agreement until the end of 2031. A significant international tournament for men and women will be held annually as part of the agreement, with a World Test Championship Final held every two years.

    IndusInd Bank

    IndusInd Bank has recently announced its partnership with ICC as a Global Partner for future events, which will last for multiple years. Through its status as an ICC’s Global Partner, IndusInd Bank can leverage a variety of branding and content assets that help strengthen relationships with stakeholders, employees, and consumers. The cooperation showcases the Bank’s dedication to its sports project ‘IndusInd ForSports,’ which aims to improve people’s lives by promoting diversity, teamwork, and excellence in sports. At the heart of this partnership is the Anthem Buddies Contest, an unforgettable chance for young fans to join their favorite cricket players as they stand during the national anthems before every match.

    Official Supporter

    Top Sponsors of the ICC T20 World Cup 2024 - Official Supporters
    Top Sponsors of the ICC T20 World Cup 2024 – Official Supporters

    Near

    The ICC and the Near Foundation have formed a revolutionary new relationship to increase participation in the sport through the use of Web3 tools developed on the NEAR Blockchain.

    In a move that will bring cricket fans one step closer to their favorite teams and players through the use of Web3 technology, the Near Foundation has been named the official blockchain partner of the ICC. The first joint effort by the two organizations occurred during the ICC Men’s Cricket World Cup, which began in India on October 5. The Near Foundation and the ICC will work together until the end of 2025 as per the signed contract. During that time, the two organizations have promised to collaborate on additional Web3 use cases that bring sports fans closer to the action.

    FanCraze

    With the announcement of a multi-year partnership agreement, ICC and FanCraze have reached a new level of digital fan engagement. This will be showcased in the exciting new products that will be unveiled during the ICC Men’s T20 World Cup 2024.

    Additionally, the declaration covered the impending release of the Web3 fantasy game ICC Crictos SuperTeam, which would have digital video collectibles officially licensed by the ICC. Fans can show the world their cricket knowledge every week with SuperTeam’s weekly challenges, where they may win incredible prizes by constructing fantasy teams using their ICC Crictos. This fascinating collaboration will expand upon the excellent work that ICC Crictos has done over the last two years in introducing both male and female cricket fans to the sport.

    By entering into these partnerships and agreements, the ICC can boost cricket’s profile on a global scale and enhance its revenue. Companies gain money during ICC tournaments by advertising their products and services during live events and their live broadcast, and all of these sponsorship deals address one crucial aspect: promoting cricket as an appealing sport so that other nations may come in. It is a win-win situation for both ICC and the companies.

    FAQs

    Who are the premier partners of ICC T20 World cup 2024?

    The premier partners of ICC T20 World cup 2024 are Emirates, Aramco, and DP World.

    What is the latest deal between ICC and Coca-Cola?

    In a recent announcement, the ICC and Coca-Cola extended their global collaboration for eight years, covering all three forms of ICC World tournaments until 2031.

    Who are the official supporters of ICC T20 World cup 2024?

    The official supporters of ICC T20 World cup 2024 are FanCraze and Near Blockchain.

  • ICC T20 2024 World Cup’s Media Rights: A Money-Minting Entity to Hold On To

    With the ICC World Cup 2024 underway, cricket fans everywhere are glued to their televisions and smartphones, ready to witness all the thrilling matches. Everything that has been presented during live broadcasts is merely the surface of what lies beneath; an entire ecosystem is responsible for these broadcasts. Companies just make sure that every touchpoint has been examined, starting from securing media rights from the ICC and airing the matches.

    The media rights to air the broadcasting firm purchases any ICC events for a substantial sum. The corporation then makes money through advertisements or by negotiating contracts with co-sponsors. Since the vast majority of Indians are avid cricket fans, many firms have spent a lot of money on securing media rights for the Indian market. This presents a fantastic potential for them to increase their revenues even higher.

    Disney Star All Eyes up for More Than 1600 CR Ad Sales
    Disney Star Is Reshaping the T20 World Cup Advertising Pricing
    Disney Star Joins Forces With 19 Sponsors

    Disney Star All Eyes up for More Than 1600 CR Ad Sales

    Disney Star, the official media rights holder for this season’s ICC Men’s T20 cricket World Cup, is expected to earn approximately INR 1,600-1,800 crore in advertising income, comparable to the amount they made during the last event in Australia two years ago. Forecasts indicate that the broadcaster’s advertising roster will mirror that of the current Indian Premier League. Disney Star anticipates winning over prominent sponsors like those seen in the BCCI-backed cricket tournament IPL, even though it is still inking deals and is in the final stages of selling around 40% of its advertising spot inventory already.

    Ajit Varghese, the executive vice president of advertisement sales, stated that broadcasters have witnessed a notable increase in interest in the gaming, banking, and finance services sectors inside cricket, both last year and this year. Additionally, industrial items and infrastructure will also prove to be formidable categories for advertisements. Interestingly, fast-moving consumer goods businesses’ contributions to cricket revenue have increased from single digits to significant double digits.

    ICC Cricket Rankings: Leading Men’s TWENTY20 Countries Worldwide as of May 2024

    Disney Star Is Reshaping the T20 World Cup Advertising Pricing

    Disney Star has reduced advertising fees for the 2024 ICC Men’s T20 World Cup in comparison to the 2022 tournament. The television network is requesting prices from advertisers of more than INR 6.2 lakh for each 10-second spot, with spot buyers paying an additional INR 6.4 lakh per spot. For the 2022 event, the broadcaster asked sponsors and spot buyers for ad rates of between INR 9 to 10 lakh, respectively.

    Advertisements for each Twenty20 World Cup game fell 47% from the previous year, according to a recently published media report. The Disney Star is requesting donations of more than INR 60 million from co-presenting sponsors for both SD and HD channels, after successfully bidding $3 billion for the 2024–27 cycle to acquire media rights in India.


    Sponsors of Indian Premier League 2024 (IPL 2024)
    Explore the prominent sponsors of the Indian Premier League (IPL) 2024, highlighting the brands supporting one of cricket’s most prestigious tournaments.


    Disney Star Joins Forces With 19 Sponsors

    Disney Star has recently disclosed its 19 sponsors for the 2024 ICC Men’s T20 World Cup. Dream 11, Maruti, AMFI, Parle Products, BPCL, Haier, ICICI Bank, Jockey, KP Group (Kamala Pasand), Reliance Retail, Samsung India, Housing.com, Jaquar Group, Castrol, Kent RO, TVS Eurogrip, Macho Hint, and McNroe are some of the brands that are included in this category. In addition to the knockout matches, it is anticipated that the match between India and Pakistan that will take place on June 9 will be the most watched match of the tournament.

    This diversified set of sponsors demonstrates the longstanding popularity of cricket as well as the strategic importance of sports consumption and the supply of creative content. As preparations are being made for this monumental event, we are looking forward to an incredible celebration of cricket that will bring together ardent fans and players from all over the world, Varghese said.

    The matches will be broadcast solely on the Star Sports network, and they will be accessible to mobile subscribers of Disney+ Hotstar for free streaming.

    FAQs

    Where is the ICC Men’s ODI World Cup 2024?

    The ICC Men’s ODI World Cup 2024 is in The United States and West Indies from June 1 to June 29.

    What is the prize money for winning the 2024 T20 World Cup?

    The International Cricket Council has announced a record prize of USD 11.25 million (approximately INR 93.5 crore) for the 2024 T20 World Cup.

    How many teams are there in the T20 World Cup 2024?

    There are 20 teams which are divided into four groups in the T20 World Cup 2024.