VIACOM 18 bought IPL digital rights for 23,000 crores for the next 5 years 2023 to 2027.
Mukesh Ambani is using another master plan to get more users and build a multi-crore business.
Now any users other than JIO can download the app and watch IPL 2023. So, JIO can easily convert them into JIO users eventually by sending SMS and exclusive offers.
Even to watch IPL 2023, every JIO user will recharge their phone. So, it will increase the overall income for the JIO.
Ambani has both internet service and now an OTT platform (JIO cinema). So, the probability of users buying JIO Fiber is more.
Eventually from IPL digital rights JIO brand value will increase 100X times. It would have been not possible by any means like ads, offers, and other strategies.
JIO launched in 2016, then there were 10+ telecom operators. But now there is hardly VI, Airtel, and BSNL.
Now JIO using to beat its competitors like Amazon Prime and Hotstar.
In the Jio Cinema platform, many advertisers are ready to pay a lumpsum amount for their product ads during the IPL.
Eventually, JIO can make more money from the ad publishers. Even many users will also use their platform to watch movies, web series, and other digital content.