Mukesh Ambani'S JioStar business earns more in Q1 FY26 than BCCI's entire FY25
Mukesh Ambani-led JioStar business — the joint venture between Reliance Industries and Walt Disney's India media operations — posted a revenue of ₹11,222 crore in the first quarter of FY26, surpassing the Board of Control for Cricket in India's (BCCI) entire income for FY25.
BCCI, as per its audited annual report, earned ₹9,741.71 crore in the full financial year FY25, with the Indian Premier League (IPL) contributing ₹5,761 crore to its coffers. Other streams of income for BCCI included ₹1,042 crore from ICC distributions, ₹813 crore from media rights, ₹377 crore from the Women's Premier League (WPL), ₹361 crore from men's international matches, and about ₹986 crore as interest income.
In contrast, JioStar generated ₹11,222 crore in just the April–June 2025 quarter, with the IPL 2025 season being the biggest growth driver for its business. The company also posted an EBITDA of ₹1,017 crore, with its digital platform JioHotstar achieving a subscriber base of 287 million during the IPL and reaching over 800 million viewers on TV.
According to Reliance Industries, IPL 2025 delivered record-breaking viewership with 1.19 billion viewers across TV and JioHotstar. The merger of JioCinema and Disney+ Hotstar into JioHotstar earlier this year allowed JioStar to consolidate its dominance in both OTT and linear television.
On the linear TV front, Star Plus retained its leadership in the Hindi general entertainment category, while regional channels like Star Pravah, Star Jalsha, and Asianet also held top positions in their respective markets.
The figures highlight how the IPL has evolved into a lucrative property not just for the BCCI but even more so for broadcasters and streaming platforms. With its quarterly revenue already exceeding BCCI's full-year income, JioStar has solidified its position at the center of India's sports and entertainment economy.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
24 minutes ago
- Forbes
U.S.-E.U. Trade Deal Lifts Oil By Over 2.5%, But Will The Rally Last?
Oil wells between Sundre and Olds, in Alberta, Canada on May 22, 2025. (Photo: Artur Widak) Oil futures rose by over 2.5% on Monday following an easing of trade tensions between the U.S. and the European Union, but doubts remain over the strength of the rally. At 14:50pm EDT, global proxy benchmark Brent's front-month futures contract was up $1.79 or 2.65% to $69.45 per barrel in U.S. trading, while the West Texas Intermediate front-month contract traded at $66.86 per barrel, up $1.70 or 2.61%. That's after U.S. president Donald Trump and European Commission president Ursula von der Leyen agreed to a trade deal at a meeting in Scotland on Sunday, following months of tension between both sides. Under the terms of the agreement, the U.S. will levy a 15% baseline tariff for most E.U. exports to the states, increasing the current tariff rates nearly three times over, but limiting a higher tariff threat of 30% that Trump threatened on August 1 if talks between both parties had collapsed. Higher U.S. Energy Exports, Lower Trade Tension In exchange, the Europeans have also promised to import U.S. energy - primarily oil and liquefied natural gas - worth $250 billion for three years. If reflected in the data, that would mark a massive increase in U.S. energy exports to Europe. For context, in 2024, total E.U. purchases of U.S. energy products, including coal, was less than $100 billion, according to the Energy Information Administration, the statistics arm of the U.S. Department of Energy. Wherever the energy trade volume goes, the easing of tensions will likely provide stability to nearly $2 trillion worth of trade between the U.S. and the E.U. It triggered a relief rally in the oil and equity markets, as trading resumed after the weekend on Monday. The deal will require the approval of all 27 E.U. members. While each of these nations has differing interests and exposure to goods exports to the U.S., so far, no member state has indicated that it intended to block the deal from coming into force, despite little celebration among European leaders. The uptick also strengthened prices further from last week, after Trump reached a trade deal with Japan just as the U.S. summer driving season, marked by higher demand, offers an additional upside. The latest price move brings Brent futures closer to $70 per barrel, a level it is tipped to cap at the height of the summer in the Northern Hemisphere. However, fears of a oil surplus refuse to go away, and for good reason, because the crude market remains adequately supplied. Will The Oil Rally Last? Earlier this month, OPEC+, a select group of Russia-led oil producers and the Organization of the Petroleum Exporting Countries (OPEC) spearheaded by Saudi Arabia, opted to raise production levels for August by another 548,000 barrels per day. Producers Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman said 'healthy oil market fundamentals and steady global economic outlook' were behind the move. But the real story continues to be the rise of non-OPEC, especially U.S., production. According to the EIA, the nation's crude production hit an all-time high of 13.47 million bpd in April, breaking a previous record of 13.45 million bpd set in October 2024. On Monday, it also confirmed that U.S. onshore production on Federal lands also rose to a record high of 1.7 million bpd in 2024, a sign of continued strength over the near- to medium-term. The ranks of non-OPEC producers are also being boosted by higher output from Brazil, Canada, Guyana and Norway. Collectively, non-OPEC production growth is likely to rise by 1.4 million bpd, according to the International Energy Agency. It means that non-OPEC production growth alone is more than sufficient to account for global demand growth projections for this year that have been put forward by various forecasters. These range from 0.72 million bpd to 1.3 million bpd, with IEA and OPEC being at the opposite ends of that range. With additional barrels flowing in from all corners, there are fears the oil market may end up with a surplus of as much as 500,000 bpd or more. Given that OPEC+ now wants to take the fight to non-OPEC producers in a bid for market share, oil prices will likely head lower. For instance, back in May, prior to the escalation of tensions in the Middle East the following month, analysts at Goldman Sachs were predicting sub-$60 average oil prices - $56 for Brent and $52 for West Texas Intermediate as the year-end approaches. They were among a rising number of their peers lining up to trim oil price predictions for 2025-26 down to the $60s or below. Barring a major geopolitical escalation or macroeconomic event, that possibility may not be far away.
Yahoo
3 hours ago
- Yahoo
Honda eager to collaborate with Nissan, Mitsubishi
Japanese carmaker Honda Motor Company has confirmed it is eager to step up its collaboration with Nissan Motor on a broad range of projects globally, despite the collapse of merger talks between the two companies earlier this year. A merger between Honda and Nissan would have brought significant cost-saving synergies, from sharing research and development costs, supply chains, production and sales networks, and new product development, at a time when they are facing an unprecedented surge in global competition from Chinese automakers. The two companies failed to agree on the terms of the merger, with Honda expecting to become the majority shareholder in a merged company, which Nissan was unable to accept. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Honda's market capitalisation, currently at just under JPY 8 trillion (US$ 54 billion), dwarfs Nissan's JPY 1.14 trillion. Honda, which also makes consumer products and motorcycles, produced 3.7 million vehicles in 2024 - 20% more than Nissan's 3.1 million units. In the first five months of 2025, Honda reported a 9% drop in global vehicle output to 1.45 million units, while Nissan reported a 13% decline to 1.19 million units – in both cases driven lower mainly by plunging sales in China. The companies have so far struggled to keep up with the strong, Chinese-led growth in the global battery electric vehicle (BEV) segment. Maximising global synergies while retaining independence Honda and Nissan, along with the latter's Alliance partner Mitsubishi Motors, are keen to maximise global synergies as independent companies – as part of a looser alliance also involving other companies. At the company's annual shareholders' meeting in June, Honda's CEO Toshihiro Mibe confirmed the automaker is still 'eager' to collaborate with Nissan and with its alliance partner Mitsubishi Motors where possible. But he ruled out the possibility of renewed efforts to merge with Nissan, at least 'for the time being." Honda and Nissan have long been collaborating well before their merger talks became public last year. The have worked together on a wide range of projects including the production of mini vehicles and light commercial vehicles, and the development of battery electric vehicles (BEVs), hybrid powertrain systems, and autonomous driving technologies. Nissan recently revealed it is currently considering supplying pickup trucks to Honda from its US plant in Canton, Mississippi, for Honda to sell in the US market. This would help both companies reduce the impact of the new US import tariffs introduced by US President Donald Trump, as well as improve capacity utilisation at the Nissan plant. Nissan has already agreed to produce a rebadged version of its Rogue SUV in the US for Mitsubishi Motors, with sales scheduled to start later this year, as well as its next generation Leaf battery electric vehicle (BEV) from the second half of 2026. Honda and Nissan are discussing extending their US collaboration to other market segments in the US, as well as in other global regions. The two companies are also considering collaborating in the development of a new basic software platform for advanced vehicle controls, as they prepare to launch software-defined vehicles (SDVs) in the second half of the decade. Honda had previously indicated that it planned to launch battery electric vehicle (BEV) models equipped with its own SDV software from 2026. The development and operation of SDVs requires huge amounts of data, so maximizing economies of scale by cost-sharing is seen as key to competing in this emerging segment of the market. Chinese automakers and Tesla are seen as leading the way in this emerging segment, while Toyota Motor is understood to be considering sharing its SDV software with Mazda. Mibe summed up Honda's position as he told reporters at the shareholders' meeting: 'We want to secure a leading competitive edge in the industry by maximising the merits brought on by the collaboration." "Honda eager to collaborate with Nissan, Mitsubishi" was originally created and published by Investment Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Newsweek
4 hours ago
- Newsweek
Social Security Update: Senator Warns Agency Hiding 'Extent of the Problem'
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Senator Elizabeth Warren, a Massachusetts Democrat, called for the Social Security Administration (SSA) to provide more accurate and detailed information about the agency's phone call wait times on Sunday, warning the agency may be hiding "the extent of the problem" from policymakers and the public. In a letter sent to SSA Commissioner Frank Bisignano and obtained by The Hill, Warren asked for additional data, following up on a commitment she secured from Bisignano for a public audit regarding call wait time data and increased transparency in reporting. Why It Matters Social Security serves over 70 million Americans, including retirees, the disabled, and survivors, making the accessibility and responsiveness of its services crucial for millions who depend on timely benefits. Persistent issues with customer service, especially prolonged call wait times, can directly impact vulnerable populations' ability to access critical support. According to recent data and advocacy groups, ongoing administrative challenges and staffing concerns have already resulted in long delays and confusion for benefit recipients. Trust in the system's reliability is a growing public concern as the U.S. faces discussions over the program's long-term future and funding. U.S. Sen. Elizabeth Warren (D-MA) speaks during a rally opposing House Republicans Tax Proposal prior to the final House vote on Capitol Hill on May 21, 2025, in Washington, D.C. U.S. Sen. Elizabeth Warren (D-MA) speaks during a rally opposing House Republicans Tax Proposal prior to the final House vote on Capitol Hill on May 21, 2025, in Washington, Families Over Billionaires What To Know Senator Warren's renewed inquiry stems from findings by her staff, most recently in June, that showed some SSA phone wait times averaged around one hour and 45 minutes, with some callers reporting delays of over three hours. In her letter, Warren wrote, "The SSA is failing to provide policymakers and the public with accurate information about the extent of the problem, using convoluted calculations to obfuscate the real data, or withholding information entirely." The senator called for an Inspector General-led public audit of the agency's reporting procedures for phone wait times. She thanked Bisignano for agreeing to such an audit but did not specify a timeline. Warren's letter requested that by August 11, the SSA provide the total number of calls received; details on calls handled by an artificial intelligence tool, including the percentage dropped, transferred, or ended unresolved; and similar details for calls handled by human representatives. Warren also criticized the SSA for what she called the distribution of an "inaccurate and overtly partisan email" regarding the so-called "Big Beautiful Bill," alleging that it included false information about eliminating federal taxes on Social Security benefits. "Warren is absolutely right about one thing," Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek. "The email that went out claiming 90 percent of Social Security beneficiaries will no longer pay taxes on their benefits was flat-out false. It was political propaganda dressed up as government communication. The message even praised the OBBA and mentioned Trump by name, which is a direct politicization of a government agency. That's unacceptable." The SSA has faced scrutiny for changes implemented under the Department of Government Efficiency (DOGE), which was initially led by billionaire advisor Elon Musk before he parted ways with the Trump administration in late May. The SSA has faced staffing cuts and office closures that have contributed to service delays since then. In one notable incident in April, a technical error on the SSA website incorrectly notified Supplement Security Income recipients their benefits had ended, compounding concerns among the vulnerable populations it serves. Newsweek reached out to the SSA for comment via email. What People Are Saying Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek: "The SSA has started implementing new tech systems, which could eventually improve things, but that takes time. What doesn't help is letting go of experienced staff or forcing early exits, only to expect automation to solve every problem overnight." Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek: "Senator Warren is concerned based on data she's received that release doesn't reflect the reality of what's actually happening, with internal reports saying wait times for call have actually increased in some situations, not decreased. It's important to have an accurate reflection of this information, too. With Social Security facing a shortfall in the coming years, legislators need to know if the administration can truly get by with a smaller staff or not." What Happens Next Commissioner Bisignano has committed to an Inspector General audit, though a date was not detailed by Warren or the SSA. By August 11, the agency is expected to provide the requested call data to Warren's office. The SSA's reported willingness to undergo greater independent scrutiny could lead to further reforms in customer service procedures and increased congressional oversight, depending on audit findings. "Understaffing, especially after DOGE budget cuts, has left fewer hands to handle an aging and growing beneficiary population," Thompson said. "Until those gaps are filled and systems are modernized, people will continue to sit on hold for hours just trying to get basic help."
