#clifford_commodity_dmcc

JioStar terminates Bangladesh IPL, WPL sub-licence deals over payment defaults JioStar India Pvt. Ltd. has terminated its sub-licence agreements for the Indian Premier League (IPL) and Women’s Premier League (WPL) in Bangladesh, citing persistent payment defaults by its counterparty. The decision follows a dispute with Dubai-based Excel Lead IT Solutions FZ-LLC, the holding entity of Bangladesh sports broadcaster T-Sports. The contracts, which granted digital media rights for the IPL and WPL in Bangladesh for the 2023–27 cycle, were originally signed between Viacom18 Media Private Limited and Clifford Commodity DMCC before being novated to Excel Lead. These agreements allowed the Bangladesh partner to commercially exploit streaming rights for both leagues across the country. JioStar issued formal demand notices to Excel Lead in early January 2026, seeking clearance of outstanding dues related to the IPL 2025 and WPL 2025 seasons. Despite being granted full access to match signals and the ability to monetise the properties, the dues allegedly remained unpaid even after the contractual cure period expired. Following the continued default, JioStar exercised its termination rights under the agreement, resulting in the automatic reversion of all licensed rights back to the company. Sources confirmed that JioStar is now demanding payment of all outstanding amounts, along with overdue interest and associated costs, calculated from the respective due dates until full realisation. Post-termination, Excel Lead and its affiliate T-Sports have been instructed to immediately cease any broadcast, streaming, promotion, or commercial exploitation of IPL and WPL content in Bangladesh.#t_sports #excel_lead_it_solutions_fz_llc #viacom18_media_private_limited #clifford_commodity_dmcc #jio_star_india_pvt_ltd

JioStar Terminates IPL and WPL Media Rights Agreements in Bangladesh Over Payment Defaults Dhaka [Bangladesh], April 1 (ANI): A significant media rights dispute has emerged in Bangladesh involving the broadcast and exploitation rights for the Indian Premier League (IPL) and the Women’s Premier League (WPL). JioStar India Private Limited (JioStar), which holds the underlying rights to these properties, has formally terminated its Bangladesh sub-licence agreements with Excel Lead IT Solutions FZ-LLC (Excel Lead), the holding company of sports broadcaster T-Sports. The termination followed "payment defaults" by Excel Lead, sources confirmed. The agreements, originally executed between Viacom18 Media Private Limited (now JioStar) and Clifford Commodity DMCC, were later novated in favor of Excel Lead (T-Sports). These agreements granted the rights to exploit the IPL and WPL digital media rights in Bangladesh for the 2023-27 seasons. According to sources, JioStar raised concerns in early January 2026 about outstanding dues related to the IPL 2025 and WPL 2025 seasons. Despite providing Excel Lead with access to all relevant matches and enabling full commercial exploitation during those periods, the payments remained unpaid. The cure period outlined in the agreements expired without resolution, prompting JioStar to exercise its termination rights. This action automatically reverted all licensed rights under the agreements back to JioStar. The company has demanded repayment of all outstanding dues, along with overdue interest and associated costs from the due dates until full realization.#t_sports #jio_star_india_private_limited #excel_lead_it_solutions_fz_llc #viacom18_media_private_limited #clifford_commodity_dmcc