New Delhi: Reliance-subsidiary JioStar has informed the International Cricket Council of its intention to exit from its four-year India media-right deals ahead of next year’s T20 World Cup after taking a huge financial hit.

Citing expected losses of Rs 25,760 crore in 2024-25, up from Rs 12,319 crore a year earlier, JioStar wants to end agreement two years prior to completion of deal, reports Economic Times .

ICC’s media rights deal from 2024 to 2027 was valued at $3 billion with one major men’s tournament assured to be held each year. In the new sale process for 2026-29 cycle, the ICC seeks $2.4 billion.

The report suggests ICC has approached Sony Pictures Networks India, Netflix and Amazon Prime Video to take over the rights for the remaining two years.

ICC is yet to receive fav

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