India, April 1 -- Indian Premier League chairman Arun Singh Dhumal has said he does not expect the tournament's media-rights value to drop in the next cycle, pushing back against forecasts of flat growth amid consolidation in India's broadcast and streaming market.

Dhumal's comments come at a time when the IPL is in the penultimate year of its 2023-27 rights cycle, under which Disney Star bought the domestic television rights for $3.02 billion, and Viacom18 secured the streaming rights for $3.05 billion. Recent projections have suggested the league's next rights deal could see limited growth, especially if the tournament expands further in the next cycle.

"There is a lot of consolidation that has happened in the media space," Dhumal sai...