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Nimbus close in on BCCI television deal

Pay-broadcaster Nimbus is reported to be close to a deal with the BCCI for the television rights for cricket matches played in India.

The Times of India reports that the deal is worth $425 million over four years, down from the $612 million paid the broadcaster paid for its four-year deal for the rights agreed in 2005.

The new deal starts in April 2010. The deal would not include rights for the India Premier League.

The Times of India quotes an industry expert as saying: "The rights have been sold for a much lesser amount but that was expected. Today, IPL and newer events like Champions League have held spectator interest. All other ICC tournament rights are held by ESPN-Star (including the 2011 World Cup).”