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• New York, NY, June 28, 2023 (GLOBE NEWSWIRE) -- The first meeting of Royal Angel Foundation (RAF) was successfully held on June 25th.
• At the same time, members of Royal Angel Foundation (RAF) also introduced the recently launched financial services activities to investors, which were generally welcomed by investors.
• Royal Angel Foundation (RAF) is a foundation focused on blockchain and sports business, established by the cooperation of many top venture capital institutions active in Web3.
• In addition, Royal Angel Foundation (RAF) will actively carry out more meaningful public welfare projects to bring greater benefits to society.

• It comes just a week after Australia won the World Test Championship, defeating India in comprehensive style at The Oval in south London.
• This is significant because when it comes to the economics of cricket, it’s India that’s in the box seat, not England.

India is the new cricket powerhouse

• The 2023 season of the Indian Premier League drew more than 500 million viewers, a 32% growth in television ratings on last season.
• The first IPL match attracted 130 million viewers, compared with a record 115.1 million for the 2023 Super Bowl.
• The 2023 IPL champions the Chennai Super Kings are valued at about US$1.15 billion (A$1.67 billion), according to Forbes in 2022.

So how did India do it?

• India acted fast to surf the T20 wave.
• By 2025, India’s middle class will number 583 million, or 41% of the country’s projected population.
• This gives teams deep pockets when buying players from all over the globe, with the TV broadcast rights topping up IPL coffers too.
• This has also boosted women’s cricket, including their pay packets, with the launch of the Women’s Premier League in India earlier this year.

Cricket diplomacy

• It just shows the power of India in world cricket, and more generally the power of sport in today’s global economy.
• Cricket diplomacy was on display then too, spawning now famous images of Prime Ministers Modi and Albanese on a chariot before the fourth test match in Ahmedabad.
• But differences remain

  Cricket diplomacy has been central to the Modi-Albanese partnership, which highlights the role of sport in political and economic relationship building.

• And the rise of the IPL has boosted India’s ascendancy as a superpower in world cricket.

• “Today’s digital economy, coupled with the heightened expectations of consumers, means organizations must be laser-focused on customer experience as the great differentiator,” said Anil Chakravarthy, president, Digital Experience Business at Adobe.
• Additionally, powerful new Adobe Sensei GenAI services for enterprises have debuted in Customer Journey Analytics, Adobe Experience Manager and Marketo Engage, enabling businesses to dramatically accelerate productivity and deliver personalized customer experiences at scale.
• Adobe also expanded access to Adobe Mix Modeler and the next-generation Adobe Experience Manager globally, as well as debuting AI-infused updates to Adobe Journey Optimizer, offering brands powerful experimentation and testing capabilities to inform decision-making.
• To watch the Adobe Summit EMEA keynotes online, as well as explore the event’s sessions, network with peers or speak live with an Adobe expert, visit the Summit EMEA web experience .

• NEW YORK, June 9, 2023 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire.
• To help journalists covering the sports industry stay on top of the week's most newsworthy and popular releases, here's a roundup of stories from the week that shouldn't be missed.
• The list below includes the headline (with a link to the full text) and an excerpt from each story.
• Click on the press release headlines to access accompanying multimedia assets that are available for download.