<ul><li><keyword id="6858" type="General" weightage="100" keywordseo="alia" source="Orion">Alia</keyword> Bhatt was called Aishwarya Rai Bachchan by the paps on the red carpet at the <keyword id="16137880" type="General" weightage="20" keywordseo="Met-Gala-2023" source="Orion">Met Gala 2023</keyword>.</li><li>The 'Raazi' star won the hearts of millions with her sartorial choices at Met Gala.</li></ul>Washington [US], May 3 (ANI): Alia Bhatt, who made her debut at the Met <keyword id="17309956" type="General" weightage="20" keywordseo="Gala-2023" source="Orion">Gala 2023</keyword> in New York, was called Aishwarya (Rai Bachchan) by the paps on the red carpet. The 'Raazi' star won the hearts of millions with her sartorial choices at Met Gala. Alia opted for a pristine white gown with a billowing silhouette from the shelves of Prabal Gurung. Prabal has shared many pictures and videos of Alia on his Instagram account. Among those, there's a video, in which, Alia was called by a paparazzo as 'Aishwarya this way'. However, Alia posed for the paps, smiled at them, and walked off. Prabal also helped her with her gown on the stairs of the red carpet. Aishwarya Rai Bachchan is a well-known name at international podiums. But she is a more familiar face at the Cannes than at Met Gala. <div type="INSTAGRAMURL" thumbUrl="undefined" caption="Caption not available." user="undefined" cmsId="1683090287220"><url><![CDATA[https://www.instagram.com/p/Crv0-qVrIHb/]]></url><permalink><![CDATA[https://www.instagram.com/p/Crv0-qVrIHb/]]></permalink><payload><![CDATA[]]></payload></div> After walking the red carpet, Alia shared pictures of her Met Gala look on Instagram and revealed that her royal ensemble was made using one lakh pearls. "Met Gala -- Karl Lagerfeld: A Line of Beauty...I have always been fascinated by the iconic Chanel brides. Season after season, the genius of Karl Lagerfeld shone through in the most innovative and awe-inspiring couture. My look tonight was inspired from this and in particular by supermodel <keyword id="27449" type="General" weightage="50" keywordseo="claudia-schiffer" source="Orion">Claudia Schiffer</keyword>'s 1992 Chanel bridal look.. I wanted to do something that felt authentic (hello, pearls!) and proudly made in India. The embroidery, made with a 100,000 pearls is a labour of love by @prabalgurung. I'm so proud to wear you for my first Met," she shared. "A girl can never have too many pearls... and the right accessories to complement the look which in our case translated to the bow of pearls on my hair. Oh, and it's white, for my Choup-ED," Alia added. (ANI) SEE ALSO: <a href="https://www.businessinsider.in/tech/news/what-are-vishing-scams-that-start-with-a-namaste-and-end-with-monetary-losses/articleshow/99762900.cms">What are ‘vishing scams’ that start with a Namaste and end with monetary losses</a> <a href="https://www.businessinsider.in/tech/news/sony-wh-ch720n-headphones-review-featherweight-comfort-and-impressive-sound/articleshow/99911412.cms">Sony WH-CH720N headphones review: Featherweight comfort and impressive sound</a>

Alia Bhatt gets mistaken for Aishwarya Rai Bachchan by paps at Met Gala 2023

<ul><li>Filmmaker Om Raut's "<keyword id="9776044" type="General" weightage="20" keywordseo="Adipurush" source="Orion">Adipurush</keyword>" will have its world premiere at the 2023 edition of the <keyword id="624498" type="General" weightage="100" keywordseo="tribeca" source="Orion">Tribeca</keyword> Film Festival. </li><li>In an Instagram post, <keyword id="104063" type="General" weightage="80" keywordseo="prabhas" source="Orion">Prabhas</keyword> said he is looking forward to the movie's premiere on June 13.</li><li>"Adipurush" is now slated to hit the screens in 3D on June 16, 2023.</li></ul>New Delhi, Filmmaker Om Raut's "Adipurush" will have its world premiere at the 2023 edition of the Tribeca Film Festival. Starring Prabhas, Kriti Sanon, Sunny Singh and <keyword id="333" type="General" weightage="50" keywordseo="saif-ali-khan" source="Orion">Saif Ali Khan</keyword>, the film will be screened under the '<keyword id="17185981" type="General" weightage="80" keywordseo="escape-from-tribeca" source="Orion">Escape From Tribeca</keyword>' section of the film gala, to be held in New York from June 7 to June 18. In an Instagram post, Prabhas said he is looking forward to the movie's premiere on June 13. "Looking forward to #Adipurush being premiered at the #TribecaFestival on June 13th," the "Baahubali" star wrote alongside the movie's official poster. Raut, who made his directorial debut with Ajay Devgn-starrer "Tanhaji: The Unsung Warrior" in 2020, said he is excited and honoured that "Adipurush" will be having its world premiere at Tribeca. "'Adipurush', the epic saga of courage and devotion, is set to make its world premiere at the prestigious #TribecaFestival on the 13th of June in New York. I am immensely grateful for the relentless efforts of team Adipurush and thanks to the entire jury of @tribeca. Can't wait to let Adipurush's grandeur unfold at #Tribeca2023!" he said. According to the synopsis of "Adipurush", posted on the gala's official website, the movie has been described as a "reimagining" of the "epic Indian poem '<keyword id="6363500" type="General" weightage="50" keywordseo="ramayana" source="Orion">Ramayana</keyword>'". "The big-budgeted visual feast 'Adipurush' tells the tale of a prince on a mission to rescue his wife from a ten-headed demon overlord," it read. The 'Escape From Tribeca' segment will also showcase films such as "Enter the Clones of Bruce", "Final Cut", and "Suitable Flesh". Bruce Lee's "Enter the Dragon" will be screened as part of the film's 50th anniversary. The runtime of the "action drama", written by Raut and Manoj Muntashir Shukla, is 174 minutes. "Adipurush" is produced by T-Series' Bhushan Kumar, Krishna Kumar, Raut, Prasad Sutar, and Rajesh Nair. The film courted controversy, including boycott calls, last year when the teaser of the magnum opus was launched in Oactober over the depiction of Hindu deities and inferior quality of visual effects. The makers were also slammed for the apparent Islamisation of Lankesh, played by Saif, as the demon king who was seen sporting a beard and buzz cut. The film was initially set to arrive in cinema halls on August 11, 2022, but the release date was further pushed to January 12, 2023. "Adipurush" is now slated to hit the screens in 3D on June 16, 2023. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/bard-to-magi-googles-latest-weapon-in-the-battle-for-search-supremacy/articleshow/99576251.cms">From Bard to Magi: Google's latest weapon in the battle for search supremacy</a> <a href="https://www.businessinsider.in/tech/news/ai-generated-images-and-videos-a-game-changer-or-a-threat-to-authenticity/articleshow/99560443.cms">AI-generated images and videos: A game-changer or a threat to authenticity?</a>

'Adipurush' set for world premiere at Tribeca Film Festival 2023

Hari <keyword id="79029" type="General" weightage="80" keywordseo="balakrishnan" source="Orion">Balakrishnan</keyword>, an Indian-origin MIT Professor, has received the prestigious <keyword id="2041779" type="General" weightage="100" keywordseo="marconi-prize" source="Orion">Marconi Prize</keyword> for his fundamental discoveries in wired and wireless networking, mobile sensing, and distributed systems. Balakrishnan, a Fujitsu Professor of Computer Science and Artificial Intelligence in the Department of Electrical Engineering and Computer Science at the Massachusetts Institute of Technology (MIT), was named the winner of the award on February 22, a press release by The <keyword id="2027449" type="General" weightage="80" keywordseo="marconi-society" source="Orion">Marconi Society</keyword> said. The Marconi Prize is awarded annually by The Marconi Society to innovators who have significantly contributed to increasing digital inclusivity through advanced information and communications technology. "By focusing his research on the application of technology to solve large societal problems, Balakrishnan's work has made millions of people safer and has made the Internet and wireless communications more efficient and robust," the press release said. "I am delighted to be honoured with the Marconi Prize, whose previous recipients are a "Who's Who" of communications technology innovators. As a researcher inspired by how people use network applications and motivated to build networked systems for a safer and more resilient world, I am privileged to be part of the Marconi Society and its mission to advance digital equity," Balakrishnan said in a statement. According to the press release, discoveries by Balakrishnan frequently set the stage for major shifts in the scientific and technological trajectory of networking systems. "Hari's unique contributions have shaped the course of research and discovery in multiple fields, saved lives, and enabled users to have better experiences with network-based services," <keyword id="251607" type="General" weightage="50" keywordseo="vint-cerf" source="Orion">Vint Cerf</keyword>, Chair of the Marconi Society, said. "His focus on scientific excellence that creates positive impact at scale, along with his humanitarian contributions, makes him a perfect choice for the Marconi Prize," Cerf added. "The breadth, depth, and innovation of Hari's contributions to technology are quite remarkable," Chair of the Marconi Prize Selection Committee, Andrea Goldsmith, said. "His transformational impact on technology, successful translation of his research ideas into widespread practice and his humanitarian activities are exemplary of the contributions the Marconi Prize seeks to recognise," Goldsmith added. Balakrishnan received his B.Tech degree from IIT Madras and his PhD from the University of California at Berkeley. He will be honoured at the Marconi Society's annual awards Gala on October 27, 2023, in Washington, DC. The Marconi Society is a nonprofit organisation dedicated to advancing digitally equitable communities by empowering change agents across sectors, according to its official website. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/in-schools-without-boundary-walls-3500-bijnor-children-worry-about-leopards/articleshow/98335852.cms">In schools without boundary walls, 3,500 Bijnor children worry about leopards</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/axis-bank-completes-acquisition-of-citibanks-consumer-business-heres-everything-to-know/articleshow/98337170.cms">Axis Bank completes acquisition of Citibank’s consumer business for ₹11,603 crore – here’s everything to know</a>

Indian-origin MIT Professor Hari Balakrishnan awarded prestigious Marconi Prize

<ul><li>The Board of Control for Cricket in India (BCCI) will walk home with ₹48,390 crore after the record-breaking bidding concluded on June 14.</li><li>Now, after the latest auction, <keyword id="6354312" type="General" weightage="20" keywordseo="ipl" source="Orion">IPL</keyword> value has <a href="https://www.businessinsider.in/business/corporates/news/ipl-value-jumps-3x-to-48000-crore-heres-how-much-mukesh-ambani-disney-and-times-internet-are-spending/articleshow/92209726.cms">jumped </a>by <a href="https://www.businessinsider.in/business/corporates/news/ipl-value-jumps-3x-to-48000-crore-heres-how-much-mukesh-ambani-disney-and-times-internet-are-spending/articleshow/92209726.cms">3x to ₹48,000 crore</a>, which means franchises will get a bigger cut in profits from BCCI.</li><li>From <keyword id="13880" type="General" weightage="50" keywordseo="mumbai-indians" source="Orion">Mumbai Indians</keyword> to Chennai Super Kings, here’s how <keyword id="99282" type="General" weightage="20" keywordseo="ipl-franchises" source="Orion">IPL franchises</keyword> make money from various sources.</li></ul>The Indian Premier League is probably one of the few businesses in India that will remain unaffected by soaring inflation, a global pandemic and rising interest rates. After the recently-concluded media rights auction, it is gonna be raining money for its franchises. The Board of Control for Cricket in India (BCCI) will walk home with ₹48,390 crore after the record-breaking bidding concluded on June 14. With this, India’s biggest sporting event has witnessed an <a href="https://track.sendpal.in/link/track/62abe73e4cfb1f6f0a1d3647/mail/62abe4d38b0f05df4598bb56/feature?url=https%3A%2F%2Fwww.businessinsider.in%2Fbusiness%2Fcorporates%2Fnews%2Fipl-value-jumps-3x-to-48000-crore-heres-how-much-mukesh-ambani-disney-and-times-internet-are-spending%2Farticleshow%2F92209726.cms%3Futm_source%3Dbi%26utm_medium%3Demail_newsletter%26utm_campaign%3DBusiness_Insider_Newsletter" target="_blank">increase of 3x</a> when compared to the previous cycle, with the National Football League ahead by a small margin at <a href="https://track.sendpal.in/link/track/62abe73e4cfb1f6f0a1d3647/mail/62abe4d38b0f05df4598bb56/feature?url=https%3A%2F%2Fwww.businessinsider.in%2Fbusiness%2Fcorporates%2Fnews%2Fipl-value-jumps-3x-to-48000-crore-heres-how-much-mukesh-ambani-disney-and-times-internet-are-spending%2Farticleshow%2F92209726.cms%3Futm_source%3Dbi%26utm_medium%3Demail_newsletter%26utm_campaign%3DBusiness_Insider_Newsletter" target="_blank">$17 million.</a> <div type="image" title="unnamed (3)" msid="92273397" hostid="261" caption="&amp;lt;p&amp;gt;IPL has witnessed an increase of 3x when compared to the previous cycle | BI India&amp;lt;/p&amp;gt;"></div> <a href="https://track.sendpal.in/link/track/62abe73e4cfb1f6f0a1d3647/mail/62abe4d38b0f05df4598bb56/feature?url=https%3A%2F%2Fwww.businessinsider.in%2Fbusiness%2Fcorporates%2Fnews%2Fipl-value-jumps-3x-to-48000-crore-heres-how-much-mukesh-ambani-disney-and-times-internet-are-spending%2Farticleshow%2F92209726.cms%3Futm_source%3Dbi%26utm_medium%3Demail_newsletter%26utm_campaign%3DBusiness_Insider_Newsletter" target="_blank">Disney-Star</a> retained the rights for television for ₹23,575 crore, while India’s richest man <a href="https://track.sendpal.in/link/track/62abe73e4cfb1f6f0a1d3647/mail/62abe4d38b0f05df4598bb56/feature?url=https%3A%2F%2Fwww.businessinsider.in%2Fbusiness%2Fcorporates%2Fnews%2Fipl-value-jumps-3x-to-48000-crore-heres-how-much-mukesh-ambani-disney-and-times-internet-are-spending%2Farticleshow%2F92209726.cms%3Futm_source%3Dbi%26utm_medium%3Demail_newsletter%26utm_campaign%3DBusiness_Insider_Newsletter" target="_blank">Mukesh Ambani’s </a> Viacom18 bagged two and half bundles for ₹23,750 crore including digital, non-exclusive digital rights and a few international countries. New winner Times Internet shared the international mandate with Viacom18. <div type="image" title="unnamed (7)" msid="92273430" hostid="261" caption="&amp;lt;p&amp;gt;IPL value has nearly tripled to Rs 48,000 cr | BI India&amp;lt;/p&amp;gt;"></div> Apart from the media winners, the two biggest beneficiaries of the recently-concluded auction would be the IPL teams and their franchise owners. The economics of IPL BCCI collects massive revenues from broadcasters and Over-the-top (OTT) platforms by selling media rights. It deducts its share and a big chunk of its revenues are then shared with the IPL teams. Franchises get a guaranteed <a href="https://track.sendpal.in/link/track/62abe73e4cfb1f6f0a1d3647/mail/62abe4d38b0f05df4598bb57/feature?url=https%3A%2F%2Fwww.businessinsider.in%2Fbusiness%2Fcorporates%2Fnews%2Fzee-and-sun-tv-might-not-have-won-ipl-media-mandates-but-heres-how-they-will-benefit-from-the-ipl-auction%2Farticleshow%2F92223279.cms%3Futm_source%3Dbi%26utm_medium%3Demail_newsletter%26utm_campaign%3DBusiness_Insider_Newsletter" target="_blank">40-50% revenue share</a> (share of ₹48,000 crore for the next cycle) from IPL’s central contract revenue pool. The final winning team of the season walks home with the biggest share of BCCI profits. Now, after the latest auction, IPL value has <a href="https://track.sendpal.in/link/track/62abe73e4cfb1f6f0a1d3647/mail/62abe4d38b0f05df4598bb56/feature?url=https%3A%2F%2Fwww.businessinsider.in%2Fbusiness%2Fcorporates%2Fnews%2Fipl-value-jumps-3x-to-48000-crore-heres-how-much-mukesh-ambani-disney-and-times-internet-are-spending%2Farticleshow%2F92209726.cms%3Futm_source%3Dbi%26utm_medium%3Demail_newsletter%26utm_campaign%3DBusiness_Insider_Newsletter" target="_blank">jumped</a> by <a href="https://track.sendpal.in/link/track/62abe73e4cfb1f6f0a1d3647/mail/62abe4d38b0f05df4598bb56/feature?url=https%3A%2F%2Fwww.businessinsider.in%2Fbusiness%2Fcorporates%2Fnews%2Fipl-value-jumps-3x-to-48000-crore-heres-how-much-mukesh-ambani-disney-and-times-internet-are-spending%2Farticleshow%2F92209726.cms%3Futm_source%3Dbi%26utm_medium%3Demail_newsletter%26utm_campaign%3DBusiness_Insider_Newsletter" target="_blank">3x to ₹48,000 crore</a>, which means franchises will get a bigger cut in profits from BCCI. According to financial advisory firm Elara Capital, the average revenue of all IPL teams is likely to grow 2x in the next five years. <div type="image" title="unnamed (4)" msid="92273457" hostid="261" caption="&amp;lt;p&amp;gt;Average revenue of IPL teams| BI India&amp;lt;/p&amp;gt;"></div> For the next cycle of IPL 2023-2027, 10 teams will get on the battleground which include two new teams Gujarat Titans and Lucknow SuperGiants. The fee and revenue share for high-demand teams like Mumbai Indians, Chennai Super Kings, Delhi Capitals is more than others as they hold better revenue potential – both in terms of sponsorship and gate receipts. Elara Capital predicts that after the recent auction, Mumbai Indians’ revenue will jump by 109.1% from ₹3,836 million to ₹8,020 million and Chennai Super Kings will see their revenue jump by 124.9%. On the other hand, Royal Challengers Bangalore and <a href="https://track.sendpal.in/link/track/62abe73e4cfb1f6f0a1d3647/mail/62abe4d38b0f05df4598bb57/feature?url=https%3A%2F%2Fwww.businessinsider.in%2Fbusiness%2Fcorporates%2Fnews%2Fzee-and-sun-tv-might-not-have-won-ipl-media-mandates-but-heres-how-they-will-benefit-from-the-ipl-auction%2Farticleshow%2F92223279.cms%3Futm_source%3Dbi%26utm_medium%3Demail_newsletter%26utm_campaign%3DBusiness_Insider_Newsletter" target="_blank">SunRisers Hyderabad</a> will see the biggest hike by 133.8% and 138.4% respectively than their previous revenue collection. Among the listed companies behind key franchises, Sun TV Network, Reliance Industries, and United Spirits will witness a growth in their market capitalisation as the value of their IPL teams improve. As per a recent poll conducted by <a href="https://track.sendpal.in/link/track/62abe73e4cfb1f6f0a1d3647/mail/62abe4d38b0f05df4598bb59/feature?url=https%3A%2F%2Fbit.ly%2F3nD94g5%3Futm_source%3Dbi%26utm_medium%3Demail_newsletter%26utm_campaign%3DBusiness_Insider_Newsletter" target="_blank">Stocktwits</a>, 51% are bullish on media stocks after the <keyword id="90837" type="General" weightage="20" keywordseo="ipl-auction" source="Orion">IPL auction</keyword>. <div type="image" title="st poll" msid="92273478" hostid="261" caption="&amp;lt;p&amp;gt;Are you bullish on media stocks? | Stocktwits&amp;lt;/p&amp;gt;"></div> IPL franchises also earn from brand sponsorships, prize money, ticket sales revenue, and merchandise sales. Brand sponsorship Apart from media revenue discussed above, IPL franchises generate a sizeable part of their revenue through brand sponsorships. Franchises tie-up with brands to offer visibility to the brand by endorsing their logos on their jerseys, headgear and team kits. Bigger the logo, the more the money brand has to shell out. Teams also earn from other tournament-related marketing activities organised by their sponsors. Sponsorship revenue reportedly forms around <a href="https://track.sendpal.in/link/track/62abe73e4cfb1f6f0a1d3647/mail/62abe4d38b0f05df4598bb5a/feature?url=https%3A%2F%2Fwww.businesstoday.in%2Flatest%2Ftrends%2Fstory%2Fhow-ipl-owners-teams-franchises-make-money-all-you-need-to-know-294481-2021-04-27%3Futm_source%3Dbi%26utm_medium%3Demail_newsletter%26utm_campaign%3DBusiness_Insider_Newsletter" target="_blank">20-30%</a> of revenue for an IPL team. Ticket sales The global pandemic affected India’s biggest sporting gala in 2020 and 2021. However, it was back with a bang this year. Now that the stadiums are full of spectators again, a small portion of ticket sales will be offered to sponsors and the BCCI, the rest goes into the team’s wallet. The ticket prices are determined based on the seating capacity of the stadium, the excitement around the event, the standard of living in the city, and so on. Ticket revenue reportedly forms around <a href="https://track.sendpal.in/link/track/62abe73e4cfb1f6f0a1d3647/mail/62abe4d38b0f05df4598bb5b/feature?url=https%3A%2F%2Fwww.businessinsider.in%2Fheres-how-ipl-franchises-makemoney%2Farticleshow%2F51727135.cms%3Futm_source%3Dbi%26utm_medium%3Demail_newsletter%26utm_campaign%3DBusiness_Insider_Newsletter" target="_blank">10%</a> of revenue for IPL teams. Prize money BCCI offers a colossal amount of prize money to the winning team. In 2018, IPL champion Chennai Super Kings took home ₹20 crore in prize <a href="https://track.sendpal.in/link/track/62abe73e4cfb1f6f0a1d3647/mail/62abe4d38b0f05df4598bb5c/feature?url=https%3A%2F%2Fwww.cnbctv18.com%2Fsports%2Fipl-champion-csk-takes-home-rs-20-crore-prize-money-kkr-bags-rs-125-crore-11122742.htm%3Futm_source%3Dbi%26utm_medium%3Demail_newsletter%26utm_campaign%3DBusiness_Insider_Newsletter" target="_blank">money</a>. Merchandise sales As per a ResearchAndMarkets report, India's sports equipment and apparel market is estimated to be $28 billion in 2022 and reach $40.6 billion by 2027. Each franchise sells merchandise that includes T-shirts, Caps, Wrist watches and so on and gets a share of money collected from consumers.

How IPL Teams (Franchises) make money

The <keyword id="6354831" type="General" weightage="20" keywordseo="indian-premier-league" source="Orion">Indian Premier League</keyword> is probably one of the few businesses in India that will remain unaffected by soaring inflation, a global pandemic and rising interest rates. After the recently-concluded media rights auction, it is gonna be raining money for its <keyword id="97291" type="General" weightage="20" keywordseo="Franchises" source="Orion">franchises</keyword>. <div type="image" title="It&amp;#39;s gonna be raining money for IPL franchises" msid="92263245" hostid="261" caption="&amp;lt;p&amp;gt;It&amp;#39;s gonna be raining money for IPL franchises&amp;lt;/p&amp;gt;"></div> The Board of Control for Cricket in India (BCCI) will walk home with ₹48,390 crore after the record-breaking bidding concluded on June 14. With this, India’s biggest sporting event has witnessed an <a href="https://www.businessinsider.in/business/corporates/news/ipl-value-jumps-3x-to-48000-crore-heres-how-much-mukesh-ambani-disney-and-times-internet-are-spending/articleshow/92209726.cms">increase of 3x</a> when compared to the previous cycle, with the National Football League ahead by a small margin at <a href="https://www.businessinsider.in/business/corporates/news/ipl-value-jumps-3x-to-48000-crore-heres-how-much-mukesh-ambani-disney-and-times-internet-are-spending/articleshow/92209726.cms">$17 million.</a> <div type="image" title="IPL has witnessed an increase of 3x when compared to the previous cycle" msid="92263276" hostid="261" caption="&amp;lt;p&amp;gt;IPL has witnessed an increase of 3x when compared to the previous cycle&amp;lt;/p&amp;gt;"></div> <a href="https://www.businessinsider.in/business/corporates/news/ipl-value-jumps-3x-to-48000-crore-heres-how-much-mukesh-ambani-disney-and-times-internet-are-spending/articleshow/92209726.cms">Disney-Star</a> retained the rights for television for ₹23,575 crore, while India’s richest man <a href="https://www.businessinsider.in/business/corporates/news/ipl-value-jumps-3x-to-48000-crore-heres-how-much-mukesh-ambani-disney-and-times-internet-are-spending/articleshow/92209726.cms">Mukesh Ambani’s</a> Viacom18 bagged two and half bundles for ₹23,750 crore including digital, non-exclusive digital rights and a few international countries. New winner Times Internet shared the international mandate with Viacom18. <div type="image" title="IPL value has nearly tripled to `48,000 cr" msid="92263293" hostid="261" caption="&amp;lt;p&amp;gt;IPL value has nearly tripled to `48,000 cr&amp;lt;/p&amp;gt;"></div> Apart from the media winners, the two biggest beneficiaries of the recently-concluded auction would be the <keyword id="6354312" type="General" weightage="100" keywordseo="ipl" source="Orion">IPL</keyword> teams and their franchise owners. The economics of IPL BCCI collects massive revenues from broadcasters and Over-the-top (OTT) platforms by selling media rights. It deducts its share and a big chunk of its revenues are then shared with the IPL teams. Franchises get a guaranteed <a href="https://www.businessinsider.in/business/corporates/news/zee-and-sun-tv-might-not-have-won-ipl-media-mandates-but-heres-how-they-will-benefit-from-the-ipl-auction/articleshow/92223279.cms">40-50% revenue share</a> (share of ₹48,000 crore for the next cycle) from IPL’s central contract revenue pool. The final winning team of the season walks home with the biggest share of BCCI profits. Now, after the latest auction, IPL value has <a href="https://www.businessinsider.in/business/corporates/news/ipl-value-jumps-3x-to-48000-crore-heres-how-much-mukesh-ambani-disney-and-times-internet-are-spending/articleshow/92209726.cms">jumped </a>by <a href="https://www.businessinsider.in/business/corporates/news/ipl-value-jumps-3x-to-48000-crore-heres-how-much-mukesh-ambani-disney-and-times-internet-are-spending/articleshow/92209726.cms">3x to ₹48,000 crore</a>, which means franchises will get a bigger cut in profits from BCCI. According to financial advisory firm Elara Capital, the average revenue of all IPL teams is likely to grow 2x in the next five years. <div type="image" title="Average revenue of IPL teams" msid="92263336" hostid="261" caption="&amp;lt;p&amp;gt;Average revenue of IPL teams&amp;lt;/p&amp;gt;"></div> For the next cycle of IPL 2023-2027, 10 teams will get on the battleground which include two new teams Gujarat Titans and Lucknow SuperGiants. The fee and revenue share for high-demand teams like Mumbai Indians, Chennai Super Kings, Delhi Capitals is more than others as they hold better revenue potential – both in terms of sponsorship and gate receipts. Elara Capital predicts that after the recent auction, Mumbai Indians’ revenue will jump by 109.1% from ₹3,836 million to ₹8,020 million and Chennai Super Kings will see their revenue jump by 124.9%. On the other hand, Royal Challengers Bangalore and <a href="https://www.businessinsider.in/business/corporates/news/zee-and-sun-tv-might-not-have-won-ipl-media-mandates-but-heres-how-they-will-benefit-from-the-ipl-auction/articleshow/92223279.cms">SunRisers Hyderabad</a> will see the biggest hike by 133.8% and 138.4% respectively than their previous revenue collection. Among the listed companies behind key franchises, Sun TV Network, Reliance Industries, and United Spirits will witness a growth in their market capitalisation as the value of their IPL teams improve. As per a recent poll conducted by <a href="https://bit.ly/3nD94g5">Stocktwits</a>, 51% are bullish on media stocks after the IPL auction. <div type="image" title="Are you bullish on media stocks?" msid="92263366" hostid="261" caption="&amp;lt;p&amp;gt;Are you bullish on media stocks?&amp;lt;/p&amp;gt;"></div> <keyword id="99282" type="General" weightage="20" keywordseo="IPL-franchises" source="Orion">IPL franchises</keyword> also earn from brand sponsorships, prize money, ticket sales revenue, and merchandise sales. Brand sponsorship Apart from media revenue discussed above, IPL franchises generate a sizeable part of their revenue through brand sponsorships. Franchises tie-up with brands to offer visibility to the brand by endorsing their logos on their jerseys, headgear and team kits. Bigger the logo, the more the money brand has to shell out. Teams also earn from other tournament-related marketing activities organised by their sponsors. Sponsorship revenue reportedly forms around <a href="https://www.businesstoday.in/latest/trends/story/how-ipl-owners-teams-franchises-make-money-all-you-need-to-know-294481-2021-04-27">20-30%</a> of revenue for an IPL team. Ticket sales The global pandemic affected India’s biggest sporting gala in 2020 and 2021. However, it was back with a bang this year. Now that the stadiums are full of spectators again, a small portion of ticket sales will be offered to sponsors and the BCCI, the rest goes into the team’s wallet. The ticket prices are determined based on the seating capacity of the stadium, the excitement around the event, the standard of living in the city, and so on. Ticket revenue reportedly forms around <a href="https://www.businessinsider.in/heres-how-ipl-franchises-makemoney/articleshow/51727135.cms">10%</a> of revenue for IPL teams. Prize money BCCI offers a colossal amount of prize money to the winning team. In 2018, IPL champion Chennai Super Kings took home ₹20 crore in prize <a href="https://www.cnbctv18.com/sports/ipl-champion-csk-takes-home-rs-20-crore-prize-money-kkr-bags-rs-125-crore-11122742.htm">money</a>. Merchandise sales As per a ResearchAndMarkets report, India's sports equipment and apparel market is estimated to be $28 billion in 2022 and reach $40.6 billion by 2027. Each franchise sells merchandise that includes T-shirts, Caps, Wrist watches and so on and gets a share of money collected from consumers.

SIMPLY PUT: How IPL franchises make money

<ul class="summary-list"><li>Air India is undergoing a complete transformation after years of decline under government control.</li><li>The airline has ordered hundreds of new aircraft and is investing <a target="_blank" href="https://www.businessinsider.com/air-india-new-airbus-a350-big-improvement-tour-review-2024-1">$400 million in cabin retrofits</a>.</li></ul>Between 1932 and 2021, <a target="_blank" href="https://www.businessinsider.com/air-india-ownership-comes-full-circle-tata-sons-bid-win-2021-10">Air India went from being the gold standard of aviation</a> under the Tata Group to a nationalized airline in complete disarray.People flying Air India's older planes routinely faced bad customer service, poor reliability, dirty cabins, and broken seats patched with duct tape. <a target="_blank" href="https://www.businessinsider.com/air-india-business-class-a350-compared-to-777-legacy-2024-2?mrfhud=true">Even in business class.</a>The downfall started in 1953 when the Indian government took over, stripping control away from the Tata Group.However, with government ownership proving disastrous and Air India in desperate need of modernization, the Tatas announced a deal to buy the company back in 2021 and quickly got to work with a completely new brand identity. "The list of things to do at Air India, and the list of opportunities ahead of us, are astonishing," the airline's new CEO, Campbell Wilson, told Business Insider in January. "And, in most of these cases, it is not a matter of 'Is there a case to do it?' but 'What do we do first?'"Some of the changes are less in-your-face, like an updated mobile app and website and a new inflight safety <a target="_blank" href="https://www.youtube.com/watch?v=al51WZcN2_U">video</a>.However, customers will soon start seeing the "new Air India" everywhere, thanks to the Tata Group's huge multimillion-dollar investments in its planes, products, and people.<h2>A record Airbus and Boeing order</h2><div type="image" title="The author standing in front of the Air India A350." height="3024" width="4032" msid="108073593" hostid="261" sizebytes="951578"></div>At the Paris Airshow in June 2023, <a target="_blank" href="https://www.businessinsider.com/airbus-boeing-record-order-500-planes-india-airline-indigo-report-2023-6">Air India announced orders for a record 470 Airbus and Boeing</a> aircraft, including 40 Airbus A350s, 20 Boeing 787 Dreamliners, 10 Boeing 777Xs, 140 Airbus A320neos, 70 Airbus A321neos, and 190 Boeing 737 Maxs.The aircraft, worth an estimated $70 billion at list price, will sport <a target="_blank" href="https://www.airindia.com/content/dam/air-india/about-us/pdf/AirIndia-Ournewbrand.pdf">Air India's new livery and logo</a>.The latter is known as "The Vista." Air India says it's "inspired by the peak of the gold window frame" and signifies "limitless possibilities, progressiveness, and the airline's bold, confident outlook for the future."<div type="image" title="The gold Vista logo on a purple inflight menu." height="2323" width="3097" msid="108073595" hostid="261" sizebytes="677462"></div>The <a target="_blank" href="https://www.businessinsider.com/air-india-business-class-a350-compared-to-777-legacy-2024-2">first delivery was an Airbus A350-900</a> in December. The new plane launched on domestic routes, like Bengaluru and Mumbai, in January and will eventually launch overseas, Air India says. It's very likely to fly to the US, though Air India has yet to release specific cities."We are proud to be working with all our partners in this journey to rebuild a global airline which reflects India taking a more confident posture around the world," Wilson said. <h2>Passenger comfort is getting a much-needed refresh</h2><div type="image" title="Air India new business class." height="3024" width="4032" msid="108073597" hostid="261" sizebytes="1079636"></div>The legacy cabins on Air India's Boeing 777 and Boeing 787 aircraft haven't seen an upgrade in years and are some of the main reasons the airline has such a poor reputation. Travelers regularly <a target="_blank" href="https://www.businessinsider.com/air-india-economy-cabin-i-flew-miserable-bad-seats-review-2024-2">complain of things like the in-flight entertainment not working</a> and stains on the carpet. Air India's business class is also way behind industry standards.Most notably, business sports a 2×3×2 layout — meaning travelers can still be assigned a dreaded middle seat. This also means those sitting in the center and window seats do not have direct aisle access.<div type="image" title="Air India's legacy business class, 2x3x2 with yellow seats." height="3024" width="4032" msid="108073601" hostid="261" sizebytes="1276846"></div>This is unlike many other airlines that have upgraded their business class over the years to offer more privacy and convenience, like adding sliding doors and opting for a 1×2×1 seat configuration.For example, Qatar Airways has added a unique quad-seating feature in its famous Q-Suite. Meanwhile, Delta Air Lines offers business class with sliding doors, and <a target="_blank" href="https://www.businessinsider.com/10-rare-things-on-passenger-airlines-like-bidets-showers-bars-2023-5">Emirates offers an inflight bar and lounge</a> for its premium customers flying on its Airbus A380.<div type="image" title="Qatar Q Suite" height="682" width="1024" msid="108073603" hostid="261" sizebytes="57194"></div>Air India, however, now has to play catch-up — and it's investing <a target="_blank" href="https://www.businessinsider.com/see-new-luxury-cabins-air-india-retrofit-onto-boeing-777-2023-8">$400 million to retrofit its legacy widebody planes</a>.<div type="image" title="Air India economy cabin." height="3024" width="4032" msid="108073606" hostid="261" sizebytes="545256"></div>Wilson, Air India's CEO, said he wants to compete with the likes of Qatar and Emirates and has taken inspiration from their successful products.Some of that can be seen in upgraded cabins on the A350, where business-class seats have privacy doors and closets, for example, with access to a small bar behind the section. The plane also sports premium economy and upgraded coach seats.<div type="image" title="New economy cabin on Air India with red seats and grey headrests." height="3024" width="4032" msid="108073607" hostid="261" sizebytes="692510"></div>"By the end of 2025, the entire legacy widebody fleet will also be upgraded to match what we're getting on the A350," Wilson told BI, "So, essentially, our fleet will be completely reborn by then."<h2>Flight attendants and pilots are getting a makeover</h2>In December, Air India released photos of its new crew <a target="_blank" href="https://www.airindia.com/content/dam/air-india/pdfs/media-centre/media_release_air_india_unveils_new_uniforms_for_crew_12_Dec_2023.pdf">uniforms</a>.Created by Indian designer Manish Malhotra, the collection features the airline's new red- and purple-heavy color scheme with items like a ready-to-wear saree (which can be worn with pants) for female flight attendants and a bandh gala for male flight attendants.Pilots will sport a black suit with the Vista logo, "signifying professionalism, timelessness, and the gravitas of the flying profession."<div type="image" title="Air India new cabin crew and pilot uniforms. Six people are in the photo." height="1334" width="2000" msid="108073608" hostid="261" sizebytes="141286"></div>"We are confident that our new crew uniforms will rise to the heightened expectations, distinctly making a statement that defines the very best of Indian heritage and hospitality," Air India said in a press release. The new uniforms were deployed with the launch of the new A350. Ground staff, engineers, and security personnel are also set to get new uniforms, which Air India said it will reveal in "due course."

Air India is rebranding after years of decline. Here are the biggest changes, from updated uniforms to swanky new Airbus A350s.

New Delhi, Netflix show "Scoop" and its lead star <keyword id="3991" type="General" weightage="20" keywordseo="karishma-tanna" source="Orion">Karishma Tanna</keyword> are nominated for the <keyword id="18746709" type="General" weightage="20" keywordseo="Asia-Contents-Awards-Global-OTT-Awards" source="Orion">Asia Contents Awards &amp; Global OTT Awards</keyword> 2023, the organisers announced on Tuesday. According to its official website, Asia Contents Awards &amp; Global OTT Awards is an annual event to celebrate the achievements of excellent content made for TV, OTT, and online across Asia. It is organised by Busan International Film Festival and Korea Radio Promotion Association. While "Scoop" has secured a nomination in the Best Asian TV Series, Tanna is vying for the Best Lead Actress trophy at the awards. "Scoop" follows Jagruti Pathak (Tanna), a star crime reporter at a Mumbai newspaper, who makes headlines after she is accused of her rival Jaideb Sen's murder. The critically-acclaimed Hindi language series, created by Hansal Mehta and Mrunmayee Lagoo Waikul, premiered on Netflix in June. Mehta, also director of the series, congratulated the team for this "great honour". Backed by Indian production banner Matchbox Shots, the show is inspired by Jigna Vora's biographical book "Behind the Bars In Byculla: My Days in Prison". "#Scoop on @NetflixIndia nominated for ACA and Global OTT Awards. - Best Asian Series - Best Actress @KARISHMAK_TANNA... A great honour for the entire team. This is all because of them. Congratulations partner in crime @mrunmayeelagoo @MatchboxShots," Mehta said in a post on X. In the Best Asian TV Series category, "Scoop" will compete with "The Black Yard" (Kazakhstan), "Not Others" (South Korea), "Delete" (Thailand), and "Taiwan Crime Stories" (Taiwan). Besides Tanna, other Best Lead Actress nominees are South Korean star Song Hye-kyo ("The Glory"), Hollywood star <keyword id="76399" type="General" weightage="50" keywordseo="zoe-saldana" source="Orion">Zoe Saldana</keyword> ("Special Ops: Lioness), Singaporean star Rebecca Lim ("Third Rail"), and Malaysian actor Emily Chan ("The Patient"). The Asia Contents Awards &amp; Global OTT Awards 2023 will be held on October 8 at the BIFF Theater, Busan Cinema Center, during the course of the Busan International Film Festival, which runs through October 4 and October 13. Indian films also will have a strong presence at the 28th edition of the upcoming film gala, which will see premieres of several titles such as "Rocky Aur Rani Kii Prem Kahani", "Joram", "Agra", and "Against The Tide".

Scoop's Karishma Tanna nominated for top honours at Asia Contents Awards & Global OTT Awards

A complete timeline of Nick Jonas and Priyanka Chopra's relationship

The glam squad was panicking. I was in Paris and <a target="_blank" rel="noopener" href="https://www.insider.com/inside-le-bal-des-debutantes-attended-by-stars-and-royals-2022-12">Le Bal des Débutantes</a>, the world's most exclusive debutante ball, was just 48 hours away.At the end of a long hallway at the Shangri-La Hotel, once the palatial residence of a descendant of Napoleon Bonaparte, 18 young women were preparing for their society debuts.Pushed against cream-colored walls, Hollywood mirrors lined with light bulbs illuminated the participants' faces. The soon-to-be debutantes — with some wearing plush, monogrammed robes with matching slippers — sat back in gold chairs as makeup artists, armed with a vast collection of Nars cosmetics, got to work.<div type="image" title="Teale Burrell sits in a gold chair as a makeup artists applies makeup to her face." height="2113" width="2510" msid="105236588" hostid="261"></div>It was a trial run before the main event, but there was a hum of excited chatter among the girls. Most were meeting for the first time. Some descended from ancient royal dynasties; others were children of entertainment titans or business moguls.The rehearsal seemed to be going smoothly, but there was a problem — one of the girl's diamond-encrusted tiara refused to stay put.Teale Burrell had a solution in mind. The day before, she'd been playing with some fishing wire — which is malleable, transparent, and strong — and thought it would be perfect for securing the diadem in place.Then 17, Teale was one of the youngest debutantes in Le Bal's 2022 class.She was also my ticket to the glitzy event, where I spent an evening as a fly on the wall — witnessing displays of staggering wealth and privilege, unlike anything I'd seen before.A year later, it's still a night I'll never forget.<h2>A 21st-century debutante</h2>Before following Teale to Le Bal, the closest I'd been to a debutante ball was seeing them on TV shows like "The Summer I Turned Pretty" and movies like "She's the Man."What I saw onscreen gave me pause. The pageantry struck me as outdated and slightly demeaning. Who, I wondered, would take part in something like that today?I found my answer in Teale, dubbed "the English Rose" by Le Bal's organizers.Along with her younger brother, Bertie, she grew up in the UK, bouncing between her family's homes in Sussex, in southeast England; West London; and Scotland. Her mother, Lady Louise Burrell, is the daughter of the late 12th Duke of Argyll, Ian Campbell. Campbell, who died in 2001, was thought to be among the wealthiest men in the UK in the 1970s, having amassed a wealth of £87 million, as <a target="_blank" href="https://www.theguardian.com/news/2001/apr/23/guardianobituaries2">The Guardian</a> reported in his obituary. It also made reference to the family's ancestral home, a palatial Scottish residence near Loch Fyne known as <a target="_blank" href="https://www.inveraray-castle.com/#">Inveraray Castle</a> with roots dating back to the 1700s.Teale spent some of her childhood visiting Scotland but attended a private girls boarding school in England where uniforms were mandatory, cliques ran rampant, and most of the students came from money. Once, Teale told me, a school friend casually discovered a Cartier ring — which cost upward of $790 — in the pocket of her pajamas.Teale wasn't out of place at a high-society event (her mom holds the title of "lady," after all), but she also wasn't quite what I'd pictured.<div type="image" title="Teale Burrell wearing jeans and a sweater sitting on a couch at her home in West London." height="2325" width="3332" msid="105236589" hostid="261"></div>The first time we met was at her family's multi-storied house that the British real-estate site Zoopla estimates costs over £3 million (around $3.6 million) on a quiet street in West London. It was the day of her dress fitting for Le Bal, over a month away.Teale excitedly greeted me at the front door, wearing jeans and a navy sweater over a white, collared shirt. Her red hair was tied in a lopsided bun.<div type="image" title="debutante le bal Teale" height="859" width="620" msid="105236591" hostid="261"></div>As we waited for the dress to arrive in her living room, Teale — who spent a lot of her childhood at her family's farm in the British countryside — told me she'd always felt at home "outdoors doing mostly practical things, from working with machinery to riding horses to just messing around in mud."But we wouldn't be doing any of that. Minutes after I arrived, the doorbell rang. The dress was here — an item so prized it was delivered by a member of the Fovari team in person.We all rushed down to the family kitchen where Teale, surrounded by marble countertops, heirloom paintings, and an empty dog bed, tried on her gown for the first time.The Fovari dress was handcrafted from blush silk organza and took between 80 and 100 hours to make. It also carried a hefty price tag: €25,000, or about $26,500. Teale would wear it only once.Just like Cinderella's, the gown was massive, engulfing Teale in layers of tulle and chiffon. But once the fabric settled, it was clear the bodice fit her like a glove."I can't get over this," Teale said, taking in her appearance in a floor-length mirror.The unassuming teenager I had spoken to moments before was no longer in the room. In her place, was someone who seemed prime to walk up the Met Gala steps.<div type="image" title="debutante le bal Teale" height="1280" width="1032" msid="105236592" hostid="261"></div><h2>Le Bal is no ordinary debutante ball</h2>Teale's debutante journey started out like any good fairy tale: with a call from a fairy godmother.In this story, that's Ophélie Renouard, who founded Le Bal in 1994 with a mission to resurrect a 200-year-old tradition that started in the UK. In their heyday, debutante balls had one purpose: to parade women in front of the denizens of high society with the aim of finding a suitable marriage partner.The organizers of Le Bal don't shy away from the historical origin of the event. But when I first spoke to Renouard over the phone ahead of last year's event, she wanted to make clear that her event had evolved.<div type="image" title="Le Bal founder Ophélie Renouard at the premiere of &quot;Ultrasuede: In Search of Halston,&quot; in London." height="960" width="1280" msid="105236595" hostid="261"></div>The event is now focused on giving back, she told me. In recent years, Le Bal has partnered with humanitarian groups like the Seleni Institute, which works to provide resources to improve perinatal mental health, Enfants d'Asie, which promotes women's education in Southeast Asia, and the World Central Kitchen, which provides meals to communities in crisis.Debutantes are also no longer required to wear white dresses to symbolize their virginity. And, Renouard said, no one can buy their way into the event."I get requests every week. People say, 'I want my daughter to go to the ball. How much does it cost? Blah, blah, blah.' It doesn't cost anything," Renouard told me in 2022. "I invite people because I find them interesting and because we can tell a story about them."More often than not, that "story" is about the debutante's family. From what I gathered, that also means they tend to be rich, royal, or famous.Previous generations of Le Bal debutantes include Lily Collins, the daughter of the musician Phil Collins; former President George H.W. Bush's granddaughter Lauren Bush; and Ava Phillippe, Reese Witherspoon's daughter.<div type="image" title="Les Bal des Débutantes in Paris, France in 1900." height="4699" width="6606" msid="105236839" hostid="261"></div>Teale's class of debutantes, pulled together in the summer of 2022, was no different. They included Leah Behn, the daughter of Princess Martha Louise of Norway, who made her debut in a powder-pink, one-shouldered Giambattista Valli gown, and Annabel Zimmer, who wore an edgy gray Jean Paul Gaultier dress featuring a glittery red heart.Ahead of this year's ball on November 25, Renouard is gradually announcing a new class of debutantes. Unsurprisingly, they also come from wealthy families. So far the list includes Liza Webster, the daughter of former US President Bill Clinton's chief of staff, and Advaitesha Birla, the daughter of an Indian billionaire industrialist.<h2>No one's there to find a husband</h2>The motivations among those taking part are also very different from the debutantes in the 18th century. None of the debutantes I spoke to last year at Le Bal were there to find a husband.On the day of the trial run, I spent a few minutes chatting to Princess Martha Louise while we watched her daughter Leah — a debutante like Teale — pose for photos that would land in glossy lifestyle magazines. The princess told me how debutante balls of the past were "basically used to marry off the young women to be dependent on men their entire lives." Today's debutantes are independent, she said.<div type="image" title="debutante le bal Teale" height="1280" width="960" msid="105236841" hostid="261"></div>Teale had her own reasons for saying yes to Le Bal."What really drew me to it is just the whole adventure behind it," Teale said. "It's something you don't get to do every day."Perhaps more importantly, going to Le Bal was an opportunity for Teale to let loose — if only for a night — six months after losing her dad to pancreatic cancer."It's like going away on holidays," she said. "When you're out on holiday, you leave all your problems at home."His death forced her to grow up fast and in ways she didn't expect, Teale told me. It also put a lot into perspective. "You suddenly realize what is important and what isn't," she said.<h2>Cinderella arrives</h2>As my Uber pulled into the Shangri-La the night of Le Bal, two concerns ran through my mind: Would I stick out like a sore thumb in the black floral gown I'd borrowed from a friend at the last minute, and could I walk in my new £40 heels?One wobbly step in front of the other, I made it to the entrance, where a doorman ushered me inside to a whole new world of luxury.Hundreds of guests in floor-length dresses and classic tuxedos ascended a curved, white marble staircase, adorned with large pink roses and candles.<div type="image" title="The hotel was decorated with florals on the evening of Le Bal." height="3529" width="2603" msid="105236842" hostid="261"></div>At the top of the stairs, an orchestra made up of three violinists and one cellist welcomed us into the ballroom. Chandeliers glittered from above, illuminating the decorative gold-and-marble cornice around the 20-foot-tall ceiling.As guests sipped on sparkling wine served in glass flutes, the chatter in the ballroom grew louder. At about 10 p.m. the sound of a bell signaled the start of dinner.I recognized at least one of the guests — Hans Zimmer, the famed Hollywood composer.Later in the evening, I'd laugh to myself as he and his daughter Annabel cracked up while trying to remember the steps of the waltz during the father-daughter dance.Zimmer disappeared into the main dining room along with other parents of debutantes and VIPs. Everyone else, myself included, was sent off to separate, smaller side rooms separated by large archways.<div type="image" title="A handwritten place card designated the seating arrangements." height="960" width="1280" msid="105236844" hostid="261"></div>I found my seat at a table in the corner along with other reporters and editors, most of whom had been to Le Bal at least once or twice before. As we dug into our unmemorable three-course meal, some of them gushed about past events, regaling the table with stories of celebrities' debuts and predicting what each debutante would wear.Whispers spread that one of the debutantes was wearing a piece of jewelry from Marie Antoinette's collection — the same Antoinette who was beheaded for her royal life of excess while the French population starved.If anyone picked up on the irony, no one said it aloud.<h2>Finally, the long-awaited debut</h2>After dinner, the moment we'd all been waiting for finally arrived, as the master of ceremonies called everyone's attention to each debutante's entrance.Every time a name was announced, along with the debutante's cavaliers (their male counterparts), the room erupted into applause as the young women made their way around each table to electronic-pop music more suited for a runway show.Meanwhile, the emcee listed their achievements and the names of their parents.There were no surprises in the lineup — royals, aristocrats, children of Hollywood icons. Some of the debs appeared perfectly comfortable being the center of attention, while others looked like deer caught in headlights.Then, it was Teale's turn.With her hair swept into a chic updo, she walked into the room, tightly gripping the hand of Archie Campbell, her cousin and cavalier, who sported a traditional Scottish kilt.<div type="image" title="debutante le bal Teale" height="1280" width="960" msid="105236846" hostid="261"></div>Later in the evening, standing on a balcony with sweeping views of the Eiffel Tower, Teale took a drag from a cigarette, taking care not to get ash on her couture gown. She told me she had zero memories of her entrance, having blacked out from the nerves.When the clock struck midnight, guests cavorting around the dining room, bars, and terrace gathered in the ballroom for the traditional father-daughter waltz.Teale stood by as a French princess kicked off the dance at the center of the ballroom with her dad.I noticed Teale's eyes glistening, perhaps thinking about her own father, as she watched the pair glide around the room, swaying in unison to Strauss' "The Blue Danube."Minutes later, all the debutantes stepped onto the dance floor with their cavaliers as classical string music reverberated in the ballroom.For a brief moment, I felt lost in time watching modern-day princesses dance with princes. Natasha Connery and Harper Peck, the grandchildren of Sean Connery and Gregory Peck, respectively, swayed to the music together.<div type="image" title="HRH Princess Hélène of Orleans dancing with her father, Prince Charles Louis of Orléans, at Le Bal." height="3008" width="3008" msid="105236847" hostid="261"></div>Mid-dance, I spotted Teale wearing a pair of scuffed-up sneakers, almost concealed by her floor-length gown."They were some gross trainers that have been worn to death," Teale told me, revealing she'd snuck off to change her shoes because her feet were in so much pain from wearing heels she'd cried.As the night waned, it became crystal clear that I was still in the 21st century.Every so often, I spotted a camera flash — debutantes taking selfies and documenting the evening in photos, BeReals, and TikToks. Among them was a video <a target="_blank" rel="noopener" href="https://www.tiktok.com/@dollypartonfan89/video/7174196589798477098">uploaded by</a> Annabel Zimmer that showed the debutantes' day looks. The video, which later racked up over 2.8 million views on TikTok, then cut to them modeling their couture gowns.Le Bal came to a close in the early hours of the morning with a handful of parents dancing to "September" by Earth, Wind, and Fire. Their kids, however, had ditched their couture for regular clothes and were now gathered in the lobby to call Ubers and party in Paris.For them, the night was only starting. "We didn't go to bed," Teale told me on a call days after Le Bal, her voice still hoarse from partying until 6 a.m.<h2>The end of a fairy tale</h2>Nearly a year after Le Bal, Teale warns me: "It's not gonna be the story you're probably wanting to hear."Now 18, Teale is calling me from Les Roches, a prestigious hospitality school in the mountains of Switzerland where she's started her first year of university, hoping to carve out a career in the industry and help make it more sustainable. I wanted to know how she felt looking back on her time at the event and if she would do it again."I loved all of it. Every single moment," she said.But when she got home, reality hit.<div type="image" title="debutante le bal Teale" height="1024" width="768" msid="105236849" hostid="261"></div>Following the publication of magazine spreads and viral TikToks, Teale received unwanted attention, including a few marriage proposals from strangers, along with comments from people criticizing the event as "old-fashioned" and classist."I would be saying the same thing if I wasn't there, seeing a bunch of girls in fantastic jewelry, fantastic dresses, walking around a room, being silly," she said. "I would be so jealous. I'd be like, 'Why can't I be doing that?'"A wave of grief also hit her in the weeks after Le Bal as she struggled to deal with her father's death. Combined with the stress of finals, it resulted in what she describes as a "breakdown" over the holidays.It wasn't the ending I expected to hear from Teale, though Teale added that most of the comments directed toward her online were positive, which gave her a much-needed "mental confidence boost."Le Bal also opened a new chapter for Teale and her mother, a former debutante herself."After Paris, she realized how actually grown up I was," Teale said. "She suddenly related to my head space for the first time in a long time."Teale's Cinderella story is over, but for others, it's just beginning.In a few days, Le Bal 2023 will welcome a whole new class of teenage debutantes. Just as Teale did, they'll feel like they've stepped into a fairy tale.But, as Teale aptly pointed out, fairy tales don't last forever. They end.

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