NBCU wins Olympic rights until 2032

The International Olympic Committee (IOC) has awarded NBCUniversal (NBCU) the broadcast rights in the USA for the Olympic Games through to 2032. NBCU paid $7.75 billion for the rights.

The agreement is a major contribution to the long-term financial stability of the entire Olympic Movement. The IOC distributes more than 90 per cent of the revenue it generates to support the International Sports Federations; the 204 National Olympic Committees and their Olympic teams; and the Organising Committees of each Olympic Games.

IOC President Thomas Bach, who led the negotiations, said: “This agreement is excellent news for the entire Olympic Movement as it helps to ensure its financial security in the long term, in particular future host cities of the Olympic Games, the athletes of the 204 National Olympic Committees and the International Sports Federations. The IOC has worked in close partnership with NBC for many decades, and we are thrilled we will continue to work with them through to 2032. NBC’s expertise in sports broadcasting, as well as their passion for the Olympic values, will mean we shall be able continue to offer first-class broadcast coverage of the Olympic Games to the widest possible American audience for many years to come.”

Source: http://cablequest.org/news/international-news/item/4798-nbcu-wins-olympic-rights-until-2032.html
Source: http://cablequest.org/news/international-news/item/4798-nbcu-wins-olympic-rights-until-2032.html