Pastrana Signs On To Wear Nitro Circus Gear ESPN, DraftKings End Exclusive Advertising Deal Falcons' Blank Has Prostate Cancer Disney's Iger Argues Again For ESPN Univ. Of Memphis Wants To Renegotiate Lease Lions Consider Reducing Number Of Suites David Beckham Seeks Equity Partners For MLS Miami Fox Sports, Villanova Ink Multimedia Rights Deal NASCAR Charters A Financial Boon For Teams Classified Advertisements
NBC Secures U.S. Olympic TV Rights Through '20 With $4.38B Bid
Published June 7, 2011
The amount NBC has committed to pay is significant, considering that it will be the first time a U.S. rightsholder would have paid a multibillion-dollar rights fee without the USOC planning to bid to host an Olympic Games. In '03, the last time the IOC sold the rights, N.Y. was bidding to host the '12 Olympics that London eventually won. As of now, the USOC does not plan to go forward with a bid for '20. It is currently focused on renegotiating its revenue-sharing agreement with the IOC. The two have been locked in negotiations over the USOC's 12.75% share of U.S. TV rights and 16% of worldwide sponsorships for the last three years.
Importantly, NBC Sports Chair Mark Lazarus said that the network will turn a page on its history of tape delays to offer every event live "on one platform or another." NBC plans to continue packaging some events for primetime in an effort to "garner the most viewers, the biggest groups, the shared experience of families coming together to watch the Olympic Games."
Read the full story.