IOC sells Japan 2014, ’16 Games rights for $472M

7 years ago by in Featured, Japan

LAUSANNE, Switzerland (AP) — The IOC awarded Japanese broadcast rights to the 2014 and 2016 Olympics to a national consortium on Friday in a deal worth 36 billion yen ($472 million).

The Japan Consortium includes state broadcaster NHK and the National Association of Commercial Broadcasters of Japan.

Four years ago, the same group paid 32.5 billion yen (worth $426 million at today’s rates) for rights to the 2010 Vancouver Winter Games and 2012 London Olympics.

International Olympic Committee President Jacques Rogge said in a statement that the IOC is “delighted to continue our long-term relationship with the Japan Consortium.”

The 2014 Winter Games will be held in Sochi, Russia. Rio de Janeiro will host the 2016 Summer Games.

 

Copyright 2012 The Associated Press.