IOC Awards European Broadcast Rights to Discovery for 2018–2024 Olympics in €1.3bn Deal
June 29, 2015
The International Olympic Committee (IOC) has awarded all TV and multi-platform broadcast rights in Europe for the four Olympic Games from 2018–2024, to Discovery Communications, the parent company of Eurosport.
Discovery will pay €1.3 billion for the exclusive rights across all platforms, including free-to-air television, subscription/pay-TV television, internet and mobile phone in all languages across 50 countries and territories in Europe.
As per IOC rules, the channel will broadcast a minimum of 200 hours of the Olympic Games and 100 hours of the Olympic Winter Games on free-to-air television during this period.
Discovery will also sub-licence a portion of the rights in several markets across Europe.
IOC President Thomas Bach said: “This is a significant agreement for Discovery and the IOC, and we are excited to have Eurosport, the pan-European home of Olympic sports, as a partner.
“This agreement ensures comprehensive coverage of the Olympic Games across Europe, including the guarantee to provide extensive free-to-air television coverage in all territories.
“Discovery and Eurosport have demonstrated a major commitment to the Olympic Games, to Olympic sports and to the future of the Olympic Movement. The revenue generated from this long-term partnership will be redistributed by the IOC across the Olympic Movement to support the development of sport around the world.
“Discovery and Eurosport have also made an exciting commitment to partner with the IOC to develop the new Olympic Channel across Europe.”
Discovery Communications President and CEO David Zaslav added: “Today is a historic day as we proudly add the Olympic rings to Discovery Communications’ portfolio of offerings.
“The long-term programming commitment with President Bach and the IOC reaffirms Eurosport’s position as the leader in sports across Europe, and will significantly enhance Eurosport’s presence on all platforms.
“With Eurosport’s proud and long-standing tradition of broadcasting many winter and summer sports showcased during the Olympics, adding the Olympic Games, the greatest live event in the world, is a perfect editorial and strategic fit.
“But most of all, this new partnership is an exciting win for European sports fans as we will deliver record amounts of content across platforms to ensure the Olympic flame burns bright all year long.”
The agreement covers the Winter Olympic Games in PyeongChang in 2018, the 2020 summer Olympics in Tokyo, as well as the Olympic Games in 2022 and 2024.