Olympic broadcast rights in chaos after $90 million network bid rejected
The International Olympic Committee is seeking to entirely repackage the Olympic broadcasting proposal being offered to Australia, after rejecting the latest network bid for the rights worth $90 million.
A $90 million bid has been refused by the IOC
The IOC has told Australian networks that the Australian broadcast rights will repackage its deal as a single package to include the forthcoming Rio 2016 Games, the 2018 winter and the 2020 Summer Games, for which a host city has not yet been selected.
The Drum understands that networks do not favour the conjoined package, and consequently the IOC is considering brokering a deal for the Rio package alone.
Network Ten is broadcasting the Glasgow Commonwealth Games in 2014.