Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Alibaba’s wholly-owned video platform Youku announced yesterday (August 1) that it has acquired the internet media rights to the 2016 Rio Olympics.
This news follows Tencent’s announcement of acquiring similar rights, distributed by CCTV 5, the media rights holder of the Rio Olympics in China.
In the year 2012, the International Olympic Committee sold the TV rights in China for the 2014 and 2016 Olympics to CCTV for an estimated $160 million.
Though the financial terms of the deals have not been disclosed, it is thought to be worth RMB100 million (about US$15.07m) each.
It is reported that Youku will launch a bespoke channel “Cheers, Rio!” as part of its partnership with Alisports. This channel, together with its title sponsor Snow Beer, is set to provide fans in China with the 17-day Olympic Games through its online channels. Viewers in China will have access to delayed broadcasts of 938 events
Source: Youku
Proofread by Sean O Diobhilin
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
SportAccord 2024 - sport as a ‘powerful, transformative tool’ under spotlight at CityAccord
29 Mar 2024 20:16
Related coverage
Report: 2016 Rio Olympics TV Broadcasting Express (1st Issue)
10 Aug 2016
Wang Jianlin: Soccer investment can give you influence, but it won't make you money
26 Aug 2016
Weekly report: FIFA World Cup Russia still dominates CCTV 5; Brazil vs Costa Rica was most watched
26 Jun 2018
Report: EURO 2016 Chinese TV Broadcasting Express (8th Issue)
23 Jun 2016
Weekly report: Ning's victory contributes to the high ratings
12 Aug 2015
More from Yutang Sports
SportAccord Plenary Conference had fruitful talks about the soft power of sport
17 Apr 2024
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
Leading legal minds tackle athlete representation and rules for transgender athletes at LawAccord
16 Feb 2024
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
SPORTACCORD 2024 INSIGHTS: How Gaming is Changing our World
07 May 2024
Yutang Sports
loading...