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Nine snatches Olympics from Seven in $305m cash deal

Nine Entertainment will broadcast the Summer and Winter Olympics for the next decade, including the Brisbane 2032 games, paying more than $300 million to snatch the rights from rival broadcaster Channel Seven.

Nine made the announcement after the market closed on Wednesday, going public with details of the blockbuster deal struck with the International Olympic Committee (IOC).

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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com

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    Original URL: https://www.afr.com/companies/media-and-marketing/nine-snatches-olympics-from-seven-in-305m-cash-deal-20230208-p5ciwu