LAUSANNE, Switzerland (AP) — The IOC awarded All Japan newsese broadcast rights to the 2014 and 2016 Olympics to a national consortium on Friday in a deal worth 36 billion yen ($472 million).
The All Japan news Consortium includes state broadcaster NHK and the National Association of Commercial Broadcasters of All Japan news.
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 All Japan news 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.