Contract discounts cost AFL $150m

Original article by John Stensholt
The Australian – Page: 3 : 12-Jun-20

Foxtel and Seven West Media struck revised broadcast deals with the Australian Football League just prior to the 2020 AFL season resuming on 11 June. The revised deals followed the AFL season being suspended for three months because of COVID-19, and will result in the two companies saving around $200 million on their AFL coverage over the next three years. Television companies had argued broadcast rights are worth less now than what they were previously because the AFL season has been shortened and the length of games have been reduced, while a lack of crowds has arguably reduced the quality of the broadcasts.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, AUSTRALIAN FOOTBALL LEAGUE

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