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“The BBC is no longer able to offer livestreams of every sport during the Olympics due to the terms of the licensing arrangements laid down by the rights holder, Discovery,” they said.Under the terms of the agreement, which is structured as an all-stock, Reverse Morris Trust transaction, AT&T would receive $43 billion (subject to adjustment) in a combination of cash, debt securities, and WarnerMedia’s retention of certain debt, and AT&T’s shareholders would receive stock representing 71% of the new company Discovery shareholders would own 29% of the new company.
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But they confirmed that the era of widely accessible free coverage of all Olympic sports was over. At this point the BBC could face a competitive bid from other British free-to-air channels such as ITV for the rights to show highlights of the events.Ī BBC spokesperson said they would continue to bring “all the must-see moments” to the British public, while there will continue to be extensive coverage on the radio and BBC Sport website.
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Its complicated Olympics agreement with the BBC meant the UK’s national broadcaster gave up some of its rights to show coverage of the 2020 Tokyo Olympics in return for being granted limited coverage of the 2022 Winter Olympics in Beijing and 2024 Olympics in Paris.Īfter 2024 there will be a new Olympics TV rights deal for Europe. In addition to its eponymous channel, Discovery owns stations such as Quest and Really and is a major investor in the rightwing outlet GB News. Viewers watching the taekwondo on BBC One on Sunday morning were disappointed to find the BBC Sport Twitter account announcing the winner when those watching the delayed coverage on television still did not know the outcome. The attempt to provide a live mix of various sports through a single television channel – with some events on a time delay – can produce an unsatisfactory experience in a social media age. At the same time, the rise of paid-for streaming services, which are increasingly bidding for the rights to show live sport, mean the BBC is increasingly unable to compete on budget when it comes to bidding for sporting events.
The situation is a stark sign of the financial difficulties faced by the BBC, which has to combine the high expectations of the British public, who want to watch free-to-air sport, with the reality of a decade of government-imposed real-term funding cuts. Everything else requires viewers to switch to Eurosport or Discovery+, meaning many sports are simply not covered live by the BBC. Discovery decided to stick with the BBC for this element in the UK, in part to avoid a public relations disaster, allowing the national broadcaster to buy a limited amount of coverage.Īs part of this sub-licensing arrangement, the BBC can show a maximum of two live events at one time, through one television channel and a second feed provided through the red button service and online. Under the deal with the International Olympic Committee, Discovery is still required to make some of the coverage available on a free-to-air channel. Discovery has in turn put the vast majority of the coverage behind a paywall, accessible only through their Eurosport channels or on the new £6.99-a-month streaming service Discovery+.Īlthough the deal with the BBC was announced in 2016, this is the first summer Olympics where it has come into effect, meaning much of the British public was not aware of the changes until now. This is no longer possible, however, after Olympics organisers decided to sell the European television rights for the games to the US company Discovery in a £920m deal.