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Comcast expands partnership with Olympics, extends media rights through 2036

1. Comcast secures a strategic partnership with the IOC through 2036. 2. The deal, worth $3 billion, enhances Comcast's broadcast rights significantly. 3. Comcast aims to boost Peacock subscriptions with Olympic coverage. 4. Record $1.2 billion in ad revenue from the last Olympic games. 5. Olympics viewership exceeded 30 million across NBC platforms.

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FAQ

Why Bullish?

The extended media rights improve revenue potential, similarly seen with previous media partnerships.

How important is it?

The ongoing partnership with the IOC marks a significant joint venture, promising substantial long-term financial benefits.

Why Long Term?

This strategic partnership positions Comcast for sustained revenue growth through Olympic events until 2036.

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