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CCTV agrees Olympic sub-licensing deals

Chinese state broadcaster, China Central Television (CCTV), agreed a deal to sub-license online broadcast rights for the 2008 Beijing Olympics to Chinese web portal operators NetEase, Sina and Tencent.

Under the deal, the three companies will show live online broadcasts and video-on-demand content from the Games opening ceremonies until the close.

Sohu CEO, Charles Zhang, told China Business News, that the company has already earned back the money it spent to become the official Internet content sponsor of the games, and is now focusing Olympic spending on brand promotion.

Sohu’s total spend on the Olympics is expected to top RMB 500 million, whilst Sina and Tencent are expected to spend RMB 130 million and RMB 100 million respectively.