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Globo ‘to renegotiate ad deals worth $114m’ after Tokyo 2020 postponement

The Olympic rings are seen reflected in the window of the closed Japan Olympic Museum in Tokyo on March 27, 2020, three days after the decision to postpone the 2020 Tokyo Olympic Games (Photo by Philip FONG / AFP) (Photo by PHILIP FONG/AFP via Getty Images)

Brazilian commercial broadcaster Globo is facing up to the prospect of having to renegotiate advertising deals worth a reported R$580m (€103.6m/$113.7