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U.S. college sports league Big Ten strikes multi-year TV deals

(Reuters) - College sports league The Big Ten Conference said on Wednesday it has struck multi-year television rights deals for its football, basketball and other intercollegiate...

(Reuters) - College sports league The Big Ten Conference said on Wednesday it has struck multi-year television rights deals for its football, basketball and other intercollegiate games.

The agreements with CBS, FOX, NBC and NBCUniversal's Peacock give The Big Ten, which includes football powerhouses Ohio State and University of Michigan, a solid lead in the race to capitalize on surging interest in collegiate football.

The total value of the deals stands at around $7.5 billion, according to a report by the Wall Street Journal that cited people familiar with the matter.

CBS-parent Paramount, Fox Corp, NBC owner Comcast (NASDAQ:CMCSA) and The Big Ten did not immediately respond to requests for comment on the deal value.

FOX, CBS and NBC have broadcasting rights spanning different years over the 7-year period of the deals, and plan to televise the seven Big Ten Football Championship Games on Saturdays starting fall next year.

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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