Spanish govt offers EUR 60 mln to fund RTVE Olympics broadcast
The Spanish government has agreed to a request from state broadcaster RTVE for additional funding to acquire rights to air the Tokyo Olympic Games on its free-to-air channels, reports Europa Press. The state will provide a subsidy of up to EUR 60 million on top of the broadcaster's annual budget of EUR 343 million so that RTVE can acquire the rights from Discovery Communications in view of the public interest nature of the event.
RTVE also receives funding via a tax on telecommunications operators, although the Court of Justice of the European Union (CJEU) in Luxembourg is currently hearing an appeal lodged by Telefonica, Orange and Vodafone against the funding rules.
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