I have been re-reading the press releases and media reporting of the June 2020 ( Seven TV Discounts for 202,2021,2022) and the reporting of a extension or extended contract also.
So to get to the $473m one $946m two year amount I'ts been suggested that ( By MR Red) that 5 year contract is as follows $117m for 2020 $117m for 2021 $117m for 2022 and then $190m for 2023 and $190m for 2024. for a total of $730m, and a average of $146mbover the contract.
But here is proof that Seven just see's the extend contract is from the original contract ( 2017-2022)
This is a Financial review report on the deal.
Foxtel and Telstra have extended their broadcast rights deal with the AFL for two years to cover the 2023 and 2024 seasons.
www.afr.com
See bolded-
"Foxtel has extended broadcast rights with the AFL for two years to cover the 2023 and 2024 seasons, in a deal worth 20 per cent more to the AFL than its current deal with the News Corp majority-owned broadcaster.
Telstra, which is the other major shareholder in Foxtel, also extended its direct rights with the AFL for the same period, while announcing it would become Marvel Stadium's official technology partner, turning the Melbourne ground into a showcase for its 5G technology.
The AFL said the deals with Foxtel, Telstra and Seven were together worth $946 million over the 2023 and 2024 seasons.
Seven is paying just under $300 million of that figure." End of quote Fin Review
So $146m for 2023 and $146m for 2022 equals = $292m
Seven is paying just under $300 million of that figure.
So the real figures are $240m foxtel + Teltsra $50+ Seven $146m = $436m per year for 2023 and 2024.
That's
$37m short of the $473m . (yearly figure )
That's
$74m short of the $946m for full extension.