Brazil and Colombia reach agreement on broadcasting rights

CARACAS, Venezuela — Brazil and Colombia have reached an agreement on the sale of the broadcast rights for the 2014 World Cup and 2024 Olympic Games, both scheduled to take place in Brazil and in Colombia, the organizers of the World Cup have said.

The agreements will see the two host nations negotiate the details of broadcasting deals for the next two World Cups and 2024 Olympics in Brazil, the two nations announced Thursday.

Brazil, which will host the 2018 and 2022 World Cups, will host an initial four-year broadcast deal for the 2022 event in 2020, which was initially approved in February by FIFA, which is based in Switzerland.

Colombia, which has not hosted the World Cups since 1988, will be awarded the rights for 2028 and 2024.

Colonias hosting rights holder ESPN will receive a 20% stake in both the 2018 World Cup in 2019 and 2024 tournaments.

Brazil’s national soccer federation said it would be selling the broadcasting rights for both tournaments.

The 2018 World Cups are set to take off in July 2019, while the 2022 Olympic Games will be held in February 2020 and the 2024 Olympics are scheduled to be held March 25-28, 2020 in South Africa.