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Walt Disney Co's ESPN Strikes Deal For New U.S. College Football Playoffs-Reuters

Wednesday, 21 Nov 2012 04:47pm EST 

Reuters reported that Walt Disney Co's ESPN said, it has locked up the TV rights for U.S. college football playoff games for 12 years in a new deal that was worth more than $7 billion. ESPN did not disclose financial terms of the agreement with the group that will administer the new college football playoff system, which starts in 2014. The deal will run from 2014 until January 2026, the network said in a statement. ESPN would pay $470 million a year, or $5.64 billion over 12 years to carry the games that are part of the new playoff format that was approved in June by a committee of university presidents. 

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