The Brazilian free-to-air TV channel Globo and the South American soccer organization CONMEBOL reached an agreement after the legal fight over the termination of the Copa Libertadores broadcasting contract. After the ending of the arbitration in Switzerland, where the judicial process began, the broadcaster will be able to re-negotiate the rights.
Last year, the institution filed a lawsuit against Globo and demanded compensation of at least USD 120 million. Previously, the channel had won the rights to the matches in a contest held by CONMEBOL itself, and they signed a contract valid from 2019 to 2022.
However, in August 2020, the station informed the association about the termination, maintaining that the contract enabled a break if the event had been cancelled or stopped because of a force majeure , such as the Coronavirus pandemic. But the Confederation argued that the document allowed it only when the responsibility for stopping the tournament fell on the institution itself, and not on other grounds.
Now that the legal fight is over, Globo will be able to re-negotiate a contract to broadcast the Copa Libertadores from 2023 to 2026. In the meantime, the tournament will continue to be broadcast on SBT on free-to-air TV and on Disney, Fox Sports and ESPN channels for pay TV; in addition to the paid broadcasts of Conmebol TV and Facebook.