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China Media Capital Pays $1B for Soccer Rights

China Media Capital is to pay a record $1.3B for broadcast rights to Chinese Super League soccer. The five-year deal is a massive increase from the roughly $8M per year that is currently being paid. http://deadline.com/2015/10/china-media-capital-record-soccer-rights-deal-li-ruigang-warner-bros-1201594854/ #EntertainmentBiz

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