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Wavve, Afreeca and LG U+ acquire Tokyo 2020 streaming rights in Korea

South Korean fans in Seoul, South Korea. (Photo by Chung Sung-Jun/Getty Images)

Korean internet streaming firms Wavve and Afreeca, along with telco LG U+, are the latest to secure non-exclusive streaming rights to the Tokyo 2020 Olympics in Korea in sublicensing agreements with the Korean Pool of terrestrial broadcasters.

The trio join internet giant Naver, which last week agreed a deal with the three Korean terrestrial broadcasters composed of KBS, MBC and SBS. Korean news website Chosun Biz reported at the time that Kakao, another major internet services company, dropped out of the running.

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