Television rights refer to the legal permissions granted to broadcasters to air specific content, such as sports events, movies, or television shows. These rights are often sold by content creators or event organizers to networks or streaming services, allowing them to reach a wider audience. The terms of these agreements can vary, including duration, geographic coverage, and exclusivity. The value of television rights can be significant, especially for popular events like the Super Bowl or Olympics. Networks compete for these rights, often leading to high bidding wars. The revenue generated from selling these rights can be a major source of income for producers and organizers.