Does anyone know how it works for broadcasters if events they have the rights for get cancelled. Do they get a refund on the rights.
Why would they get a refund? They'd have the rights for when the event is rescheduled. Given the detail in rights deals I'd expect there to be a clause that covers events being postponed due to circumstances outside the organisers control.
What about if they not and are simply cancelled and never held.
How often does a standalone event with broadcasters paying rights for it actually get cancelled though? I suspect it's rare enough that there isn't a single policy.
I'm not counting individual events as part of a package, or repeating events, as that opens many other avenues of compensation. Take the Chinese GP for instance - firstly, it's not cancelled, just postponed (even though it'll be impossible to put back in the calendar as it's already too full), but F1 have loads of additional things they can do to compensate a broadcaster - give additional access, give additional resources at other events, or give access to promo events that aren't normally included. Plus the broadcaster probably only pays for the season rather than xx race weekends.