The deal struck with channel 7, Foxtel, IPTV and Telstra represents a $365 million increase on the previous deal and includes dedicated AFL services across all platforms of media.
Under the deal, Channel 7 will televise the top four matches of the round and all finals matches, Foxtel will establish a dedicated AFL channel and will show all remaining games, while IPTV and Telstra will provide every match live and streamed through the internet and mobile phones.
The AFL said the deal would also see supporters guaranteed to see their local clubs (Adelaide and Port Adelaide in South Australia, West Coast and Fremantle in Western Australia, the Brisbane Lions and Gold Coast in Queensland, and the Sydney Swans and GWS in NSW), on free-to-air television.
"It will eradicate the "blackspots" in South Australia, NSW, Queensland and Western Australia that previously meant some games could not be viewed.
"Fans in NSW, the ACT and Queensland will benefit from four games of live football broadcast on free-to-air channel Seven Mate."
In an interview with the AFL website afl.com.au, chief operating officer Gillon McLachlan said the deal was a major step forward for AFL and it meant more fans could view more matches.
"This is a great outcome for all our stakeholders - our fans, clubs, and players," he said on Thursday.
"It means that footy remains affordable for all our fans and that we can invest in facilities, clubs and our players.
"The government's input has meant that we can provide the right balance between free-to-air and pay television."
This is a landmark deal for the AFL, which is clearly winning the 'code war' with Rugby League and Rugby Union. Of particular concern for the other codes will be the commitment to broadcast local games to the local areas. This could have big impact on Rugby League, particularly on the Gold Coast and in Sydney where the AFL has most recently expanded.