NBC extends Olympic deal through 2032

By Staff, wire reports

(WKTV) - NBC will be the place to be to catch the Olympics through 2032.

NBC has secured the U.S. broadcast rights to the Olympics through 2032 in a record six-games deal worth $7.75 billion.

The network already holds the rights through the 2020 Olympics in a four-games deal signed in 2011 for $4.38 billion.

The latest deal was announced Wednesday after secret negotiations between the IOC and NBC. There was no auction or open bidding this time, with only NBC making an offer.

The negotiations were led by International Olympic Committee President Thomas Bach.

Bach says "this agreement is excellent news for the entire Olympic Movement as it helps to ensure its financial security in the long term."

NBCUniversal has acquired the broadcast rights across all media platforms, including television, Internet and mobile.

"This is one of the most important days in the history of NBCUniversal," said Steve Burke, chief executive officer of NBC Universal. "The Olympics are part of the fabric of our company, and we couldn't be more excited that today's announcement guarantees that this massively popular and profitable programming will continue to air every two years on the broadcast, cable, digital and mobile platforms of NBCUniversal for the next two decades."

By 2032, NBC will have covered 23 editions of the Olympic Games. The first games covered by NBC were the Tokyo games in 1964.

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