The International Olympic Committee announced Wednesday the U.S. broadcast rights for the Summer and Winter Olympics will go to NBC Universal through the 2032 Summer Olympics.
NBC already had the Olympics through 2020, and the IOC has now awarded broadcast rights to the network from 2022 to 2032, at a price tag of about 7.65 billion dollars.
Steve Burke, CEO, NBCUniversal, said:
“This is one of the most important days in the history of NBCUniversal. 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. No event brings families together like the Olympics, and no-one in media is more accomplished or better equipped to tell the athletes’ stories than NBC Sports. I want to thank the IOC for their faith in us, as well as Sports Group Chairman Mark Lazarus and NBC Olympics President Gary Zenkel, whose leadership was invaluable in bringing this deal to fruition.”
The Olympics deal now means NBC Universal will televise the next five Summer Olympic Games and the next four Winter Olympic Games.
The 2016 Summer Olympics will be held in Rio de Janeiro, Brazil, with the 2020 Summer Games in Tokyo, Japan.
The next Winter Games will be held in 2018 in Pyeongchang, South Korea.
The sites for the Olympic Games from 2022 onward have not been determined.
By the time this deal ends in 2032, NBC will have televised at least 17 consecutive Olympic Games and 23 total, more than any other network in the United States.