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NBC extends Olympic deal through 2032 for $7.75B

By Stephen Wilson
Published May 7, 2014 8:49pm ET
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NBC extends Olympic deal through 2032 for $7.75B
In this photo released by the International Olympic Committee (IOC), IOC President Thomas Bach, right, and Chairman and CEO of Comcast Corporation Brian L. Roberts pose for a photograph as they sign an agreement to secure the U.S. broadcast rights to the Olympics through to 2032 for NBC Universal, in Lausanne, Switzerland, Wednesday, May 7, 2014. NBC secured the U.S. broadcast rights to the Olympics through 2032 on Wednesday in a record six-games deal worth $7.75 billion. NBC already holds the rights through the 2020 Olympics in a four-games deal signed in 2011 for $4.38 billion. (AP Photo/Arnaud Meylan) | Arnaud Meylan

The Olympics are staying on NBC in the United States through 2032 in a record $7.75 billion deal that cut out rival networks and seals the long-term financial security of the IOC.

In a stunning, pre-emptive deal negotiated secretly over six months, the International Olympic Committee awarded the exclusive U.S. broadcast rights to NBC on Wednesday for an additional six games.

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