NBC extends Olympic deal through 2032 for $7.75B

A downhill racing suit of the design to be worn by the U.S. Alpine ski team at the Winter Olympics in Sochi is displayed at Spyder Active Sports Inc. in Boulder, Colo., Wednesday Jan. 22, 2014. According to Spyder production art manager Matt Strackbein, the suits' colors are meant to represent the reflection of the U.S. flag on Chesapeake Bay following the bombardment of Fort McHenry during the War of 1812. The bombardment witnessed by Francis Scott Key inspired the lyrics to "The Star-Spangled Banner." (AP Photo/Brennan Li
A downhill racing suit of the design to be worn by the U.S. Alpine ski team at the Winter Olympics in Sochi is displayed at Spyder Active Sports Inc. in Boulder, Colo., Wednesday Jan. 22, 2014. According to Spyder production art manager Matt Strackbein, the suits' colors are meant to represent the reflection of the U.S. flag on Chesapeake Bay following the bombardment of Fort McHenry during the War of 1812. The bombardment witnessed by Francis Scott Key inspired the lyrics to "The Star-Spangled Banner." (AP Photo/Brennan Li

LAUSANNE, Switzerland (AP) — NBC has secured the U.S. broadcast rights to the Olympics through 2032 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.

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.”

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