NBC will be the broadcast home to the Olympic Games in the United States until at least 2032, according to the terms of an extension announced Wednesday morning by the network.
KHNL, one of the stations that comprise Hawaii News Now, is the NBC affiliate station in Hawaii and will broadcast the games locally.
The network says the new agreement, which is between 2021 and 2032, is valued at $7.65 billion dollars, plus an additional $100 million dollars that will be used for the promotion of the Olympics between 2015 and 2020.
"This agreement is excellent news for the entire Olympic Movement as it helps to ensure its financial security in the long term, in particular future host cities of the Olympic Games," said IOC President Thomas Bach, who led the negotiations. "The IOC has worked in close partnership with NBC for many decades, and we are thrilled we will continue to work with them through to 2032."
When NBC extended its agreement with the International Olympic Committee in 2011 to cover the games until 2020, the $4.38 billion dollar contract was believed to have been the most expensive television rights deal in the history of the Olympics.