Best answer: How much money did NBC pay for the Olympics?

Does NBC make money on the Olympics?

The 2016 Rio Olympics, the company has said, produced a profit of $250 million. Because of the way Comcast and NBCU organize their accounting, the Games are not broken out as a line item in financial reports, but execs have often sprinkled figures into their public remarks.

How much did ABC pay for Olympics?

Ultimately though, NBC bought the rights to the Atlanta Games for $456 million, edging out ABC by $6 million.

How did NBC do with the Olympics?

In 2011, NBC agreed to a $4.38 billion contract with the International Olympic Committee to broadcast the Olympics through the 2020 games, the most expensive television rights deal in Olympic history. NBC then agreed to a $7.75 billion contract extension on May 7, 2014, to air the Olympics through the 2032 games.

Does NBC have exclusive rights to the Olympics?

NBC News is owned by NBCUniversal, which has committed more than $12 billion for the exclusive TV and digital rights to 10 Summer and Winter Games from 2014 to 2032.

How much is NBC worth?

As a result, NBC Universal would become a joint venture between Comcast and GE, with Comcast holding a 51% majority stake. The deal, as a whole, valued NBC Universal at $30 billion.

IT IS IMPORTANT:  What year did Mexico hold the Olympics?

How long has NBC had the Olympics?

It has become one of the most popular programs on USA television every four and then two years. The Olympics is exclusively broadcast on NBC and NBCUniversal’s TV Networks in the United States since 1988 for the Summer Olympics and 2002 for the Winter Olympics.

Does CBS broadcast the Olympics?

The broadcasts of the Olympic Games produced by CBS Sports was shown on the CBS television network in the United States.

CBS Olympic broadcasts
Original release Original run: February 18 – September 11, 1960 Second run (Winter Olympics): February 8, 1992 – February 22, 1998

Do Olympic athletes get paid?

The International Olympic Committee, the Games’ organizing body, doesn’t pay any athletes who participate in a particular Olympiad, or give out prize money for medals. It’s akin to how leagues like the NFL and the NBA don’t pay players; instead, individual teams in the league are responsible for providing compensation.

How much money does NBC make a year?

The media conglomerate, which is a subsidiary of the Comcast Corporation, generated revenue of 28.02 billion U.S. dollars worldwide in 2020, down from 33.97 billion in the previous year.