The contract extension will allow NBCUniversal to broadcast the 2034 Olympic Games in Salt Lake City on NBC and streaming service Peacock

NBC signed its most recent Olympic rights deal in 2014 covering each Summer Games and Winter Games through 2032. That was valued at $7.75 billion and includes the next Summer Games in 2028 in Los Angeles.

NBC has long held the U.S. broadcast rights to the Olympics. When its contract with the IOC was last extended in 2014, NBC would have covered a total of 23 Olympic Games by 2032. The network first broadcast an Olympics in 1964, when the Summer Games were held in Tokyo.