NBC and the International Olympic Committee announced that they have reached a $3 billion deal to extend and expand their long-running partnership.

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.

In a major deal, Comcast and the International Olympic Committee have inked a $3 billion deal that will keep NBCUniversal and Peacock as the TV and streaming home of the Olympic Games through 2036. The deal also includes other elements, with Comcast providing technical, video and advertising support to the IOC an the Olympic games.