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

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

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.