what is the cost to host the olympics
Cost of the Olympic Games Sports-related costs for the Summer Games since 1960 is on average USD 5.2 billion and for the Winter Games USD 3.1 billion dollars. Severe cost overruns made the 2014 Winter Olympics the most expensive Olympics in history; with Russian politician Boris Nemtsov citing allegations of corruption among government officials,[1] and Allison Stewart of the Saïd Business School at Oxford citing tight relationships between the government and construction firms.[2] While originally budgeted at US$12 billion, the budget expanded to US$51 billion, surpassing the estimated $44 billion cost of the 2008 Summer Olympics in Beijing, making Sochi the most expensive Olympics in history.
2016 Summer Olympics Olympic Broadcasting Services served as the host broadcaster for these Games; produced from a total of 7 mobile units, OBS distributed 40,000 hours of television footage and 60,000 hours of digital footage of the Games to its international rightsholders; for the first time in Olympic history, digital-oriented footage exceeded the amount of television-oriented footage. The International Broadcast Centre was constructed in the Barra da Tijuca cluster.[73] NHK and OBS once again filmed portions of the Games, including the opening ceremony and selected events, in 8K resolution video. Additionally, expanding upon a 180-degree trial at the 2016 Winter Youth Olympics, 85 hours of video content were originated in 360-degree virtual reality formats.[74] In the United States, NBC offered 4K content, downconverted from the 8K footage and with HDR and Dolby Atmos support, to participating television providers.[75] Owing to their expertise in domestic broadcasts of the new sports introduced in Rio, NBC and Sky New Zealand staff handled the production of the golf and rugby sevens events on behalf of OBS.[73]