YouTube and NBC Will Livestream the Entire Summer 2012 Olympics For Free (Updated)

For the first time ever, you'll be able to watch every single olympic event live. NBC has teamed up with YouTube to livestream more than 3000 hours of coverage from the London 2012 Olympics for free. First the Super Bowl was streamed online and now this!

The Olympics will be streamed live on NBCOlympics.com using YouTube's infrastructure. The games won't actually be streamed on YouTube, and given the volume of people who will be trying to watch, it's a good thing YouTube is tackling the project.

This is a sports junky's dream. Every four years everyone probably watches popular Olympic events like the 100-meter dash live because the networks actually broadcast them on TV. But if you wanted to catch the live cycling action down at the London velodrome, you were out of luck until now. [NBC via Time]

Update:

It turns out the streams won't be free after all. You'll need to be a cable subscriber to get them.