Rio Olympics Ceremony to Cost 10% of London's Lavish Event Open

  • Brazil aligning event spending with economic reality
  • Scrapped plans include ``high-tech'' gadgets like drones

With Brazil mired in recession, the directors of Rio de Janeiro’s Olympics opening ceremony in 2016 will have to make do with 10 percent of the budget lavished on London, whose signature event set the tone for games that were among the most popular in recent years.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.