The 2016 Olympics Opening Ceremony is taking place today, Friday, Aug. 5 in Rio de Janeiro, Brazil - here's how you can watch a free live stream of the whole event.

The Opening Ceremony of the Olympics is always a highly-anticipated event where athletes and officials from nations from all over the world get to show off their flags with pride. 207 countries are participating in the event, which is being held in Maracanã Stadium. As is tradition, Greece will begin the parade and home country Brazil will conclude it.

The budget for this year's Opening Ceremony will be less than in past ceremonies, according to Fernando Meirelles, one of this year's directors.

"I guess I'd be ashamed to waste what London spent (~80M pounds) in a country where we need sanitation, where education needs money ... So I'm very glad we are not spending money like crazy," he said in an interview with Bloomberg.

NBC will be broadcasting the Opening Ceremony starting at 7:30 p.m. ET/PT, with coverage ending at midnight. There is a one-hour tape delay, so it technically won't be a live stream of the event.

However, you can live stream the coverage of the Opening Ceremony at NBCOlympics.com. It is a free link so you don't need to enter any cable subscription information.

Model Gisele Bundchen will be part of the ceremony and put a new post on Instagram previewing the event.

 The Olympics symbolize so much for our global community. The unity that is felt is amazing and gives me goose bumps. There is so much dedication and love the athlete’s themselves pour into their chosen sport. Each athlete has given their all to achieve lifelong dreams and their journeys have led them here to Rio to compete for their countries with pride. The energy is electric and contagious. I am so happy to be part of the opening ceremony in my homeland and to celebrate these bright stars from around the globe. I truly believe that each Olympian lights the path for the next young child dreaming of being at the Olympics and encourages the practice of sports. As I walk down tonight on the longest runway I have ever been on I will be sending out all my love and positivity. I am humbled and honored to be part of this historic moment for my country. I believe that the unity is the key to creating a world filled with kindness, gratitude, peace, and love. Os Jogos Olímpicos simbolizam muito para a nossa comunidade global. A união de todos os povos é maravilhosa e me dá arrepios. É tocante ver que os atletas colocam toda sua dedicação e amor no esporte escolhido por eles. Cada atleta deu seu melhor ao longo de sua vida para alcançar seus sonhos, e suas jornadas os trouxeram aqui para o Rio para competir por seus países, com orgulho. A energia é eletrizante e contagiante. Estou muito feliz por fazer parte da cerimônia de abertura no meu país e por celebrar as estrelas do esporte de todo o mundo. Eu realmente acredito que cada atleta olímpico ilumina o caminho para a próxima criança que sonha fazer parte dos Jogos Olímpicos e estimula a prática do esporte. Hoje à noite, quando eu desfilar pela mais longa passarela em que já estive, vou estar enviando todo o meu amor e positividade. Sinto-me honrada por fazer parte deste momento histórico para o meu país. Acredito que união é a chave para criar um mundo cheio de bondade, gratidão, paz e amor.

A photo posted by Gisele Bündchen (@gisele) on Aug 5, 2016 at 7:21am PDT

If you wish to live tweet and/or follow along with the Rio Olympics Opening Ceremony, use hashtag #OpeningCeremony or #Rio2016 on Twitter.

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