The opening ceremony of the 2008 Olympics took place at the symbolic 8:08:08 local time (early this morning for the US) but it's due to broadcast starting on America's East Coast at 7:30 p.m. (and 7:30 p.m., PDT as well.)
The $100 million extravaganza (more than twice the cost of 2004's show) drew 91,000 spectators watching the 35,000 fireworks and almost 3,000 lights during the four-hour ceremony. The capper of the event is gymnast Li Ning, three-time Chinese Gold medalist being lifted by wires, circling the entire stadium in the air before using the torch to light the massive Olympic cauldron. Read Related: 2008 Olympics Opening Ceremony
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