Two leading UK film directors will get prime roles for the 2012 Olympic Games in London

Danny Boyle (Trainspotting, Slumdog Millionaire) will take charge as artistic director of the opening ceremony, while Stephen Daldry (Billy Elliot, The Reader) will be one of the four executive producers of the opening and closing ceremonies. The three others are Mark Fisher, Hamish Hamilton and Catherine Ugwu.

This team will oversee both ceremonies at each of the Olympic and Paralympic events. A closing night artistic director will be announced later.

Boyle said: “I’m honoured to have been invited to be the artistic director for the opening ceremony of the London 2012 Olympic Games. It’s a completely unique opportunity to contribute to what I’m sure are going to be a fantastic Games, I’m really excited to be involved.”

Daldry added: “Myself and my co-executive producers will ensure there is creative continuity across all four ceremonies, that the public have real engagement and that we continue to attract into key roles the best talent in the world. I’m delighted to be part of the team.”

Famously, Chinese director Zhang Yimou had a budget of about £70m for the opening of the 2008 Beijing games; London’s budget will be about £40m for all four ceremonies at the Olympics and Paralympics.