Apple reportedly wants to buy the streaming rights for Formula 1 racing after its first successful box-office smash
Briefly

Apple reportedly wants to buy the streaming rights for Formula 1 racing after its first successful box-office smash
"Apple is reportedly interested in the broadcast rights to F1, following the success of F1: The Movie, which has grossed $300 million globally."
"ESPN holds the current rights but did not finalize a deal during its exclusive negotiation period, allowing competition for F1 rights."
Apple is exploring the possibility of acquiring the broadcasting rights for Formula 1 events, prompted by the recent success of F1: The Movie, which has earned substantial box office revenue. Currently, ESPN has the broadcasting rights, but its exclusive negotiation period with F1 did not result in a new deal, leaving room for Apple's potential intervention. Citi estimates that the renewed deal for F1's rights could be worth upwards of $121 million annually, especially given the increasing viewership and popularity of the sport in the U.S.
#f1-broadcast-rights #espn #f1-the-movie #sports-streaming
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