Apple Secures Exclusive Five-Year U.S. Formula 1 Broadcast Rights Deal
Apple has finalized a five-year, $750 million deal to become the exclusive U.S. broadcast partner for Formula 1 races, offering comprehensive coverage to subscribers and select free content.
Overview
- Apple has secured a five-year, $750 million agreement to be the exclusive U.S. broadcast partner for Formula 1 races, commencing next season.
- The deal grants Apple TV subscribers full access to all Formula 1 practice, qualifying, sprint sessions, and grands prix through the new streaming service.
- U.S. fans will also be able to watch select Formula 1 races and practice sessions for free via the Apple TV app, expanding accessibility.
- This partnership aims to leverage Formula 1's significant growth, which includes a 52 million U.S. fanbase in 2024, by promoting the series across Apple platforms.
- The agreement follows a successful collaboration for 'F1 The Movie' and seeks to maximize F1's growth potential through innovative content and distribution channels.
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Analysis
Center-leaning sources cover this story neutrally, presenting factual details of Apple's exclusive Formula 1 streaming deal. They focus on the agreement's terms, financial aspects, and Apple's strategic moves without employing loaded language or biased emphasis. The reporting primarily informs readers about the business development, allowing the facts to speak for themselves.
"Apple has snagged a very fast-growing series, with races almost every other week—currently, the sport has expanded to 24 races a year."
ARS Technica"Apple's deal is valued at about $750 million over the five-year term."
TechCrunch"This is an incredibly exciting partnership for both Formula 1 and Apple that will ensure we can continue to maximize our growth potential in the U.S. with the right content and innovative distribution channels."
ABC NewsArticles (5)
FAQ
ESPN was the broadcast partner for Formula 1 in the United States since 2018. However, it decided not to extend its deal beyond the current period.
The partnership highlights Formula 1's significant growth in the U.S., with a fanbase of 52 million in 2024. It aims to leverage this growth by promoting the series across Apple platforms.
U.S. fans will be able to watch select Formula 1 races and practice sessions for free via the Apple TV app.
History
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