Tech
Apple clinches exclusive US media rights for F1 races under five-year deal
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Apple has landed US broadcast rights to Formula 1 in a five-year deal that would help the tech giant bolster its streaming service with one of the country’s fastest-growing sports, following the success of its Brad Pitt-starrer “F1: The Movie”.
The two sides did not disclose the financial details of the deal on Friday. CNBC reported it was for $140 million a year, much higher than the $90 million Walt Disney-owned ESPN was paying per season for F1, which it has broadcast since 2018.
Apple’s deal begins next year. The iPhone maker will stream F1 on
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