19.1 C
Delhi
Wednesday, November 5, 2025

Apple Wins Exclusive U.S. F1 Broadcast Rights in 5-Year Deal

Apple Secures Exclusive U.S. Formula 1 Rights in Major Streaming Deal

Apple has clinched exclusive U.S. media rights for Formula 1 races under a five-year agreement, marking a significant expansion of its sports streaming portfolio. The deal positions Apple TV+ to capitalize on one of America’s fastest-growing sports properties.

Key Deal Details

  • Five-year exclusive U.S. broadcast rights beginning next year
  • Reported value of $140 million annually – 56% higher than ESPN’s previous contract
  • Includes all practice sessions, qualifying, Sprint sessions, and Grands Prix
  • Select races and practice sessions available for free on Apple TV app

While financial terms weren’t officially disclosed, CNBC reported the deal at $140 million per year, substantially above the $90 million ESPN paid annually since 2018. This represents Apple’s continued aggressive push into live sports following its acquisitions of Major League Soccer and “Friday Night Baseball” rights.

Strategic Move in Streaming Wars

The acquisition addresses a key challenge for Apple TV+ – despite winning 22 Emmy Awards this year and critical acclaim, the service lacks the scale of competitors like Netflix and Disney+. Live sports have become essential for streaming platforms to attract loyal fans, reduce subscriber churn, and boost advertising revenue.

“We’re thrilled to expand our relationship with Formula 1 and offer Apple TV subscribers in the U.S. front row access to one of the most exciting and fastest-growing sports on the planet,” said Eddy Cue, Apple’s senior vice president of services.

F1’s Growing Popularity

The deal follows the massive success of Apple’s F1 film starring Brad Pitt, which grossed over $628 million worldwide and will stream globally on Apple TV+ starting December 12. Formula 1’s popularity surge continues, with Nielsen Sports data showing nearly 90 million new fans added last year, led by significant growth in China following the sport’s post-COVID return to Shanghai.

Latest

UPS Cargo Plane Crashes in Louisville; Injuries Reported, Airport Closed

Massive fireball as UPS MD-11 crashes after takeoff from Louisville airport. Injuries reported, airfield closed, delivery disruptions expected.

Trump Nominates SpaceX Ally Jared Isaacman as NASA Administrator

Billionaire astronaut Jared Isaacman, known for his close ties to Elon Musk's SpaceX, nominated to lead NASA in new era of commercial space partnerships.

US Spy Jet Patrols Mexican Cartel Zone Amid Military Plans

US Navy P-8 Poseidon conducts surveillance off Mexico coast as reports emerge of planned military operations targeting drug cartels in coordinated security push.

Norway’s Wealth Fund Opposes Elon Musk’s $1 Trillion Tesla Pay Package

World's largest sovereign fund votes against record Tesla compensation deal ahead of shareholder decision that could make Musk first trillionaire.

Jaishankar to Visit Canada for G7, Marking Diplomatic Reset

India's External Affairs Minister visits Canada for G7 meeting, signaling major thaw in bilateral relations after 2023 diplomatic crisis.

Topics

IBM to Cut 2,700 Jobs in 2025 Amid AI Restructuring

IBM joins Amazon, Microsoft, Google in tech layoffs as companies shift focus to artificial intelligence. Over 30,000 jobs cut across major tech firms in 2025.

London Police: Apple Ignoring Stolen iPhone Database Amid Theft Surge

Over 80,000 iPhones stolen in London as police accuse Apple of not using national theft database to block trade-ins of stolen devices.

Bank Holiday Today: Banks Closed in 21 States for Guru Nanak Jayanti

Check if banks are open in your state on November 5. Complete state-wise list of bank closures for Guru Nanak Jayanti and upcoming holidays.

UPS Cargo Plane Crashes in Louisville; Injuries Reported, Airport Closed

Massive fireball as UPS MD-11 crashes after takeoff from Louisville airport. Injuries reported, airfield closed, delivery disruptions expected.

India Set to Become 3rd Largest Global Economy, Says FM Sitharaman

Finance Minister announces India's rapid economic ascent from 10th to soon 3rd largest economy, with 25 million lifted from poverty and banking sector revival.

SBI Q2 Net Profit Jumps 10% to Rs 20,160 Crore, Asset Quality Improves

State Bank of India reports strong Q2 results with 10% profit growth and improved asset quality. Gross NPAs decline to 1.73% as India's largest lender shows robust performance.

Trump Nominates SpaceX Ally Jared Isaacman as NASA Administrator

Billionaire astronaut Jared Isaacman, known for his close ties to Elon Musk's SpaceX, nominated to lead NASA in new era of commercial space partnerships.

Hyundai Launches Upgraded Venue SUV to Regain Market Share

Hyundai unveils new Venue compact SUV with premium features and aggressive pricing to compete with Tata, Mahindra, and Maruti in India's growing SUV market.
spot_img

Related Articles

Popular Categories

spot_imgspot_img