{"id":133020,"date":"2025-09-10T05:32:11","date_gmt":"2025-09-10T05:32:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/133020\/"},"modified":"2025-09-10T05:32:11","modified_gmt":"2025-09-10T05:32:11","slug":"f1-edges-closer-to-us-tv-deal-as-talks-drag-on","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/133020\/","title":{"rendered":"F1 edges closer to US TV deal as talks drag on"},"content":{"rendered":"

F1 is \u201chappy and comfortable\u201d with current pace of discussionsApple reported to have offered around US$150m-a-year for new deal<\/p>\n

Formula One is \u201cpretty far along\u201d in talks with a US media rights partner, according to recent comments from Derek Chang, chief executive of the series\u2019 parent company Liberty Media.<\/p>\n

Talking at the Goldman Sachs Communacopia and Technology Conference, Chang provided the first public confirmation that negotiations on the next media rights deal are progressing \u2013 although he stopped short of mentioning Apple by name.<\/p>\n

\u201cI think it\u2019s been pretty well-documented in terms of the negotiations, we are pretty far along, and we\u2019re pretty happy and comfortable with sort of where we\u2019re going to end up,\u201d he said. \u201cHopefully we\u2019ll have something to talk about relatively soon.\u201d<\/p>\n

Chang also noted that the current media landscape requires a more nuanced approach than a simple broadcast collaboration.<\/p>\n

\u201cIs your media partner even just a media partner, or are they also a sponsor?\u201d he asked. \u201c[If it\u2019s the latter], they have other ways that they\u2019re going to monetise and commercialise the relationship.\u201d<\/p>\n

Related posts:<\/p>\n

The most recent reports<\/a> suggest that Apple has submitted a bit in the region of US$150 million per year to air Formula One in the US, something that incumbent broadcaster ESPN is not prepared to match. ESPN currently pays around US$90 million per season.<\/p>\n

Following the success of its F1 movie starring Brad Pitt \u2013 which has now generated over US$600 million in the global box office \u2013 Apple sees an opportunity to capitalise on this popularity. The F1 movie will transition to its Apple TV+ streaming platform towards the end of this year, so offering the live rights from next season creates a clear pathway for new fans.<\/p>\n

Formula One is currently averaging 1.35 million viewers through 15 races in 2025, the highest average audience at this stage of the season ever.<\/p>\n

In this context, it\u2019s interesting to see the series take a substantial risk on derailing this viewership momentum by switching from a traditional broadcaster to a streaming platform \u2013 it remains to be seen how much of an impact this will have.<\/p>\n","protected":false},"excerpt":{"rendered":"F1 is \u201chappy and comfortable\u201d with current pace of discussionsApple reported to have offered around US$150m-a-year for new…\n","protected":false},"author":2,"featured_media":133021,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[441],"tags":[1572,49,48,1161,578,576,577,64919,82],"class_list":{"0":"post-133020","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-formula-1","8":"tag-apple","9":"tag-ca","10":"tag-canada","11":"tag-espn","12":"tag-f1","13":"tag-formula-1","14":"tag-formula1","15":"tag-liberty-media","16":"tag-sports"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/133020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=133020"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/133020\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/133021"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=133020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=133020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=133020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}