Summary
Apple is reportedly close to securing broadcasting rights for Formula 1 in the United States, replacing ESPN after the 2025 season. Discussions involve potential international rights and the integration of Apple's technology in F1 broadcasts. A final deal announcement seems likely soon, despite some ongoing negotiations over specific terms.
Key Facts
- Apple is negotiating to take over Formula 1 broadcast rights in the US from ESPN.
- The deal could start after ESPN's contract ends following the 2025 season.
- Apple has reportedly offered $150–$200 million per year for the US broadcasting rights.
- Apple is exploring a component that involves non-US markets, though Sky holds international rights until 2029.
- Apple's recent F1-themed movie was successful, grossing over $600 million.
- Liberty Media's CEO mentioned the importance of having a US media partner that can also influence global markets.
- Some negotiations involve Apple's desire to use its technology in broadcasting.
- A formal announcement of the deal is expected soon, though some details are still being finalized.
