Listen to this article

Apple Contemplating $2 Billion Bid for Exclusive Formula 1 Streaming Rights

11 posts • GPT (3)

Published Oct 11, 2023, 12:38 PM

Apple is reportedly considering a bid to acquire global streaming rights for Formula 1. The company is said to be contemplating offering up to $2 billion per year to obtain exclusive coverage of the races. Apple's interest in securing sports rights for its Apple TV+ platform is nothing new, and this potential deal with Formula 1 could be a significant move for the tech giant. However, there are challenges as many of Formula 1's current TV deals still have several years remaining. Despite that, analysts believe this move could be a major win for Apple.

More breaking stories on DeepNewz — updated live.

Sources

Joe Pompliano

@JoePompliano

Apple is reportedly considering a $2 billion PER YEAR offer for the exclusive global broadcasting rights of Formula 1. There are some challenges — many of F1's current TV deals run for another 5+ years — but I also think this would be a home run for Apple. Here's why 👇 1. The… https://t.co/Cnur9eu596 https://t.co/XQLCetUrg5

Cult of Mac

@cultofmac

ICYMI: Apple may race for Formula 1 streaming rights with $2 billion bid https://t.co/n1KTv4xCBa by David Snow

MobileSyrup

@MobileSyrup

Apple may have its eye on Formula 1’s streaming rights, according to new report https://t.co/ylfdXcLBfV https://t.co/H1VcM9NnSA

Apple Contemplating $2 Billion Bid for Exclusive Formula 1 Streaming Rights

Sources

Similar Stories