Apple Expected to Win Rights to Formula 1 With $150M Bid
Apple is expected to win the rights to stream Formula 1 races on Apple TV+ in the United States thanks to a $150 million bid, Business Insider reports.
The rights to broadcast Formula 1 in the United States are currently held by Disney's ESPN. According to sources familiar with the negotiations, Disney is apparently unwilling to match or beat Apple's offer. It pays around $85 million per year for its current rights, just over half of Apple's latest bid.
Interest from other suitors, such as Netflix, was also reportedly "muted," leaving Apple as the leading bidder for the U.S. rights to show the races. As a result, Apple is likely to have another sport to stream on Apple TV+ next year, alongside Major League Baseball and Major League Soccer.
Apple's move to gain the rights to stream Formula comes amid the success of "F1: The Movie," which is Apple's first major box office hit, earning over $300 million globally already. It is expected to become available on Apple TV+ later in 2025.
Popular Stories
Comedy series Ted Lasso is back, with the first episode of season 4 available to stream as of today. It's been three years since the season 3 finale aired, and many expected it to be the last.
The show returns to its underdog roots in season 4, with titular character Ted Lasso (played by Jason Sudeikis) moving back to Richmond to coach a second-division women's football team.
Fan-favorite ...
Apple and MLB today released the September schedule for Apple TV's weekly Friday Night Baseball doubleheader. The games are included with an Apple TV subscription at no additional cost, and there is a new perk for Vision Pro users.
For the first time, Friday Night Baseball will be streamed live in the Apple Immersive format, allowing Vision Pro users to watch a 3D video feed recorded in 8K...
Apple has again added a collection of classic movies to Apple TV that subscribers can now stream at no extra cost.
The films are located in a new "Great Movies Available Now on Apple TV" carousel inside the Apple TV app. So far, free titles are showing up for subscribers in the United States, Canada, and the United Kingdom, with the exact selection differing by country. In the U.S., 19...
