BusinessF1 Magazine has reported that Apple is looking into obtaining the streaming rights to Formula 1 racing.
The cost of this is said to be $2 billion dollars a year and would also make Apple the exclusive streaming provider for Formula 1 races. It has also been said that it is double what Formula 1 is getting through its current global TV rights.
However, due to other global rights for Formula 1 still being active, Apple would likely not get the rights to it until 2025 since ESPN currently holds the rights to the auto racing motorsport.
It was said by the source that due to Apple’s massive success with the MLS Season Pass, it has made the company much more interested in acquiring streaming rights to Formula 1.
It is unknown if Apple were to obtain the streaming rights to Formula 1, if the company would make it similar to MLS Season Pass as an additional add-on to the Apple TV app or if it would simply be included in a subscription to Apple TV+, which is what we currently see with MLB Friday Night Baseball.
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