The Official Formula 1 Thread šŸ

Dreamchaser

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Kudos to them if they get a substantial rights fee, but it kind've feels like MLS had their momentum curbed when the majority of their games moved to Season Pass on Apple TV. I think this would be a step backward.
Facts, trying to grow the sport and throwing it behind a paywall makes no sense. The only company that can do that is Netflix. Netflix should be bidding for the F1 rights. Its the only reason F1 picked up any momentum in the first place.
 

Rev

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Facts, trying to grow the sport and throwing it behind a paywall makes no sense. The only company that can do that is Netflix. Netflix should be bidding for the F1 rights. Its the only reason F1 picked up any momentum in the first place.
Any idea if these new broadcast rights apply to Latin America as well? @Legal

Also, wonder if this news is some bait to get Netflix going with the bidding.
 

Legal

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Facts, trying to grow the sport and throwing it behind a paywall makes no sense. The only company that can do that is Netflix. Netflix should be bidding for the F1 rights. Its the only reason F1 picked up any momentum in the first place.

Honestly, I'd debate if even Netflix is a good look. As much as we enjoy it, it's still a relatively niche discipline of a fairly niche sport. Any kind of major paywall slows growth here in the US, and there's always the chance of Netflix algorithmically burying the sport for a solid portion of the viewers they would probably sell F1 on them being able to reach.

Any idea if these new broadcast rights apply to Latin America as well? @Legal

Also, wonder if this news is some bait to get Netflix going with the bidding.

No clue. I wouldn't be surprised if ESPN managed to keep the LATAM rights, since the current package excludes Mexico, so it's probably not all that expensive, relatively speaking.
 
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mson

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Apple, feeling itself on its ā€œF1ā€ hit, puts in a bid for US Formula 1 rightsApple’sAAPL $210.72 (0.52%) leaning in to the success of its Brad Pitt-led racing flick. ā€œF1: The Movieā€ has become Apple’s top box office performer, and apparently has inspired Apple to throw in a bid for the US broadcasting rights to Formula 1.
Those rights are currently held by Disney’sDIS $121.02 (-0.99%) ESPN, but the contract is set to expire next year.

ESPN currently pays $85 million annually for US rights to the races. Before Apple’s film took off in theaters, analysts forecast the new deal could rise to more than $120 million per year.

With the success of the film, along with Netflix’sNFLX $1,287.15 (1.01%) popular ā€œDrive to Surviveā€ docuseries, the bidding war has a chance to take off further. ESPN Formula 1 viewership doubled from 2018 to last year, when races averaged 1.1 million viewers.
 

The War Report

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Facts, trying to grow the sport and throwing it behind a paywall makes no sense. The only company that can do that is Netflix. Netflix should be bidding for the F1 rights. Its the only reason F1 picked up any momentum in the first place.
True. People ain’t paying for AppleTV to watch F1. Most people have ESPN one way or the other.
 

calh45

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Facts, trying to grow the sport and throwing it behind a paywall makes no sense. The only company that can do that is Netflix. Netflix should be bidding for the F1 rights. Its the only reason F1 picked up any momentum in the first place.

I have zero faith in MBS to actually pick the correct move to grow the sport. Him picking Apple as a broadcast partner would be the death kneel of his F1 presidency though so that'd be the silver lining.

MLS gotta still be kicking themselves "hiding" their sport behind a paywall right when it got momentum going. I've seen more NWSL games this past year than MLS ones.
 
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