Apple Nearing Formula 1 Streaming Rights Acquisition in Major Sports Expansion
Apple is reportedly finalizing a landmark deal to acquire Formula 1 streaming rights in the United States. The agreement, which could be announced imminently, would see F1 relinquish control of its F1 TV service in the US market as Apple expands its sports streaming portfolio.
Major Streaming Rights Shift Imminent
Apple is on the verge of securing exclusive Formula 1 streaming rights in the United States in a deal that could be announced as early as today, according to reports from Puck’s John Ourand. The technology giant is reportedly paying approximately $140 million for the rights, significantly surpassing ESPN’s current $90 million agreement as the sport’s popularity continues to surge in the American market.