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Report: Apple considers enormous bid for international Method 1 streaming rights

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In accordance with a report within the newest challenge of the Enterprise F1 journal, Apple is eyeing Method 1 as its subsequent massive sports activities funding. The corporate is reportedly contemplating a suggestion value about $2 billion per 12 months, which might ultimately make Apple the unique streaming rights holder of Method 1 racing.

The worth of the Apple deal can be about double what the Method 1 league presently will get from its international TV rights. The journal says that Apple’s curiosity in clinching Method 1 has elevated following the success of MLS Season Cross. An Apple F1 go would probably stay alongside MLS and Apple TV+ within the Apple TV app, as a standalone subscription.

Even when the hypothetical deal was struck, Apple wouldn’t be capable of safe international rights for some time resulting from present contracts with varied broadcasters around the globe.

The journal suggests Apple would agree the contract such that it could embody more and more extra territories as rights turned accessible in these markets. For reference, US rights are presently tied up with ESPN till 2025, which is when the Apple-F1 deal would probably start. Apple would reportedly look to signal a seven 12 months deal, with international rights changing into accessible about 5 years in (the F1’s present media offers expire on or earlier than 2029).

The corporate’s Apple TV+ content material arm already has a number of pursuits in F1. It’s presently within the course of of manufacturing a big-budget F1 film starring Brad Pitt, and a documentary on racing legend Lewis Hamilton. The F1 film was filming on monitor at Silverstone in July, however additional manufacturing has been on pause as a result of ongoing actor’s strike.

Whether or not an F1 streaming deal involves go is one other matter totally. The corporate has been rumored to be contemplating many offers with varied sports activities leagues, together with the NBA, English Premier League, NFL Sunday Ticket, and extra. Up to now, it has landed MLS Season Cross and MLB Friday Night time Baseball.

Observe Benjamin: @bzamayo on Twitter, Threads, and Mastodon

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