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Apple contemplating bidding for Method 1 streaming rights, says report

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Apple is seeking to bolster Apple TV Plus with streaming, and sports activities appear to be the main focus. The corporate has picked up MLS streaming rights already, which goes effectively, and likewise tried to get NFL Sunday Ticket streaming rights. The subsequent transfer seems to be Method 1, as Apple is reportedly gunning to bid for F1 streaming rights.

In keeping with a report in Enterprise F1 Journal (by way of GP Weblog), Apple has set its sights on Method 1, and is at the moment contemplating making a suggestion for the streaming rights for the game on Apple TV Plus. The supply is being known as one which the Method 1 Group “can not refuse.”

Apple needs F1 streaming rights with an F1 movie already within the pipeline

Apple already has an F1 movie within the works, and it seems Apple needs extra. The brand new report notes that Apple is prepared to pay an enormous quantity, to the tune of $2 billion a 12 months, which might be roughly twice what the worldwide TV rights at the moment fetch.

The deal will apparently have elevated exclusivity obver the years. Apple is prone to pay a hard and fast amount of cash for seven years. The deal would kick off with 25 p.c exclusivity, and go as much as 100% after 5 years. The five-year restrict is due to current contracts, which do not expire till then, which implies Apple cannot get unique streaming rights till that time.

Within the meantime, Apple can be engaged on its F1 movie, which is able to star Brad Pitt and Damoson Idris. Pitt will drive a Mercedes-designed automotive and play the position of an F1 racer who comes out of retirement.

So, it seems like there’s about to be lots of F1 content material coming to one of the best Apple TV gadgets. There is no timeline on when the deal might undergo for Method 1 streaming rights, nevertheless it’s doable that it could be in time for the 2024 season.

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