ESPN Beats Out Amazon, Comcast, Netflix For Formula 1 Rights: Here Are The Details
Leading sports network ESPN has renewed rights for one of the most popular racing leagues in the world, beating out several other players and raising the annual amount paid to the league. What Happened: Formula 1 has renewed its deal for U.S. media rights with ESPN, a unit of The Walt Disney Company (NYSE: DIS ), according to a report from Sports Business Journal . ESPN beat out bids from Amazon.com Inc (NASDAQ: AMZN ) and Comcast Corporation (NASDAQ: CMCSA ), according to the report. ESPN will pay between $75 million to $90 million per year for the rights. This marks a huge increase from the estimated $5 million annually paid by ESPN in a three-year deal signed in 2019. The sports media company will have flexibility to put a limited number of the Formula 1 races exclusively on ESPN , its sports streaming services. The majority of races will air on either ABC or … Full story available on Benzinga.com
ESPN Beats Out Amazon, Comcast, Netflix For Formula 1 Rights: Here Are The Details
Leading sports network ESPN has renewed rights for one of the most popular racing leagues in the world, beating out several other players and raising the annual amount paid to the league. What Happened: Formula 1 has renewed its deal for U.S. media rights with ESPN, a unit of The Walt Disney Company (NYSE: DIS ), according to a report from Sports Business Journal . ESPN beat out bids from Amazon.com Inc (NASDAQ: AMZN ) and Comcast Corporation (NASDAQ: CMCSA ), according to the report. ESPN will pay between $75 million to $90 million per year for the rights. This marks a huge increase from the estimated $5 million annually paid by ESPN in a three-year deal signed in 2019. The sports media company will have flexibility to put a limited number of the Formula 1 races exclusively on ESPN , its sports streaming services. The majority of races will air on either ABC or … Full story available on Benzinga.com