F1 on TV

F1 value RISES after Apple interest in race rights

Chris Deeley Tuesday 3 October 2023 09:27

F1 value RISES after Apple interest in race rights

The market value of Formula 1 jumped up last week after reports of Apple getting involved in the sport's broadcasting rights.

The sport has been increasing in hypothetical value since Liberty Media took over in 2017, with expansion into the US and Drive to Survive helping in global popularity, and SeekingAlpha report that the Formula 1 Group's value has jumped 9% since the reports.

According to the latest edition of Business F1 magazine, Apple are 'serious' about mounting a 'blockbuster' bid in the future for the global rights to broadcast F1.

It is thought that the deal could cost up to $2bn (£1.64bn) a year, an amount that would be twice as much as F1 currently receive from their global TV rights.

Streaming giants in conflict

Apple have agreed a deal to broadcast Major League Soccer (MLS), from this season, and are in the first season of a 10-year $250m deal to show the league currently containing the talents of Ballon d'Or winner Lionel Messi.

Netflix have been involved in talks for the rights in the US in the last 18 months, following up on their commitment to Drive to Survive.

Latest News

F1 News & Gossip

Franco Colapinto debut set to trigger huge change as F1 heads for Imola

29 minutes ago

F1 Today

F1 News Today: Horner Red Bull future in the balance as shock EXIT leads to scathing assessment

1 hour ago

Latest F1 News

Lewis Hamilton lifts lid over ‘pressure to conform’ in F1

1 hour ago

Latest F1 News

Sebastian Vettel backs axed F1 star for 2026 Cadillac seat

2 hours ago

Latest F1 News

Alpine boss receives brutal put-down after shock exit

3 hours ago

F1 Today

F1 News Today: Lewis Hamilton heading for Ferrari crisis as team boss quits

Today 08:38

More news

F1 Race Calendar 2025

GP AUSTRALIA 14 - 16 Mar

GP BAHRAIN 11 - 13 Apr

Oscar Piastri

GP SAUDI ARABIA 18 - 20 Apr

GP MONACO 23 - 23 May

GP SPAIN 30 May - 1 Jun

GP CANADA 13 - 15 Jun

GP AUSTRIA 27 - 27 Jun

GP GREAT BRITAIN 4 - 6 Jul

Complete kalender 2025

F1 News 24/7

Races

About GPFans

GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.

We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.

With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.

Follow us on your favorite social media channel

Corporate & Media

Innovatieweg 20C
7007 CD, Doetinchem, Netherlands
+31645516860

CHOOSE YOUR COUNTRY