Apple looks to bid on becoming US home for Formula 1
Apple is negotiating to acquire Formula 1 streaming rights, expanding its live sports offerings, as ESPN's contract expires next year.
MAIN POINTS
- Apple is in discussions to purchase Formula 1 streaming rights.
- The move is part of Apple's strategy to invest in live sports.
- Apple already holds streaming deals with Major League Baseball and Soccer.
- ESPN's current Formula 1 contract concludes next year.
TAKEAWAYS
- Apple's potential acquisition could change the streaming landscape for Formula 1 fans.
- The deal would enhance Apple's sports streaming portfolio.
- ESPN may lose its Formula 1 broadcasting rights after next year.
- This move aligns with Apple's broader strategy to expand in live sports streaming.