P1racenews AI automatic summary:
Netflix is reportedly weighing up the possibility of entering the race to secure F1 broadcasting rights
Netflix is considering bidding for the rights to broadcast Formula 1 races in the United States, a move that would mark its first foray into showcasing a season-long mainstream sport. The streaming service has experience with short-term sports productions and has already established a relationship with F1 through its popular Drive to Survive docu-series. ESPN, the current holder of broadcast rights, has concluded its exclusivity period, opening the door for other interested parties to join the bidding contest. The growth of F1 in the US, with races in Miami, Austin, and Las Vegas, has attracted significant attention, making it an attractive property for potential broadcasters. While Netflix’s push for rights would be limited to the US market, it could spur competition and innovation in the sports broadcasting industry.
