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Market Chatter: F1, ESPN in Exclusive Talks Over Next US Screening Rights Deal
Formula 1 racing is reportedly in talks with ESPN regarding the broadcasting rights for the next round in the usa.
According to the Financial Times of the United Kingdom on November 22, Liberty Media's Formula One Racing, under Disney's sports channel ESPN, is negotiating the next round of broadcasting rights in the USA, with one year remaining. The report quoted sources as saying that the two parties will negotiate before the end of the exclusive negotiation period at the end of the year. If an agreement is not reached by the end of the year, negotiations can still take place next year, but this means that broadcasters may face competition for broadcasting rights from other media companies.
Express News | RPT-F1 and Espn Open Talks Over Next US Media Rights Deal - FT