Apple currently holds exclusive streaming rights for Formula 1 racing in the United States, with all races available on Apple TV. Both Apple and Formula 1 have reported positive viewership and subscriber acquisition results from this partnership, though specific figures have not been disclosed.
During Liberty Media's recent earnings call, Formula 1 CEO Stefano Domenicali indicated satisfaction with the US deal and expressed an expectation that Apple will pursue F1 streaming rights in other countries when they become available. This suggests Apple's interest in broadening its sports content portfolio internationally.
Formula 1's strategy involves securing a diverse portfolio of regional broadcast deals rather than a single global partner. This approach allows them to select specific partners for each geographic market. An example of this is Sky's renewal of F1 rights in the United Kingdom through 2034, which prevents Apple from acquiring those rights.
Despite the UK situation, Formula 1 remains open to striking more deals with Apple in other markets. Liberty Media CEO Derek Chang noted that Apple's potential as a bidder in additional markets is beneficial for their business, indicating a willingness to collaborate where opportunities align with F1's regional strategy.
In the United States, Apple TV subscribers can watch all Formula 1 races live and on-demand. Apple recently introduced a Dolby Atmos audio track for its F1 streams and expanded Multiview support to more platforms, including iPhone Duo.
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Formula 1 CEO Stefano Domenicali stated that Apple is expected to bid for F1 streaming rights in additional countries as opportunities arise, following a positive response to their exclusive US streaming deal. This indicates a potential expansion of Apple's involvement in sports broadcasting beyond its current US-only F1 coverage.