Netflix considering bid for Formula 1 TV rights
- Netflix is reportedly considering a bid for the US-based TV rights to Formula One, driven by the success of its series Drive to Survive.
- The audience for Formula One has grown significantly in the US, with TV viewership doubling since 2018 and an estimated 45 million fans in the country.
- ESPN's exclusivity period to negotiate a new contract has expired, opening the market for bids for the 2026 season rights.
- Netflix's interest in Formula One may lead to competition in global sports broadcasting, although it is not expected to impact the existing Sky Sports deal in the UK.
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