After Apple (AAPL) confirmed that the company has agreed on a five-year partnership and will begin broadcasting Formula 1 races in the U.S. in 2026, replacing Disney-owned (DIS) broadcaster ESPN, a person with knowledge of the matter told Financial Times’ Samuel Agini the deal cost $700M, or about $140M a year, which is a significant increase from the $85M per year paid by ESPN.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- Apple announces five-year partnership as U.S. broadcast partner for Formula 1
- VTI ETF Daily Update, 10/17/2025
- Apple pledges investments in China, U.S., NY Times reports
- ‘Tech Rally into Year-End’: Daniel Ives Says Momentum Is Building for 3 Tech Stock Giants — Including TSLA
- Is OpenAI’s Sora a Threat to Meta? Here’s What this 5-Star Analyst Thinks