Booming Business of F1 Explored in Documentary Airing Ahead of Las Vegas Grand Prix 

Red Bull Racing's Dutch driver Max Verstappen races during the 2023 United States Formula One Grand Prix at the Circuit of the Americas in Austin, Texas, on October 22, 2023. (AFP)
Red Bull Racing's Dutch driver Max Verstappen races during the 2023 United States Formula One Grand Prix at the Circuit of the Americas in Austin, Texas, on October 22, 2023. (AFP)
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Booming Business of F1 Explored in Documentary Airing Ahead of Las Vegas Grand Prix 

Red Bull Racing's Dutch driver Max Verstappen races during the 2023 United States Formula One Grand Prix at the Circuit of the Americas in Austin, Texas, on October 22, 2023. (AFP)
Red Bull Racing's Dutch driver Max Verstappen races during the 2023 United States Formula One Grand Prix at the Circuit of the Americas in Austin, Texas, on October 22, 2023. (AFP)

Formula One fanatics will get more behind-the-scenes access to the global motorsports series through a new CNBC documentary that explores the business aspects of the highest form of racing in the world.

The documentary "Inside Track: The Business of Formula 1" will debut Nov. 16 on CNBC ahead of the inaugural Las Vegas Grand Prix. The Las Vegas race is a third stop in the United States this season as F1 has expanded through North America behind a burst of popularity sparked by Netflix’s own docudrama on the series.

While the "Drive To Survive" series on Netflix focuses on the competitors and the drama of F1, the CNBC one-hour documentary will analyze the finances, revenue, and expansion of the series, as well as the role of sponsors.

CNBC anchor and documentary host Sara Eisen said the program is a "true passion project for me."

"I was initially drawn to F1 because my two young children love the sport, but once we started watching the races together, I realized there was something undeniably fascinating from a business perspective that demanded a full exploration of the sport as it reaches new heights in America," Eisen said.

She said the program will explore how the business of F1 "stands firmly at the intersection of sports, technology and culture."

Eisen will take a closer look at attendance, viewership, and market value, as well as next month’s Las Vegas race that is being promoted by F1. Eisen reports from four different F1 venues and had access to Liberty Media CEO Greg Maffei, who discusses the series’ growth since Liberty took over the commercial rights in 2017.

Eisen also interviewed F1 CEO Stefano Domenicali, as well as team leaders from Red Bull, Mercedes, McLaren and Haas, and drivers Lewis Hamilton, Kevin Magnussen and Nico Hulkenberg. She delves into engineering, revenue sharing agreements and Red Bull’s recent domination and its effect on competition and viewership.

The program also examines the fan experience with a look at the Las Vegas Grand Prix, which is expected to be the most expensive event for spectators on this year’s F1 schedule. Eisen also interviews F1 Academy managing director Susie Wolff with a focus on female drivers.



'Barbie' Director Gerwig Honored by 'Terrifying' Movie Industry

Greta Gerwig was honored at the Will Rogers Motion Picture Pioneers Foundation gala, which raises funds to support movie industry workers suffering injury or illness. Amy Sussman / GETTY IMAGES NORTH AMERICA/AFP
Greta Gerwig was honored at the Will Rogers Motion Picture Pioneers Foundation gala, which raises funds to support movie industry workers suffering injury or illness. Amy Sussman / GETTY IMAGES NORTH AMERICA/AFP
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'Barbie' Director Gerwig Honored by 'Terrifying' Movie Industry

Greta Gerwig was honored at the Will Rogers Motion Picture Pioneers Foundation gala, which raises funds to support movie industry workers suffering injury or illness. Amy Sussman / GETTY IMAGES NORTH AMERICA/AFP
Greta Gerwig was honored at the Will Rogers Motion Picture Pioneers Foundation gala, which raises funds to support movie industry workers suffering injury or illness. Amy Sussman / GETTY IMAGES NORTH AMERICA/AFP

"Barbie" director Greta Gerwig paid tribute to risk-takers in the "terrifying" entertainment industry as she was honored for her pioneering filmmaking at a prestigious Hollywood gala on Wednesday.
Gerwig, 41, is the first-ever female director to make a $1 billion movie, and all three of her solo directorial movies to date -- "Lady Bird,Little Women" and "Barbie" -- have been nominated for best picture at the Oscars.
"A showperson is the only person I've ever wanted to be," she said, as she was named Pioneer of the Year at the Will Rogers Motion Picture Pioneers Foundation gala in Beverly Hills, AFP said.
"I wanted to be one of those people who are a little bit wild, a little bit on the edge and filled with a kind of joyful madness.
"I think pioneer is the right word."
Gerwig's most recent artistic gamble paid off as her $1.4 billion-grossing feminist satire "Barbie" became the top-grossing movie of 2023.
Improbably based on the popular doll franchise, but given unusual creative license, the film's success came at a crucial time for an increasingly risk-averse industry reeling from the pandemic, strikes and swingeing job cuts.
The film, alongside Christopher Nolan's Oscar-sweeping "Oppenheimer," was widely credited with keeping the movie theater industry afloat last year.
Gerwig is reportedly set to write and direct two Netflix film adaptations of C.S. Lewis's "The Chronicles of Narnia."
"There are easier ways to make money, and there are less terrifying businesses, but there are none that are more exciting and filled with as much joy and wonder," she said.
Wednesday's Pioneer of the Year gala raises funds to support movie industry workers suffering injury or illness.