Report: Netflix Exploring Bid for F1 Media Rights

The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, US, July 12, 2023. (Reuters)
The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, US, July 12, 2023. (Reuters)
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Report: Netflix Exploring Bid for F1 Media Rights

The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, US, July 12, 2023. (Reuters)
The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, US, July 12, 2023. (Reuters)

Netflix is deliberating making a play for the US broadcast rights of Formula One, The Athletic reported Friday.

Netflix already has a background in the sport, having produced the hit F1 docuseries "Drive to Survive" that debuted in 2019. Thanks in large part to the series, interest in the sport has risen -- and the value of the broadcast rights along with it.

ESPN holds the American rights for F1 races, but that agreement is up after 2025. The deal is currently in the ballpark $75-90 million per year, according to Sports Business Journal.

Netflix has not pursued many rights deals for live sports, unlike streaming competitors Amazon Prime Video, Apple TV and Peacock, but the company is picking its spots.

In 2024, the streamer carried the Mike Tyson-Jake Paul fight and broadcasted the NFL's three Christmas Day games for the first time. It's also the new home of "WWE Raw."

"We are constantly trying to broaden our programming. Live events (are) one of those things, and sports is part of those live events," Netflix co-CEO Ted Sarandos said on a recent earnings call, according to Front Office Sports.

"That's a really fantastic thing, but it doesn't really change the underlying economics of full-season, big-league sports being extremely challenging."



F1 Title Fight Is Increasingly Focused on McLaren but Verstappen Says He’s Still Hopeful

 Red Bull Racing's Dutch driver Max Verstappen attends a press conference ahead of the 2023 Saudi Arabia Formula One Grand Prix at the Jeddah Corniche Circuit on April 17, 2025. (AFP)
Red Bull Racing's Dutch driver Max Verstappen attends a press conference ahead of the 2023 Saudi Arabia Formula One Grand Prix at the Jeddah Corniche Circuit on April 17, 2025. (AFP)
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F1 Title Fight Is Increasingly Focused on McLaren but Verstappen Says He’s Still Hopeful

 Red Bull Racing's Dutch driver Max Verstappen attends a press conference ahead of the 2023 Saudi Arabia Formula One Grand Prix at the Jeddah Corniche Circuit on April 17, 2025. (AFP)
Red Bull Racing's Dutch driver Max Verstappen attends a press conference ahead of the 2023 Saudi Arabia Formula One Grand Prix at the Jeddah Corniche Circuit on April 17, 2025. (AFP)

Ahead of Sunday's Saudi Arabian Grand Prix this Formula 1 season is looking like McLaren vs. McLaren. Still, defending champion Max Verstappen of Red Bull says he hasn't lost hope.

McLaren drivers Lando Norris and Oscar Piastri are the only ones to consistently have the pace through the first four rounds of the championship. Norris has a three-point lead but admits he isn't at his best, while Piastri is the driver with momentum after winning in Bahrain last week.

Ferrari, Red Bull and Mercedes have all had their moments, but none has been a consistent challenger, as McLaren's 58-point constructors' championship lead shows.

Verstappen is the only non-McLaren driver to win a Grand Prix this season but in Bahrain he was struggling so much that Red Bull motorsport adviser Helmut Marko said he was concerned Verstappen might consider his future.

Verstappen said this week he wasn’t considering the championship picture this early in the season.

“I’m not thinking about that. I just go race by race,” Verstappen said. “I think at the moment, of course, we are not the quickest. So then naturally, it’s very tough to fight for a championship, but it’s still a very long road... I’m hopeful that we can still improve things and we’ll see what we get.”

Two-time champion Fernando Alonso dampened speculation Verstappen could seek to join his team, Aston Martin, after Red Bull car designer Adrian Newey made that move last year.

Asked if he’d welcome being Verstappen’s teammate, Alonso said Thursday: “Yes, but it’s unlikely to happen. Very unlikely.” Alonso’s current teammate is Lance Stroll, son of team owner Lawrence Stroll.

Jeddah hosts the fifth race in six weeks in a hectic start to the season, which stays at a record 24 races. There's a little respite after Saudi Arabia, with two weeks till the next race in Miami.

“I think it’s on the upper end of the limit. It feels like race 10 already,” said Williams driver Alex Albon, adding it's especially tough on mechanics and other crew members.

“As drivers, we travel better than everyone else in the paddock. We stay in better hotels than everyone else in the paddock — it’s just a function of being in a privileged position. With mechanics... these are people with families. These are the people that really struggle.”

The rookies are still enjoying their first taste of F1, though.

“It’s just the beginning of my career, so I just want to keep racing and keep driving,” said Sauber's Gabriel Bortoleto. “I’m learning new things every single weekend, so for me, if I could have another race next weekend, I would be very happy as well.”