Apple (NASDAQ:AAPL) and Formula 1 entered a five-year partnership to bring all F1 races exclusively to Apple TV in the U.S. from next year.
The financial terms of the deal were not disclosed, but Variety reported that the streaming deal is worth about $750M.
Apple did not immediately respond to a request for comment from Seeking Alpha about the deal value.
Apple said the partnership builds on its relationship with Formula 1 following the global success of F1 The Movie, which was the highest-grossing sports movie of all time.
The U.S. tech giant noted that Apple TV will deliver coverage of Formula 1, with all practice, qualifying, Sprint sessions, and Grands Prix available to Apple TV subscribers. Select races and all practice sessions will also be available for free in the Apple TV app throughout the season.
In addition to broadcasting Formula 1 on Apple TV, Apple will amplify the sport across Apple News, Apple Maps, Apple Music, and Apple Fitness+.
Apple Sports, the free app for iPhone, will feature live updates for every qualifying, Sprint, and race for each Grand Prix in the season, with real-time leaderboards, season driver and constructor standings, Live Activities to follow on the Lock Screen, and a designated widget for the iPhone Home Screen, according to the company.
F1’s own premier content offering, F1 TV Premium, will continue to be available in the U.S. via an Apple TV subscription only and will be free for those who subscribe.
Walt Disney-owned (NYSE:DIS) ESPN currently has rights to broadcast F1 races for this year.
The racing sport has piqued the interest of viewers for many years, especially with the success of Netflix’s (NASDAQ:NFLX) series Formula 1: Drive to Survive.
Apple’s F1 The Movie will make its global streaming debut on Apple TV on Dec. 12, 2025.