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- Apple (NASDAQ:AAPL) has become the frontrunner to secure U.S. streaming rights for Formula 1 races, beating the current rights holder, Walt Disney’s (NYSE:DIS) ESPN unit, The Business Insider reported, citing a source familiar with the matter.
- The iPhone maker has offered at least $150M annually to buy the rights to stream F1 races in the U.S. from 2026, a bid ESPN, which has been reportedly paying about $85M per year for its rights, isn’t expected to match or beat.
- While negotiations are ongoing, Apple (NASDAQ:AAPL) is poised to secure rights for its third sports streaming offering starting next year, assuming there are no last-minute changes, the publication reported.
- The Cupertino, California-based tech giant currently holds rights to stream some pro baseball games and the full slate of Major League Soccer’s games.