ESPN Renews Formula 1 Rights In U.S.

F1 and ESPN have agreed to a three-year contract for U.S. broadcast rights worth $75 million to $90 million annually, per Sports Business Journal.

Most races will be on ESPN or ABC, both of which are owned by Disney. ESPN will also have the option to air a certain number of races on its ESPN+ streaming service.

• ESPN’s current deal, which was signed in 2019 and expires this year, was worth $5 million per year.
• Amazon and Comcast also submitted bids but were informed by F1 that those proposals have been rejected. Amazon’s bid was reportedly around $100 million.