After months of rumors and speculation, Apple on Friday announced it will offer live races from Formula 1 on an exclusive basis for fans in the United States.
The deal is worth around $160 million per year and will run for five years, according to ESPN, the Disney-owned sports network that is set to lose its TV rights to Formula 1 races.
ESPN began offering Formula 1 events on television in 2018, and its rights deal runs through the end of the year.
“We’re incredibly proud of what we and Formula 1 accomplished together in the United States and look forward to a strong finish in this final season,…
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