Formula One Management (FOM)
Interview with Kim Mikkelsen, SVP group head of sports at Nordic Entertainment Group, about the company’s host of media-rights deals in recent weeks, including English Premier League, Formula One, International Handball Federation and European Handball Federation agreements.
Formula One has told TV Sports Markets its OTT subscription platform, F1 TV, will not have short-term subscriber targets as it looks to build a durable digital presence.
Saran Media has renewed its Formula One rights in Turkey for the next three years, from 2018 to 2020, in a deal thought to have remained roughly flat on the previous cycle
Interview with Frank Arthofer, Formula One’s director of digital, licensing and new business, about the forthcoming launch of F1 TV Pro and F1 TV Access, the championship’s own OTT services.
Pay-television operator Sky Italia believes its acquisition of exclusive rights to motor racing’s Formula One world championship can expand its subscriber base, which has been stuck at 4.7m to 4.8m for more than five years.
The value of Formula One media rights in Germany will fall from 2018 onward following a flat renewal with RTL and the decision to not sell pay-television rights.
Increased exclusivity encouraged telco Telefónica to maintain its fee to renew Formula One media rights in Spain this month despite a dearth of competition.
Fox Sports Latin America’s deal for Formula One rights in the region is less valuable than Mediapro’s recently broken agreement, but much more expensive than the pay-television broadcaster’s previous deals
The desire for flexibility around its yet-to-launch OTT service drove Formula One Management to agree a new deal with sports broadcaster ESPN in the US last month.
Financial problems at its free-to-air partner Ten led Formula One Management to strike a new deal in Australia, handing much more exclusivity to pay-television broadcaster Fox Sports.
Formula One Management has increased its media-rights income from France following last week’s free-to-air deal with commercial broadcaster TF1.
African telco Econet has continued to spend its billion-dollar sports-rights acquisition budget in recent weeks, buying Formula One, National Football League and Brazilian football rights.
The Sports Channel has renewed a host of rights in recent weeks as it seeks to solidify its position in the Israeli broadcast market.
The Pitch International agency this month acquired Formula One and LaLiga rights as part of a move to create a new in-flight offering, TV Sports Markets understands.
The price of Formula One media rights has fallen and stayed flat in recent deals for Austria and Russia respectively, reflecting the lack of competition for the property in both markets.
Moving coverage exclusively to pay-television in the UK helped Formula One Management increase its media-rights value significantly last month.