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Formula One CEO Talks Broadcast Rights Deal As Exclusive Negotiating Window With ESPN Expires
Formula One CEO Stefano Domenicali said various players are at the table for a U.S. rights deal after an exclusive negotiating window with ESPN expired.
Formula One CEO Stefano Domenicali said a number of players are at the table talking about a rights deal to start after ESPN ‘s contract expires at the end of 2025. “But when you think about media rights in today’s world — the broadcasters, the distribution partners and the IP holders — I think it’s a much more involved relationship … and I think that’s to everyone benefit in the ecosystem.” Chang, who replaced Greg Maffei last month at the helm of John Malone’s Liberty Media, the parent of F1, acknowledged that the economics for Vegas “missed internal expectations” but said the F1 team has moved quickly address issues and make changes “that will benefit 2025 and support a financially successful race for F1, continued growth and positive impact for the Las Vegas community … We now have two years of real data to understand what tickets and products sold well, the demographics of the fan base and the overall cost structure of the event.”
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