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SBD Global/February 15, 2013/Media
Pay-TV Group Canal+ Beats Out TF1 To Acquire F1 Rights In France For $38M Annually
Published February 15, 2013
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WALKING ON WATER: LE NOUVEL OBSERVATEUR's Jérôme Lefilliâtre opined Canal+ is "walking on water." Not long after renewing its rights for the Premier League, the pay-TV channel has now "acquired a prestigious victory by nabbing the F1 rights." It is another "significant investment" for the group, which will pay between €150-200M ($200-267M) for the EPL rights and already spends €420M ($560) "a season for French football" (LE NOUVEL OBSERVATEUR, 2/14).