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F1 Rights Move From NBC To ESPN In New Multiyear Rights Deal

F1 will move from NBC Sports to ESPN next year as part of a multiyear rights deal that is expected to be announced later today. Neither side would comment on financials, but ESPN is not believed to be paying a rights fee for the programming and will rely on a world feed to carry the races. The circuit's OTT rights are not part of this deal, as F1 will retain control over those rights -- a position that proved to be a sticking point with NBC, which had carried races on NBCSN since '13. F1 also pushed for a shorter deal length. The circuit, which is trying to build itself up under new ownership, did not want its U.S. rights to be tied down in any kind of long-term deal, sources said.

ESPN committed to televise all 21 races live next year -- 16 on ESPN2, three on ESPN and two on ABC. ABC will re-air the May 27 Monaco Grand Prix in the timeslot following the Indianapolis 500. ESPN has committed to carry all practice sessions, qualifying and races live and in replay on one of its platforms next year.

“We had the ability on Sunday mornings on ESPN2 to slide the races right into the schedule,” ESPN Exec VP/Programming & Scheduling Burke Magnus said. “The design here is to lean heavily into the sport once again. It’s been a few years. We want to make it a big deal again.”

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SBJ Morning Buzzcast: March 25, 2024

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Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

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