Overview
- Fox purchased a 33% interest in Penske Entertainment, gaining part-ownership of the NTT IndyCar Series and the Indianapolis Motor Speedway for a reported $125 million to $135 million.
- The agreement includes a multi-year extension of Fox Sports’ exclusive broadcast rights for IndyCar, solidifying its role as the series’ long-term network partner.
- In its debut season, Fox delivered a 41% jump in Indianapolis 500 viewership to 7.01 million and a 31% increase in average series ratings year-over-year.
- Penske and Fox outlined growth initiatives focused on a hyper-engaged digital strategy, immersive multimedia content and enhanced driver star-building programs.
- The partners confirmed plans for new street races in 2026, including events in Arlington, Texas, and Mexico City, as part of their expansion strategy.