Netflix Reportedly Considering Bid for U.S. Formula 1 Broadcast Rights

The streaming giant may expand its live sports portfolio as ESPN's exclusive negotiation window for F1 rights has ended.

Netflix is reportedly exploring a bid for the U.S. Formula 1 broadcast rights starting in 2026, following the expiration of ESPN's exclusivity period to negotiate a renewal deal.
The move would mark Netflix's first major foray into acquiring season-long mainstream sports rights, as it continues to expand its live sports offerings.
Formula 1's popularity in the U.S. has surged, partly due to Netflix's hit docuseries 'Drive to Survive,' with U.S. TV audiences for F1 races doubling since 2018.
Netflix faces competition from other potential bidders, including Amazon and Apple, while ESPN has expressed interest in retaining the rights.
The current U.S. F1 broadcast deal with ESPN is valued at $75-90 million annually, but the next rights package is expected to see increased value due to rising interest in the sport.