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Benzinga
Benzinga
Entertainment
Chris Katje

Formula One Excitement Bodes Well For Shareholders As Rights Deal, Brad Pitt Film Move Forward

F1 Brad Pitt Nasdaq Netflix ESPN United States NBCUniversal Reed Hastings Amazon Apple

Shareholders of Liberty Formula One (NASDAQ:FWONA)(NASDAQ:FWONK) could soon be excited as the global racing league continues to expand and grow its viewership across the U.S. The success will likely increase the amount the league gets in a new media rights deal.

What Happened: As Benzinga previously reported, the media rights for Formula One are up for grabs in 2023. Renewing the rights will be no easy task for Walt Disney Co. (NYSE:DIS) unit ESPN, which has held the U.S. rights to Formula One since 2017.

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