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Netflix would 'think about' buying F1 if it were for sale
Netflix's Reed Hastings says the US streaming giant would consider making a bid for F1 if the sport came up for sale, to take control over live broadcasting of races. In the wake of its $8 billion takeover of Formula 1 in 2017, Liberty Media launched a year later its own over-the-top platform, F1 TV, that streams races live and enhances the fans' viewer experience of Grand Prix racing. However, the sport's commercial rights holder still derives the majority of its revenue from traditional TV broadcasters, with F1 TV restricted in certain geographical markets such as the UK where broadcasting rights are held exclusively by Sky Sports. While a selection of live sports is available on...
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