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Formula 1 Secures Streaming Deal with Apple
On October 17, 2023, Apple (NASDAQ: AAPL) announced a five-year partnership with Formula 1 to stream its races exclusively on Apple TV starting in 2026. The deal is estimated at $750 million, averaging $150 million annually, significantly higher than the $90 million per year paid by ESPN, whose rights expire at the end of 2025.
Formula 1’s stock, linked to Liberty Media Group, showed recent fluctuations, with FWONK shares reaching a near five-month low of $94.30 on October 24, 2023. This decline follows record highs in early October 2025, raising investor interest as TD Asset Management acquired over 150,000 shares valued at approximately $115 million.
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