Apple (AAPL) is in discussions to acquire the U.S. rights to screen Formula 1 as the company works to continue the success of its hit movie based on the race car series, Samuel Agini and Michael Acton of The Financial Times reports. Apple is challenging Disney’s (DIS) ESPN, which is currently Formula 1’s American broadcaster, when the contract becomes available next year, two people familiar with discussions said.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- Apple COO retirement marks continued changing of guard, says Morgan Stanley
- Apple’s Leadership Transition and Operational Stability Underpin Buy Rating
- Apple (AAPL) Sets Sights on Formula 1 Broadcast Rights as Brad Pitt’s Movie Sparks Interest
- Apple (AAPL) Chief Operating Officer Jeff Williams Announces Retirement
- Epic Games Reaches a Settlement with Samsung (SSNLF) in Alternative App Store Lawsuit