Method 1 will introduce a “premium” model of its official streaming service F1 TV, providing new options to viewers for the primary time.
The brand new providing will function 4K footage, new feed choices and permits viewers to look at on as much as six completely different gadgets.
The premium tier is anticipated to sit down alongside the present packages: F1 TV Professional, which provides dwell streams of monitor motion, and F1 TV Entry, which doesn’t. No worth has been introduced for the brand new premium service. F1 TV Professional, which was accessible in 92 territories final yr, was priced at $84.99 (£67) yearly within the USA.
F1 CEO Stefano Domenicali revealed their plans for the brand new tier final week, after confirming F1 TV subscriptions rose by 15% in 2024. “Capitalising on this success, we’re launching a brand new higher-priced premium tier this yr to focus on avid followers,” he stated.
“It can supply enhanced performance, together with 4K ultra-high definition, multi-view, a digital pit wall, and the flexibility to look at throughout as much as six gadgets.”
F1 expects to see additional progress in subscriptions this yr and elevated income on account of the brand new premium tier. The USA stays the most important marketplace for F1 TV, however FOM can also be in negotiations with conventional broadcasters, as its present take care of ESPN will expire on the finish of this yr.
ESPN didn’t agree phrases earlier than its unique negotiation interval with FOM expired. However amid hypothesis F1 may attain a take care of Netflix, Domenicali confirmed FOM are nonetheless in discussions with ESPN.
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“With regard to ESPN and Method 1, let me say that I can deny the form of scenario that’s damaging as a result of, initially, we must be grateful for what ESPN is offering to us,” he stated. “We’re very glad in regards to the high quality of the service. We have to at all times keep in mind that they have been first to imagine in our mission.
“So due to this fact, the truth that on the finish of the exclusivity interval, they haven’t put in place a proper supply, it doesn’t imply that the discussions are [not] going forward. Really, it’s the opposite approach round. So there are nonetheless a number of discussions to attempt to discover the most effective answer.
“After all, now, as we at all times stated, is the month the place different gamers are across the desk. And we can not deny the actual fact that there’s a lot of curiosity round our product. We’re lucky sufficient to have compelling content material and a rising fan base and a robust demand for various conditions from varied events.
“As we at all times stated, there’s the large level associated to the truth that, from one aspect, we at all times wish to maximise the monetisation of our media rights, however on the opposite aspect, we have to be sure that additionally, when it comes to consciousness, when it comes to progress of our fan base, we have to attempt to discover one of the simplest ways when it comes to attain. Subsequently, these are the 2 questions, the 2 factors which might be on the desk. We’ve a number of gamers that we’re discussing with.”
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