Apple explores $2 billion bid for exclusive Formula 1 global streaming rights: Report
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In a bold move that could reshape the world of sports streaming, Apple is reportedly eyeing a potential deal worth $2 billion per year for exclusive streaming rights to Formula 1 coverage. This move signals Apple's continued expansion into the realm of sports entertainment, following its successful forays into MLB "Friday Night Baseball" and the MLS Season Pass on Apple TV+.A Lucrative Proposition for Formula 1According to reports from Business F1 Magazine, Apple is crafting an offer that the Formula 1 Group simply "cannot refuse." The proposed deal, if accepted, would double the revenue received by the Formula 1 Group for global TV rights. However, it's important to note that securing global rights may not be an immediate possibility, given the existing contractual agreements wi...