F1 confirms latest refreshed TV deal

Formula 1 has continued its next shake-up of the current TV deals with a new five-year partnership with FOX Sports for the Latin America.

FOX Sports will continue its existing agreement with F1 on new terms from 2018 until 2022 with the company holding exclusive broadcasting rights of the sport on TV and digital platforms throughout Latin America – with the exception of Brazil.

The new deal includes all free practice, qualifying and races plus addition programming as well as coverage of the FIA Formula 2 championship and GP3 Series.

F1 has also retained the rights to licence live free-to-air coverage of any races in the region “in the relevant market” – expected to be just the Mexican Grand Prix – and delayed free-to-air highlights everywhere else in the region.

The Latin America TV contract is the latest in a run of recent deals completed by new F1 owners Liberty Media to shake-up its broadcasting arrangement. Last week a new contract was confirmed in Spain with Movistar+ while new deals have also been reached in Australia, France, Germany and the United States.

“We are very happy to have FOX Sports as a partner in Latin America for the next five years,” Ian Holmes, Director of Media Rights in F1, said.

“This new agreement represents a great opportunity and will allow us to bring the FIA Formula 1 World Championship in 19 countries throughout South and Central America where Formula 1 has a strongly established tradition as well as huge potential to gather and galvanise new fans.”