ESPN Renews Formula 1 Rights In U.S., Outmaneuvering Netflix And Other Tech Suitors – Report – Deadline

U.S. media rights to Liberty Media’s rising auto racing circuit Formula 1 have reportedly been renewed by ESPN through 2025 after the Disney-owned sports operation outmaneuvered Netflix and other tech suitors.

The pact is worth in the area of $75 million to $90 million a year, according…