Aug.9 (GMM) Liberty Media will continue to push Formula 1 off free-to-air television.
The latest news from Italy is that pay broadcaster Sky could be set to give up the rights, with the free-to-air Rai interested in picking them up.
It is believed a meeting will take place between a Rai delegation and Chase Carey in September.
But more generally, F1 CEO Carey seems keen to maintain the trend away from free-to-air television coverage, because “that is where the world is going”.
Writing in Forbes, F1 business journalist Christian Sylt says the sport’s television ratings have crashed by 18 per cent over the past 11 years.
Deals with pay networks are more lucrative for Liberty Media, but as a result the audience shrinks.
Carey doesn’t deny that, admitting the 2019 audience is down “a few percentage points” so far this year. But he said of that decline: “I’d say it has been ok.”
At the same time, Liberty has been pushing its new internet streaming service, even though a new report by Bank of America Merill Lynch predicts that F1 TV will make “no revenue” for the next few years.
F1 TV has also been woefully unreliable, but Carey insists Liberty has actually made “good strides” with the service.
23/01/2018 Bratches defends F1 internet-pay TV plans Jan.23 (GMM) Sean Bratches has defended Liberty Media's plans to ramp up internet coverage of F1 while moving the sport away from free-to-air television.
Fans have noticed recently that […]
15/11/2016 Ecclestone cool on internet streaming idea Nov.15 (GMM) Bernie Ecclestone has given a cool reception to some of Liberty Media's apparent plans for the future of F1.
One rumoured change is that the sport will move into the realm […]
13/05/2018 Liberty refunds money after F1 streaming launch May 13 (GMM) F1 fans are getting a refund after a shambolic debut for Liberty Media's new live streaming service.
Following a delay, F1 TV was finally launched in Barcelona, but […]
09/11/2016 Liberty looking at F1 internet streaming Nov.9 (GMM) F1 looks set to finally enter the world of live streaming.
Internet broadcasting has always been ruled out by Bernie Ecclestone, on the basis that the success of the sport's […]
07/03/2017 Liberty scoffs at F1 TV deal in US Mar.7 (GMM) Liberty Media chief executive Greg Maffei has scoffed at the amount paid for F1's television rights by the American broadcaster NBC.
Headed by US media tycoon John Malone, […]
10/05/2019 Carey expecting more problems for F1 TV May 10 (GMM) Chase Carey says he feels "pretty good" about F1's live streaming service.
That is despite the fact that 'F1 TV' has been plagued with problems from the beginning, and they […]
21/10/2017 F1 eyes Netflix deal for 2018 Oct.21 (GMM) F1 could be set to team up with the popular internet streaming service Netflix.
Germany's Welt newspaper reports that Liberty Media is in talks with the American internet […]
06/03/2019 Liberty preparing F1 for ‘Brexit’ Mar.6 (GMM) Liberty Media is working on "contingency plans" in the event that a so-called 'no deal Brexit' proceeds at the end of the month.
Mercedes' boss Toto Wolff has already warned […]
30/01/2017 FIA ‘fair’ amid $80m windfall controversy – Carey Jan.30 (GMM) Chase Carey says the FIA is "fair" and "even-handed", amid a bubbling controversy that could spell trouble for Liberty Media's F1 buyout.
Because the governing body owns a 1 […]