F1

Once a staple for traditional media companies, the rights to sports leagues have proven to be strong telecasts for viewership and advertising revenue. Thanks to the success of a sports deal that has benefitted from Lionel Messi’s move to Major League Soccer (MLS), technology giant Apple Inc (...

Hollywood actors Ryan Reynolds and Rob McElhenney have reportedly acquired a stake in the Alpine Formula One team as part of a $218 million deal without putting in any of their own money.  According to The Mail, Reynolds and McElhenney agreed to join a consortium that purchased a 24% stake in...

Toto Wolff is the CEO and team principal of the Mercedes-AMG Petronas Formula 1 racing team, which includes drivers George Russell and Lewis Hamilton. In a recent interview, Wolff shared tips on managing superstars and for long-term success. What Happened: Wolff leads one of the top...

Hedge fund manager Bill Ackman has been known to make some startling calls, including a recent one that the U.S. economy is headed for a “train wreck.” Although, the billionaire investor could have a new place for investors to turn. What Happened: Ackman recently discussed his best...

Porsche will not be entering Formula 1 with Red Bull after all. Porsche was expected to purchase 50% of Red Bull’s F1 team and 50% of Powertrains, Red Bull’s new power unit manufacturer, according to a Financial Times report — but the pair weren’t able to...

Video game company Electronic Arts Inc (NASDAQ: EA) reported first-quarter financial results after the market close Tuesday. Here are the key highlights. What Happened: Electronic Arts reported first-quarter revenue of $1.767 billion, a 13.9% year-over-year increase. The total came in ahead of a...

The Denver Broncos are breaking records this week off the football field. The National Football League franchise is being sold to an ownership group that includes Rob Walton, one of the heirs of Walmart Inc. (NYSE: WMT), for a reported $4.65 billion. The sale price tops the $2.4 billion price tag...

Shareholders of Liberty Formula One (NASDAQ: FWONA)(NASDAQ: FWONK) could soon be excited as the global racing league continues to expand and grow its viewership across the U.S. The success will likely increase the amount the league gets in a new media rights deal. What Happened: As Benzinga...

Ever wanted to own a piece of a Formula One car? Winning an auction for a non-fungible token could complete the dream for many fans of the global racing sport. What Happened: Formula One, which is owned by Liberty Formula One Group (NASDAQ: FWONA)(NASDAQ: FWONK), is set to race its inaugural...

Racing league Formula One confirmed a third U.S. race to happen in 2023. Here are the details about the announcement and why continued growth for the league in the U.S. is so important for the company and potentially, the stock. What Happened: Formula One, a publicly-traded...

With popular golfer Tiger Woods' latest injuries, the world of golf and broadcast partners have been affected, as well. Could there be a major catalyst coming to the PGA Tour? What Happened: The team behind the popular “Formula 1: Drive to Survive” show on Netflix Inc (NASDAQ:...

Max Verstappen claimed his first F1 world championship title by overtaking rival Lewis Hamilton on the final lap of Sunday's Abu Dhabi Grand Prix.  Verstappen was able to catch and pass Hamilton after a late safety car restart. Although his victory could be in...

The Abu Dhabi Grand Prix is underway, it's the 22nd and final race in the 2021 Formula 1 season. For the first time since 1974, the Formula 1 finale will decide the winner of the season. Mercedes driver Lewis Hamilton and Red Bull driver Max...

A leading racing team is getting into the world of non-fungible tokens. What Happened: McLaren Racing is partnering with the Tezos proof of stake network and Sweet, a leading enterprise NFT solutions provider for the launch of NFTs. This marks the first integration of Tezos with Sweet. The...

Rights for original content continue to heat up for streaming companies. One area that has been hot in recent years is sports content as streaming companies lure this advertising stronghold away from traditional broadcasters. Netflix Inc (NASDAQ: NFLX) could grab rights for one of the largest...