Formula One

Anyone who has watched a Formula 1 race in 2021 knows it has been one of the most memorable seasons the sport has ever seen. Viewers and followers also know the season has produced a heated rivalry between the two best drivers. Those two drivers battle it out on Dec. 12 in the...

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...

The Forbes Top 10 Highest Paid Athletes list had a record four $100 million earners for the period of May 1, 2020 to May 1, 2021. The previous three years contained three $100 million earners. The $1.05 billion earned by this year's top 10 was up 28% from last year's and came...

One of the most popular sports in the world is Formula One, but the racing league does not attract the same viewership numbers in the U.S. as it does in other markets. That could be changing thanks to a docuseries on Netflix. Netflix Series: Netflix Inc (NASDAQ: NFLX) launched a documentaries...

Less than a year after launching a dedicated sports betting ETF, the team at Roundhill Investments is bringing a new sports ETF to market. Roundhill MVP: On Wednesday, the Roundhill MVP ETF (NYSE: MVP) begins trading as the first ETF designed to invest in professional sports teams and leagues....

Formula One, the motorsports owned by Liberty Media Formula One (NASDAQ: FWONA) (NASDAQ: FWONK), is in "active talks" with Amazon.com, Inc (NASDAQ: AMZN) to stream its Grand Prix races, the Financial Times reports. What Happened: Formula One is the world'...

Traditional sports leagues have crumbled beneath the COVID-19 outbreak. Cancellations have left athletes and organizations aimless, and many of them are turning toward esports to fill the void. By creating brand new virtual events, players can continues their seasons straight from the safety of...

It’s been an exceptional year so far for World Wrestling Entertainment, Inc (NYSE: WWE) stock and its investors, but one Wall Street analyst says there’s still WWE shares deserve their lofty valuation. The Analyst Citi analyst Jason Bazinet reiterated his Neutral rating and raised...

It’s never an easy decision for a successful company’s management to commit to a change in strategy to keep pace with the times. However, World Wrestling Entertainment, Inc. (NYSE: WWE)’s pivot from a pay-per-view (PPV) model to a subscription-based model has been a huge success,...

Wunderlich has maintained its Hold rating on Liberty Media Group (NASDAQ: LMCA), which brought more Formula 1 investors on board via $1.55 billion share sale at a discount. Liberty issued shares of its Series C Liberty Media common stock at a price of $25.00 per share in connection with its...

FBN Securities sees Liberty Media Group (NASDAQ: LMCA)'s Formula One deal as a game changer, given the $33.68 fair value for the company's shares, which is 17.54 percent above its current weighted average level. Catalyst The firm noted that Liberty Media announced its decision to buy Formula One...

Wunderlich has cut Liberty Media Group (NASDAQ: LMCA) to Hold from Buy on valuation following its deal to buy Formula One. "We remain ardent F1 acquisition enthusiasts, given Liberty's knowledge of the global sports biz, but feel that its stock price already largely reflects intermediate F1 upside...

According to the Financial Times, Apple Inc. (NASDAQ: AAPL) approached McLaren Technology Group, the British-based supercar engineer and Formula One team owner, over a potential acquisition. The Financial Times, citing "three people briefed on the negotiations," reported that Apple approached the...