Formula 1 has signed a package of media rights deals with broadcasters all over Asia after it lost its deal with the pan-regional broadcaster Fox Sports Asia.
Fox Sports Asia was shut down earlier in the year, which led to a termination of its agreement with Formula 1. They had earlier signed a deal for seven years from 2016 to 2022, which allowed the broadcaster to hold F1’s media rights all over Asia.
So to cover this loss, F1 has signed deals with multiple broadcasters all over the continent. It has signed deals with Now TV in Hong Kong, telco Singtel for media rights in Singapore, TrueVisions in Thailand, Emtek Group in Indonesia, and Tap DMV in the Philippines.
The broadcasting company, Astro will be seen airing F1 in Malaysia and Brunei; VSTV in Vietnam; and Canal+ in Myanmar.
Michaella Snoeck, head of media rights at Formula 1, said, “Following the closure of the Fox Sports channels in Asia, we’re very pleased to be entering these new partnerships in order to ensure that we can continue to bring the F1 action to our fans there.”
All these deals with multiple broadcasters not only include the Formula 1 World Championship but additionally, also include the media rights for its support championships – Formula 2, Formula 3, and the Porsche Supercup.
Formula 1 after several years will also be returning to free-to-air television in Indonesia after it signed a deal with broadcaster Emtek.
The broadcaster from Indonesia will be providing coverage of Formula 1, Formula 2, Formula 3 and the Porsche Supercup across multiple platforms: the linear free-to-air O Channel, the Champions TV pay-television channels, and streaming platform Vidio.