Broadcast on Canal + for the last four years, Formula 1 will extend its lease on the pay tv channel according to information from L’Equipe.
Canal + retains exclusivity for the 2018-2020 seasons rights for Formula 1, it has broadcasted since 2013, announced Thursday the owner of the encrypted channel group.
Canal + roundup rights at the expense of popular SFR, which was also in the running, corroborating sources. The agreement established with the new owner of Formula One Management, Liberty Media, also concerns the Formula 2 and GP3, the company said in a statement, without giving the amount of the transaction. In 2013, Canal + had paid 29 million euros per season, more of the production costs of 20 million per year to winning the F1 in its historical broadcaster TF1.
Back for the GP of France
“2018 will be marked by the return of the Grand Prix of France at Le Castellet on which occasion Canal deploy a large-scale special device” , says the group. The continuous news channels of the group, Infosport + and CNEWS also take turns “the best moments of the competition” , he said.
“This grant will also perfect sense within the Vivendi group that will work to expand the partnership with Formula One Management about the digital with Dailymotion, the gaming and music,” said Maxime Saada, General director of the group Canal +.
While many sports rights have been bought by its competitor beIN in recent years, Canal + has also retained some of Ligue 1 football, Top 14 rugby until 2023 and the NHL (Ice hockey), tennis tournaments at Monte Carlo and the BNP Paribas Masters and the Four Nations rugby.