Formula 1 has announced that Movistar+ has extended their TV rights agreement to exclusively show the full FIA Formula 1 World Championship until the end of 2023 in Spain and Andorra.
Movistar+ is the first platform in Spain and Andorra to have a dedicated 24/7 F1 Channel, guaranteeing live coverage of all the Grands Prix. The channel also provides fans with a top weekly magazine show ‘#Vamos Sobre Ruedas' which discusses all the latest action from the world of Formula 1.
As part of the new agreement Movistar+ will also gain enhanced digital rights to increase the sports offering on its digital and social platforms, ensuring fans have more access than ever before.
“We’re thrilled to extend our partnership with Movistar+ as they continue to provide outstanding and in-depth coverage of the sport,” says Ian Holmes, director, media rights, Formula 1. “Spain is an important market for us, especially with such brilliant Spanish talent growing in the championship like Carlos Sainz and Fernando Alonzo making his much-anticipated return next season. We look forward to continuing to grow our relationship with Movistar+ as the sport enters an exciting new era.”
Formula 1 recently took part in a panel discussion at this year’s Festival of Licensing. The organization highlighted how racing was able to find success as live events were temporarily shuttered due to social distancing measures.