Formula One owner Liberty Media has bought a majority stake in European-based MotoGP in a deal reported to be worth approximately $4.5 billion. Liberty Media, the USA-based media conglomerate, took control of Formula 1 in 2017, has purchased the majority stake in the motorbike racing series from Spanish company Dorna Sports, which has owned MotoGP […]
Formula One’s parent company, Liberty Media – controlled by billionaire mogul John Malone – reported higher third-quarter earnings of $268 million, up from $168 million in the year-ago period. In addition to Formula One, Liberty Media also owns the Atlanta Braves of Major League Baseball and SiriusXM. For their part of the third quarter report, […]
Liberty Media’s Formula One Group will be launching their F1 TV Pro streaming service in time to coincide with the 2018 Spanish Grand Prix. In addition to the streaming service, Liberty’s Formula One Group made a long-term deal with China Central television [the Chinese state-owned broadcaster] to provide F1 programming to that country for the […]
Formula One might join the 21st century just in time for the next decade as new owner Liberty Media’s CEO Greg Maffei has indicated that they are “excited” about creating an exclusive streaming service for races in the coming years. When that might actually occur though, is anybody’s guess as the most imposing hurdles preventing […]
North America beckons – at least that is how Liberty Media – the new Formula One corporate overlords – see it. With the elimination of USA-hating, dictator-loving current Formula chief crusty barnacle, Bernie Ecclestone, on the horizon, Liberty Media have already begun to speculate on potential North American F1 race locales – such as Las […]
The good news? Formula One has new owners. The bad news? Bernie Ecclestone appears to be staying. Formula One was officially purchased by Liberty Media [and, essentially, its owner, John Malone]. Liberty [which also owns Major League Baseball team, Atlanta raves] will be purchasing 18.7% initially [for 4.4 billion American dollars] in what will eventually […]