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Disney to keep Formula One TV rights at 1,500% premium as popularity surges

The company will pay between $75 million and $90 million a year for the rights as part of a three-year deal

Formula One, Disney TV Rights
premium

Disney will show most of the car races on the TV networks ABC or ESPN, but can also put events on the sports-streaming service ESPN+

Lucas Shaw | Bloomberg
Walt Disney Co. renewed its deal to show Formula One races in the US, paying at least a 1,500% premium to hold on to the sport as its popularity surges, according to a person familiar with the deal.

The company will pay between $75 million and $90 million a year for the rights as part of a three-year deal, said the person, who asked not to be identified because the talks are private. Disney had been paying about $5 million a year under its previous deal, the person said.

Disney will show most of the car races on the TV networks ABC