NBC Sports Group signed a four-year deal with Formula One for the elite U.S. media rights to the world's most accepted worldwide motorsports series. The deal, which begins next period, will give over 100 hours of programming crossways NBC and cable channel NBC Sports Network.
Jon Miller, president of indoctrination for NBC Sports and NBC Sports Network, told The Associated Press on Sunday night it gives the network happy to grow its motorsports company. NBC Sports Network owns the rights to the bulk of the IndyCar Series agenda.
"This is an occasion for us to get further occupied in open wheel racing and actually obtain some great live first run content," Miller told the related Press on Sunday night. "This gives us excellence proceedings to put on our air, and this is a sport with a enormous following around the world that we feel we can grow in this country."
The agreement between NBC Sports Group and Formula One Management convey an end to the 17-year run cable channel Speed had as the U.S. rights owner to F1. A spokesman for parent corporation Fox Sports told The AP on Friday that Speed had been outbid by one more network during contract conference.
Miller said only that NBC Sports Group had made "a important monetary commitment" and that a conversation that began several months ago with FOM rapidly came mutually in this four-year agreement.
"NBC and its variety of media property have a huge profile all through the United States and I am clearly delighted to have completed this agreement," Bernie Ecclestone, Formula One Group CEO, said in a declaration.