Racers barrel down the track at the F1 Grand Prix of Brazil on Nov. 3. Photo: Mark Thompson/Getty Images
Netflix is weighing a bid for Formula One broadcasting rights, the New York Times reported today.
Why it matters: The streaming giant is delving deeper into live sports after two Christmas Day NFL games and the Mike Tyson-Jake Paul boxing match delivered huge audiences.
State of play: Netflix enjoyed success with its popular docuseries "Drive to Survive" about F1, but the sport's live races currently air on ESPN in the U.S.
"ESPN's exclusivity period to bid on the broadcast rights beyond 2025 has now expired, sparking a fresh round of interest from broadcasters in picking up the American rights package," NYT reports.
