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Netflix would consider F1 ownership bid
Netflix is open to bidding on F1 should Liberty Media look to sell Netflix would consider buying Formula 1 should Liberty Media look to sell its commercial rights to the sport. Liberty Media acquired the commercial rights to F1 from CVC Capital in 2016 for USD 4.4 billion. Since then, the sport has become more accessible, thanks in no small part to the Drive to Survive docuseries on Netflix. Company CEO, Reed Hastings, has now been quoted in Germany’s Der Spiegel that he would consider bidding for F1 in future. 'A few years back, the Formula 1 rights were sold,' Hastings said. 'At that time, we were not among the bidders, but today we would definitely consider that now.' Such a move...
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