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Netflix eyes F1 rights takeover

:Headline: Netflix eyes F1 rights takeover:
The CEO of Netflix has admitted the company may be interested in buying the rights to Formula 1.
Sports Mole

The CEO of Netflix has admitted the company may be interested in buying the rights to Formula 1.

The world's most popular over-the-top streaming platform produces the official F1 documentary Drive to Survive, while specials about Ayrton Senna, Michael Schumacher and others have also been well received.

The next step, according to Netflix CEO Reed Hastings, is the actual F1 rights.

"With sports broadcasts, we have no control over the source," he told Der Spiegel.

"We do not own the Bundesliga, for example. They can make deals with whoever they want. But this kind of control would be a requirement so that we can make our customers a secure offer."

Formula 1's commercial rights are currently owned by Liberty Media, but there was recently speculation a Saudi Arabian group may be eyeing a takeover.

"A few years ago, the rights to Formula 1 were sold," Hastings said. "At that time we were not among the bidders. Today we would think about it."

Purists, however, have questioned the way Netflix covers Formula 1, likening it more to pure "entertainment" than a sincere covering of the facts.

Hastings does not exactly deny that.

"What Netflix does is entertainment, not journalism," he admits. "But we have certain standards and follow ethical principles."

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Premier League Table
TeamPWDLFAGDPTS
1Liverpool64201541114
2Manchester CityMan City64111211113
3Chelsea64111221013
4Manchester UnitedMan Utd6411135813
5Everton6411127513
6Brighton & Hove AlbionBrighton641185313
7West Ham UnitedWest Ham6321138511
8Aston Villa631297210
9Brentford62318539
10Arsenal6303510-59
11Tottenham HotspurSpurs630349-59
12Watford621379-27
13Leicester CityLeicester6213710-37
14Wolverhampton WanderersWolves620435-26
15Crystal Palace613269-36
16Southampton604247-34
17Newcastle UnitedNewcastle6033714-73
18Leeds UnitedLeeds6033614-83
19Burnley6024511-62
20Norwich CityNorwich6006216-140
Scroll for more - Tap for full version
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