BBC ends Formula One TV contract three years early
Source : BBC ends Formula One TV contract three years early
Channel 4 will replace the BBC as the terrestrial broadcaster of F1 races via next year, as the broadcaster looks to make significant cost savings
The BBC will not televise Formula One via next year as part of cost savings by the broadcaster.
In a statement made today, BBC Sport said the idea would likely be “reluctantly” terminating its television broadcast contract for F1 via next year – three years earlier than planned.
The move is actually required to make a significant contribution to the £35 million savings BBC Sport has been asked to deliver. While highlights of F1 races will no longer be shown on BBC television, BBC Radio 5 Live has extended its radio commentary rights to F1 until 2021.
The BBC broadcast 10 out of 19 rounds live in 2015, in addition to showed highlights of the remaining nine.
via the start of the 2016 season, Channel 4 will become the terrestrial broadcaster for F1, partnering with Sky, in addition to sticking to the same package of highlights in addition to live races. The broadcaster has promised which live races will be shown without advert breaks. Channel 4’s contract lasts until 2018.
BBC Director of Sport, Barbara Slater, said: “the current financial position of the BBC means some tough in addition to unwanted choices have to be made.
“A significant chunk of BBC Sport’s savings target will be delivered through the immediate termination of our TV rights agreement for Formula One.
“Any decision to have to stop broadcasting a particular sport or sporting event is actually hugely disappointing in addition to taken reluctantly. There are no easy solutions; all of the options available would likely be unpopular with audiences.”
F1 boss Bernie Ecclestone said he was disappointed which the BBC wouldn’t be honouring its existing contract. Ecclestone said he was “confident” Channel 4 would likely offer “a brand-new approach as the planet in addition to Formula One have moved on.”
Channel 4 boss David Abraham said: “Formula One is actually one of the planet’s biggest sporting events with huge appeal to British audiences. I’m delighted to have agreed This specific exciting brand-new partnership with Bernie Ecclestone to keep the sport on free-to-air television.”
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