BBC to pull out of F1 entirely.
Discussion
Looks like it's definitely gone.
http://www.broadcastnow.co.uk/news/itv-to-step-in-...
Tens of millions termination fee! fk me
http://www.broadcastnow.co.uk/news/itv-to-step-in-...
Article said:
The BBC is to back out of its Formula 1 coverage three years early, with ITV poised to pick up free-to-air rights from next season.
Broadcast understands ITV is ready to swoop for the motorsport in a deal that will allow the commercial broadcaster to follow Lewis Hamilton’s title defence from the first race in Australia on 20 March 2016.
Like the BBC, ITV will broadcast a selection of races live, while others will be covered via highlights. Sky Sports’ coverage is unlikely to be impacted by the change.
The commercial PSB is ready to step in after the BBC decided to walk away early from its seven-year deal, which was due to run until 2018, as it battles to cut costs.
Sources have indicated that the BBC could save up to £60m per season - or around £180m in total - as a result of its U-turn, but will have to pay F1 rights-holder Bernie Ecclestone a termination fee, which could run to tens of millions of pounds.
Broadcast understands ITV is ready to swoop for the motorsport in a deal that will allow the commercial broadcaster to follow Lewis Hamilton’s title defence from the first race in Australia on 20 March 2016.
Like the BBC, ITV will broadcast a selection of races live, while others will be covered via highlights. Sky Sports’ coverage is unlikely to be impacted by the change.
The commercial PSB is ready to step in after the BBC decided to walk away early from its seven-year deal, which was due to run until 2018, as it battles to cut costs.
Sources have indicated that the BBC could save up to £60m per season - or around £180m in total - as a result of its U-turn, but will have to pay F1 rights-holder Bernie Ecclestone a termination fee, which could run to tens of millions of pounds.
Tens of millions termination fee! fk me
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