Apple is reportedly in talks to acquire the streaming rights for Formula 1 in the United States following the success of 'F1: The Movie.'
This move puts Apple in competition with Disney's ESPN, the current American broadcaster for Formula 1, which pays $85 million annually for the rights.
Formula 1 viewership has been increasing, with the potential for a new U.S. streaming deal to be worth over $121 million per year.
Apple, already streaming live sports like Major League Baseball and Major League Soccer, may add Formula 1 to its portfolio after the success of 'F1: The Movie.'