Formula One has announced a three season TV rights contract extension with Movistar+ until end of 2023 season in Spain and Andorra.
This new agreement will see Movistar+ continue to be the exclusive home of F1 coverage for a further three seasons in Spain and Andorra, complete with the continuation of their 24/7 F1 channel.
Movistar+ will also gain more digital rights than ever before, ensuring enhanced coverage on its digital and social media platforms.
Speaking on Movistar+ decision to extend their contract, Sport Director of Movistar+, Juan Andres Garcia Ropero said; “F1 is one of the most in demanded competitions from our customers, we have a dedicate 24/7 channel, which has great dedicated content each weekend.”
Ropero also noted the timing of this announcement as Fernando Alonso prepares for his return and Carlos Sainz moves to Ferrari next season, saying; “This good news comes at the best possible time, with audiences rising at every Grand Prix and with a very exciting upcoming future, thanks to the return of Fernando Alonso and Carlos Sainz joining Ferrari.”
Movistar+ decision to sign a new broadcasting contract has been praised by F1’s Director of Media Rights, Ian Holmes who released a statement saying; “We’re thrilled to extend our partnership with Movistar+ as they continue to provide outstanding and in-depth coverage of the sport.”
Holmes in particular described Spain as “an important market…” for F1 with Sainz and Alonso set to compete in F1 next season for two iconic teams in Ferrari and Renault.
Movistar+ has been broadcasting F1 in Spain since 2014 when it won the rights and also covers Formula 2, 3, Porsche Supercup, W Series and IndyCar races.