At the moment, ESPN has the rights. But Apple has made a made a bid “worth at least $150 million a year to stream the races starting in 2026” and ESPN “isn’t going to try to match or beat that,” Business Insider reports.

Apple has submitted a bid worth at least $150 million a year to stream Formula 1 races starting in 2026, Business Insider reported on Friday.

A high-octane battle to acquire the rights to broadcast Formula 1 in the United States is picking up between ESPN, Netflix, and Apple ahead of the 2026 season as the entities behind Drive to Survive and F1: The Movie consider making the leap into live motorsport.