Sources say Apple plans to buy exclusive streaming rights for F1 events for Apple TV + at $2 billion a year.

CTOnews.com, September 30 (Xinhua)-- according to the latest issue of Business F1 Magazine, Apple is considering a potential sports deal for Apple TV + that will make Formula one "impossible to refuse".

▲ pictured by "Business F1 Magazine" reported that Apple's proposed agreement is currently $2 billion a year (CTOnews.com Note: currently about 14.6 billion yuan), which is twice the global television rights revenue of Formula one Group. However, the content of the agreement does not mean that Apple will be able to obtain a full exclusive agency in the first place, but about 1% of the entire streaming copyright package will be provided in the first place, and this proportion will increase as the existing copyright contract expires. The final exclusive agency is expected to reach 100% within five years.

The ▲ picture shows the "F1 23" game, which is for reference only. in addition, Apple will pay a fixed fee each year, rather than increasing with the percentage of copyright.

This is not the first time Apple has been involved in F1 racing. As early as March last year, Apple announced the broadcast of a documentary by famous F1 driver Lewis Hamilton on Apple TV +. The film reveals the life and career of the seven-time F1 world champion and has a close contact with him on the field.