Formula 1

The first-ever Las Vegas Grand Prix is set for this weekend and could have a large impact on the continued growth of the Formula 1 (F1) sport in the U.S. and globally. Here's a look at the race and what investors need to know. How to Watch: The Las Vegas Grand Prix will have events and coverage...

Once a staple for traditional media companies, the rights to sports leagues have proven to be strong telecasts for viewership and advertising revenue. Thanks to the success of a sports deal that has benefitted from Lionel Messi’s move to Major League Soccer (MLS), technology giant Apple Inc (...

As the battle for sports rights heats up with more streaming companies entering the race, one of the largest streaming companies might be sitting on the bench. What Happened: Netflix Inc (NASDAQ: NFLX) might not be a major player in the live sports market, the company told investors and analysts...

Toto Wolff is the CEO and team principal of the Mercedes-AMG Petronas Formula 1 racing team, which includes drivers George Russell and Lewis Hamilton. In a recent interview, Wolff shared tips on managing superstars and for long-term success. What Happened: Wolff leads one of the top...

Roku Inc (NASDAQ: ROKU) is the latest streaming platform to enter the live sports market. What Happened: The New York-based company announced Tuesday that it will be the official streaming home of motorsports league Formula E for the U.S. This marks the first live sports rights package for Roku,...

Streaming giant Netflix Inc (NASDAQ: NFLX) has seen several phases growth. This includes partnering with other media companies on content before launching its own original series and movies. The company is now working on ways to diversify itself, which include video games, merchandise,...

Premier Formula 1 ticket distributor, Platinium Group, is venturing into the realm of non-fungible tokens (NFTs) by launching NFT race passes, starting with the much-anticipated Monaco Grand Prix. This innovative project is the result of a collaboration with Elemint, a blockchain infrastructure...

Hedge fund manager Bill Ackman has been known to make some startling calls, including a recent one that the U.S. economy is headed for a “train wreck.” Although, the billionaire investor could have a new place for investors to turn. What Happened: Ackman recently discussed his best...

After more than 20 years out of the sport, Ford Motor Company (NYSE: F) is returning to Formula 1 racing. Here’s a look at why the time is now for Ford and how it could help the automaker's push into electric vehicles. What Happened: Ford announced it is partnering with the Red Bull...

A leading media holding company that owns several entertainment assets and sports-related companies is reclassifying its public companies, a move that could give investors a more direct way to own a professional sports team What Happened: There are only a handful of sports teams that are...

Porsche will not be entering Formula 1 with Red Bull after all. Porsche was expected to purchase 50% of Red Bull’s F1 team and 50% of Powertrains, Red Bull’s new power unit manufacturer, according to a Financial Times report — but the pair weren’t able to...

As cryptocurrencies rocketed higher in 2021, one trend was crypto platforms and companies that operated in the sector seeing high revenue and growth. This inflow of money led to some massive sponsorships across professional sports. With the crypto bear market wiping out companies and growth, could...

Video game company Electronic Arts Inc (NASDAQ: EA) reported first-quarter financial results after the market close Tuesday. Here are the key highlights. What Happened: Electronic Arts reported first-quarter revenue of $1.767 billion, a 13.9% year-over-year increase. The total came in ahead of a...

The global racing sport of Formula One is seeing strong viewership and an increased fan base. The sport may find itself in PR crisis mode with its former CEO of 40-plus years making some positive comments about one of the most hated men in the world, adding to the recent controversy of people...

Leading sports network ESPN has renewed rights for one of the most popular racing leagues in the world, beating out several other players and raising the annual amount paid to the league. What Happened: Formula 1 has renewed its deal for U.S. media rights with ESPN, a unit of The Walt Disney...