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Rio Motorsports gain F1 broadcast rights in Brazil
Broadcasting of F1 in Brazil is changing, with investment business Rio Motorsports having acquired exclusive rights for the next five seasons. Globo has been broadcasting Formula 1 in Brazil since the early 1980s, but they have been hit hard by the global health pandemic and announced in August that they would not be renewing their rights. Sport Business report that Rio Motorsports are now expected to look to sub-license the rights across pay-television, free-to-air and streaming platforms. But any streaming rights sub-licensed by Rio Motorsports are expected to be non-exclusive with Liberty Media, Formula 1’s rights-holder, set to launch their premium F1 TV Pro OTT service in Brazil....
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