In 2022, ESPN reported increases in TV viewing among key demos as well as streaming subscriptions for ESPN+, which hit 24.3 million – up 42% during the year.
The Walt Disney Company, ESPN and Formula 1 have extended their relationship with a new, multi-year contract that will keep F1 races on ESPN Networks in the United States through the 2025 season.
During the latest D23 Expo, an event organized by The Walt Disney Company, Bob Chapek, CEO of the group, talked about the possibility of spinning off ESPN and also of buying Comcast’s 33% share of Hulu.
Broadcast by ESPN since 2017, Formula 1 will end its current television agreement in the United States at the end of this year, and it is now in the sights of several industry giants.