F1 has agreed to renew its rights deal with ESPN through 2025, sources say. The three-year deal still doesn’t have a signed contract, but the racing series told Amazon and Comcast executives on Friday that neither company’s bid was going to be accepted. Sources say that ESPN has agreed to pay around $75-$90 million per year for the rights. Currently, ESPN pays in the neighborhood of $5 million per year for the rights, having signed a 3-year/$15 million deal in 2019.
BiteSize’s Hollywood Today Live, which started on the Web in 2012, makes its network TV debut on Fox, marking first time the network has launched a series based on an online show. The move shows how online content producers are expanding their reach with conventional media.