It was confirmed yesterday morning (20/12/15), that Channel 4 is to become the new terrestrial home of Formula 1 television coverage in the UK from the 2016 F1 season on a three year deal, after the BBC which had been seeking to cut costs and relinquish the rights for the Formula 1 coverage.
Last month, the BBC had outlined plans to slash its television sports rights expenditure in coming years, and the broadcaster has now backed out of its deal with Sky Sports, which was set to run until 2018.
Channel 4 has stepped up to take the BBC's place despite interested from ITV, and will show 10 Grands Prix live, with no adverts during the live Grand Prix's, along with highlights of the remaining rounds, in a three-year deal till the end of 2018. While, Sky Sports will continue to show all Formula 1 sessions live on its own channel.
Overall, great news for Channel 4 with the three year deal, they wanted the F1 rights since 2011 I can recall, do expect Channel 4 will step up the F1 coverage for 2016. Although, very sad we have lost Formula 1 on the BBC due to the budget cuts from the corporation which has been the spiritual home for Formula 1.
Meanwhile, BBC Radio 5 Live has extended its commentary rights contract till 2021.
Channel 4, meanwhile, will announce details of its live Grand Prix schedule for 2016, and commentary team, in the beginning of 2016.
A new era beginning for both Channel 4 and Formula 1.
End of blog for now. New post soon. Bye.
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