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Formula 1 Racing launches first subscription platform in India

 


The platform will broadcast all race weekends, including practice and qualifying sessions, F1 sprint events and the Grand Prix and will be accessible to its fans via subscription.

Formula 1 racing has launched its first digital platform, F1 TV Pro, in India ahead of the 2023 FIA Formula 1 World Championship. The platform will broadcast all race weekends, including practice and qualifying sessions, F1 sprint events and the Grand Prix and will be accessible to its fans via subscription. All 20 drivers will have onboard cameras and team radio channels, as well as a content library containing pre- and post-race analysis and footage of the game's iconic moments, the company said in a statement. Formula 1 will begin with the Gulf Air Bahrain Grand Prix in March, with a 23-race schedule across five continents including the Formula 1 Singapore Airlines Singapore Grand Prix and the inaugural Formula 1 Heineken Silver Las Vegas Grand Prix.

In India, people will also be able to tune-in to the Porsche Supercup Series and FIA Formula 2 and 3 seasons and races and follow the progress of Formula 2 drivers Jehan Daruvala and Kush Maini as they vie for the F2 crown. are and look ahead. Step up to Formula 1. Ian Holmes, Director of Media Rights and Content Creation at Formula 1, said:

“We are delighted to launch this for our fans in India. With its growing global footprint, it is important that our fans around the world can see and enjoy the drama and excitement of the race. With access to live race footage, expert commentary, onboard cameras and team radio, it will provide fans with a best-in-class service to follow the upcoming Formula 1 season."

Formula 1 is a subsidiary of Liberty Media Corporation and the annual racing series started in 1950. Formula One World Championship Limited is part of Formula 1 and the FIA holds the exclusive commercial rights to the Formula One World Championship.

According to a report, subscription-based video-on-demand platforms (SVOD) will account for anywhere between 55 to 60% of the entire OTT revenue in India by 2030. This segment will reach revenue of $11,000-13,000 million next year. Decade, says a report by Confederation of Indian Industry and Boston Consulting Group titled 'Shaping the future of Indian M&E'.

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