Apple and Formula 1 announced their long-awaited five-year U.S. media rights deal that will bring all U.S. televised races to Apple TV

Apple is about to announce a $140 million per year media rights deal with F1 for its U.S. rights, according to people familiar with the matter.

Apple and Formula 1 announced their long-awaited five-year U.S. media rights deal that will bring all U.S. televised races to Apple TV

iPhone maker becomes latest Big Tech group to expand further into screening live sports

Apple wins the rights to broadcast Formula 1 in the United States for the next five years in deal said to be worth about $750m (£558m) in total.

Some races will be free as F1 TV moves from standalone streaming to Apple TV.