Chase Carey, Singapore, 2016

Liberty’s plans for F1: More pay TV, US races and digital coverage

2016 F1 season

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Formula One’s new owners Liberty Media has given the first indication of its plans for the future development of the sport.

Liberty Media president and CEO Greg Maffei said it plans to increase the revenue the sport generates through broadcasting including much greater use of digital media, hosting more races, increasing sponsorship and growing the sport in markets such as the USA.

The broadcast revenue stream is one area where Liberty believes F1 can bring in more money. “I think there’s an opportunity to grow that broadcast stream, much of it free-to-air, to competitive pay services,” said Maffei, speaking at Goldman Sachs Communacopia Conference today. “That’s for example what happened in the UK when [Sky] recently bought the rights.”

Maffei also said Formula One can increase revenue from sponsors. “I think there’s opportunity to grow, invest in the sponsorship organisation,” he said.

The Liberty president says he believes Formula One’s record 21-race calendar this year could expand further. He identified Asia and Latin America as likely places for growth.

Start, Circuit of the Americas, 2015
The US market is a top target for Liberty
However Maffei also stressed Liberty is keen to develop the sport in North America, where it is “under-viewed, under-monetised, under-everything”.

“I don’t think that gets solved in a week but I think that’s an interesting long-term opportunity,” he said.

“There have been 65 grand prix races in this US for Formula One. I think it’s actually, on the list of all the places there’ve been races, the United States is actually fourth or fifth. So it’s not as if it’s never had races here it’s just it’s been… there were races in Long Beach, there were races in Denver. You think about places where they’d have natural feel I would argue Miami, Las Vegas are very interesting places for the long term.”

“But that isn’t going to get solved in a week. I’d like to hope that, being Americans Chase [Carey, pictured], Liberty, could help with that process. I don’t think, as I’ve said, this is a quick fix. But for the longer term it’s a large, untapped market with upsides.

Another area of particular interest to Liberty is digital media. “Less than 1% of revenues is from digital,” said Maffei. “They really have no organised digital effort.”

“I think there’s a lot of things that can be done about gaming, VR [virtual reality] and AR [augmented reality].”

“There’s an enormous amount of video feed and data about the races that we are already capturing that we are not in any way processing, incrementally, for the dedicated fans, for opportunities around things like gambling.”

Maffei added a “much more direct to consumers kind of experience” would be possible for F1 with digital broadcasting. “How that augments and how we work that into the traditional broadcasters needs to be worked through,” he added. “But I think there’s a lot we can work with.”

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Keith Collantine
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  • 87 comments on “Liberty’s plans for F1: More pay TV, US races and digital coverage”

    1. “There’s an enormous amount of video feed and data about the races that we are already capturing that we are not in any way processing, incrementally, for the dedicated fans, for opportunities around things like gambling.”

      Was anyone else getting more and more excited by that sentence only to be incredibly disappointed the last word was “gambling”?

      So Liberty’s plan is basically for us to fork out more as fans and for the sport to make more money for Liberty. I feel quite good about reserving my judgment about Liberty until I heard their plans rather than welcoming them as the sport’s saviours.

      1. Hahaha, had the same emotions running through that sentence..

      2. No way more races!! Absolutetly not! Where is the glamour???

      3. They bouht the business for making a profit. Nothing shocking to see here

      4. Exactly my thoughts too! I think before we get too hung up on Liberty’s comments, it’s worth bearing in mind the setting where they were made. They were hardly likely to start talking about changes to tyre compounds or levels of downforce at a Goldman Sachs event.
        Although I can completely understand why people don’t like the talk about moves to pay-TV, I wonder if we may see the revenue model shift more towards TV rather than race hosting fees. This would be a good thing as it would take the pressure off the traditional circuits which struggle to meet the huge hosting fees Bernie has demanded (and possibly could lead to tickets becoming more affordable for fans, particularly if Liberty think having full grandstands is vital for the appeal of the sport).

        1. Transitioning to pay TV trades off revenue against total audience – FOM income is increased but the sport shrinks (and there must be a clear correlation with unsold seats).
          Pay TV sales/subscriptions must be very susceptible to the overall economic conditions, particularly when the ‘competition’ is a taxation arrangement.
          Are they seeing enough buy-in on transition (UK, Aus) ? If they aren’t, the next negotiation won’t include any speculation margin or enticement premium. The market would have shrunk, classic track promoters sent to the wall and Bernie n/a to drag in a regime or two to fill the gaps.

      5. As an American , living here in the states there one single channel that broadcasts Formula1
        NBC-Comcast Sports early in the morning , except for COTA, Mexico, and Brazil where it will appear on NBC 5 (basic channel) but only if it doesn’t conflict with football or nascar in which case it gets regulated some other channel.

        Consequently, for year 2012-2015 I’ve been using my friend’s london address /name a UK proxy IP and some darkweb shennigans in order to watch F1 live via skysports. I pay the $900 annual for full package of skysports everything . This year the proxy stopped working, my $900 went to the dumps and now I’m forced to watch on free-stream site in crap quality for a sport i love.

        Also, it’s very hard to place bets here in the States as it pertains to bookee for F1 and impossible to find odds similar to those of skybet . Once, again I do something special in order to gain access to skybet and 4 other similar sites to place my bets with even further convoluted method of getting money in and out of accounts. 97.8% success rate over 10 years is pretty damn good .

        I say yes to gambling
        No to more races
        Yes to pay services
        yes to pro business
        hell no to legacy /old school corrupt politics of F1 (i.e. Qatar deal with $100m annual hosting fee)
        GOOD BYE BERNIE !

        F1 is plagued with the “old boys” club mentality , as it was sold on the premise of being a good business with a significant value add opportunity . That which was free in the good old days, will now cost money. it will suck, but in the long run you’ll love it. I’d give my right hand to have uninterrupted Formula1 race similar to Skysports, Channel 4 , or like any other european sporting event without bloody commercials every 12 freaking minutes. There a lot , i mean alot of poeople who would pay good money not have commercials , pre, during, post FP1, FP2, FP3, qualifying and race day . More everything experience like Skysports , Channel 4, or BBC .

        You guys in europe should have seen what it looked during the era of “speed channel” before COTA in 2012 . It was awful . NBC Sports much better , but falls miles short of skysports.

        The legacy payments to Ferrari for $100M annually, and collectively Redbull/McLaren/Williams/Mercedes for the other $280M will be eliminated when contracts ends . If Ferrari wants to leave, let them go to WEC their threats are empty . it’s business and there won’t be any more bribes for manufactures to remain in the sport. If all the big guys leave, you’ll have a lot more teams competing and the field will be leveled.

        1. When I read your comment AlonsSpeed, I can see how and why the things they want to look at can work.

          – more races – provided they make sense a couple of extra races that would be at “normal” times for the American market could do wonders to get F1 working in the US. And yeah, if one can buy premium access where there is not much available, that would help. With more races, there is more likelyhood of it. Provided the calendar planning is done more with the traveling in mind (and less focused on forcing teams to accept a longer calendar like it has been for the last few years), I think the teams might accept it. Not a boatload, but a few more maybe at strategic places (those NY, LA, calefornia races? Maybe Argentina or something).

          And if Liberty gets the betting organised, while I myself am not a fan of it, I guess it would also be another incentive to get footage out there and boost the market. Betting is large in Asia as well, another fit.

          It would also mean doing some proper promotion of the sport, working together with sponsors to do so. I think that teams could be involved by having them bring a car and a few (ex-)drivers to events. They can still pull on Coulthard, next year Button will be available, maybe Massa can be available, I think Mario Andretti would be relatively open to it. And the likes of Jackie Steward can always be found, provided they get money from it too.

          When the earnings of the sport can be raised, it will be relatively easy to agree on new deals with all teams that have them getting their part and doing away with the signup money deals. And we can forget about the strategy group when the teams can buy a couple of % of shares of the sport outright.

        2. $900 woah. It’s not worth that much. And FYI, there are some very good HD streams available if you know where to look.

          1. You should look at NowTV her ein the UK, I refuse to pay £880+ to Sky for just F1. A weekend pass is £12 x 21 races = £252 a year which I dont mind so much

            WEC is €25 euro for all races, other than LeMans been ~€18.

        3. You paid $900 a year? Geez. You can get a basic cable subscription for that. A little bit more, and you’ve got HD + DVR.

    2. I would be lying if I said the first part about moving to more paid TV services didn’t scare me. I would love digital services to be available, expecting that it would require payment, but having everywhere in the world go to pay TV is a bad idea.

      I also never knew there was a Grand Prix in Denver? There was a CART race there but thats obviously not F1! Hopefully they remember the issues which occurred with the Las Vegas F1 race too.

      1. Maybe he meant Dallas? Or Detroit? Neither especially nearby, though.

      2. Well, he lives in Colorado; maybe he just let slip that the next North American F1 race might be called the Mile High Grand Prix?

        1. Peppermint-Lemon (@)
          22nd September 2016, 19:01

          Buh Dum chaaah! :)

        2. That wont do much for HP.

          1. Mexico City is higher. We in Denver just like our branding.

            1. Exactly, a mile high is not even that high. But it has been historically good marketing for the city.

      3. Right on about the CART race in Denver. Which was a big money losers for the promoters. There was a direct infusion of several million dollars from Bill Daniels (a local big $$$ guy who is now long deceased) to keep things on track, no pun intended. Also seems this guy never heard of Austin, TX either. More than 21 races a year?? I am thinking the drivers and pit crews may have something to say about that schedule as it seems pretty exhaustive at the time. LIBERTY is owned by John Malone who was never a racing fan of any sort that I an aware of…. Thanks, Norris

      4. TV is dead. The future is already here and it’s individual streamed content. I’d pay Liberty or whoever to get a reliable, high quality feed for an F1 weekend, to be consumed live or canned. Bernie should have done this a decade ago at least but he’s too much of a dinosaur to understand new demographics and consumption trends. F1 has probably lost a lot of potential consumers who – like me – have long since junked TV as the over-priced, over-advertised, underwhelming crap that it is. So long as Liberty don’t pollute the feed with too much annoying advertising and so long as they don’t charge too much, they and we should be fine. Of course any media capitalist pig with shareholders to placate is going to want fees for a direct feed and fees from advertising so we’re going to have to be vigilant against the encroaching advert-oozing. Cable TV has been a horrendous example to media companies and the internet in how to screw users and bombard us with with useless advertisements virtually non-stop.

    3. Interesting thought, with the rumours of Apple being interested in McLaren, could they be interested in expanding the sport to North America so that iMcLaren would get more brand exposure and popularity there?

      1. Apple could have F1 with their lunch money, and I’m sure they would have looked closely at it for content but they didn’t buy-in (unless there’s some arrangement with Liberty). The noise is any McLaren tie-in is about cars not entertainment.

    4. Slightly worryingly there’s nothing about the sport, but just how the sport is consumed. I know they hold the broadcast rights, but whatever you do with one affects the other. Let’s hope they mention the sport at some point.

      And I hope more TV means I won’t lose my RTL feed!! (I’m sure it will, but so be it)

      1. Exactly my thoughts! And same fear for Belgian tv.

      2. @john-h You can bet every single FTA contract will be on the chopping block once current agreements expire. They’ll intentionally price them out of the market or only offer renewals to Pay TV broadcasters, under the auspices of ‘competition’, like how Sky TV requested an exclusive contract.

      3. Completely agree.

        The way I read this is “we will focus on improving how we sell and position the product” rather than “we will focus on improving the product” which is a big mistake to me. “Quality over quantity” is what we should be hearing, not “more races, more sponsors, more sales, more profit.”

        1. + 1. Their statement does not give me any sense that they will be good for the sport at all. How about making the sport better and doing more for fans rather than just expecting us to pay more.

      4. They bought the Commercial Rights, so duh…

        1. There’s two ways to sell a car. Make the best damn car the world has seen and it sells itself or make a bunch of dodgy cars on the cheap, and hire the best damn salesmen in the world to sell it. This statement leans too far towards the latter to me.

          1. ps: apologies for salesmen rather than salesperson

            1. I wouldn’t have expected Liberty to be jumping in on the quality of the product aspect, as new regs are already in place and we will have to wait and see if said changes improve the product. In other words I’m sure the hope is already there that the product will improve starting next year, so Liberty’s job is to get it out there to more people. Or maybe they are happy with fewer people watching but paying more? Hard to say right now.

          2. Hm, well, I for one am rather GLAD that the promotor’s first thoughts are NOT about changing the sport itself but about improving how it is brought to the fans! @john-h!

            On the one hand it is sad to see the sport behind pay walls, but on the other hand, it would be even sadder if they changed the sport to be “entertainment” by completely changing the weekend format, bring in things like fan boost, made to degrade tyres and went for Bernies shortcut ideas etc.

        2. @uneedafinn2win You miss my point. You can’t have one without the other. Do you really expect the commercial rights holder to let FiA to do what it wants with the series? Duh…

          @bascb I understand your point and I think I was being overly negative. I’m just hoping for some reassurance that we’re not talking about reverse grids and sprint races I guess – maybe they’ll have something to say about that in the future, especially as it would be nice to see how 2017 works out as a spectacle first.

          1. It seems we certainly agree about being wary of “spicing up” the entertainment!

    5. “I think there’s a lot of things that can be done about gaming, VR [virtual reality] and AR [augmented reality].”
      Just imagine every car had a 360 camera and we could connect to it using а VR headset Т_Т

      1. I remember there was talk (from someone in the know) of the camera’s being no where near the required quality on board for even 3D, let alone 360 VR, due to the extreme G-forces and vibration the cars endure.

        I could totally imagine VR from fixed points around the track however. Valve have said that sporting events are a prime way to enjoy VR as unlike a movie it’s a far more social experience regarding talking to friends to while watching. That being said learning the right way to do it is still in its infancy, and certainly not ready for the prime time required by a sport such as F1.

        1. Imagine how good that would be? VR 360 cameras positioned at various turns around the track so you can effectively “sit in the stand.” It would get so many more fans involved if they could experience (more closely) what it’s like to attend an F1 race live.

          1. Not only the stands, sit in the VIP box, sit at the apex, sit in the helicopter circling above. And there should be a pretty big degree of freedom for movement too. The tech to reproduce 3d environments from camera to traverse in VR is being developed quite heavily with many workable proof of concepts out there. Virtually walking on the track while the cars race by isn’t beyond the realm of possibility.

            That being said though I simply can’t see it beyond occasional gimmicks for a long time, which makes me think Libery’s plan is either “pie in the sky” or extremely forward thinking.

            Augmented reality is actually much more exciting to me. Imagine pointing your camera/tablet’s phone at the track (as people seem want to do lately) during a race and getting an overlay pop-up of that cars position, timing and a live gap to cars infront/behind. Could even get the racing line overlayed on the track like the codemasters games. That’s much, much, much closer to reality and could be done as soon as next year with a little investment in the right people.

      2. So, Red Bull released a 360-degree video of Verstappen doing laps (can’t remember which track) on their Facebook page with telemetry data. I watched it on Gear VR when it first came out, and I don’t remember the vibration being too bad (to the point of motion sickness, at least).

        The only real problem I had with it was the rendering quality, but that seems to be a universal problem with streaming VR videos at this point.

        1. I believe that was the TT Assen circuit in the Netherlands, last year.

        2. Williams did something similar years ago (iirc) now too. I’m certain on those 360 camera proof of concepts the drivers aren’t pulling anywhere near the G’s they would or punishing the cars re: vibration from attacking curbs and such as they would in race trim.

          I wish comments were easier to search because it was a pretty insightful comment from someone who worked in the industry down to knowing what cameras at what costs were used on the cars (iirc).

    6. Right now, everything they say is speculative and nothing more. Here in the USA, F1 has been a pay television event for years because it is only accessible on a cable television channel that changed from season to season. NBC, the present broadcaster, will air the USGP and Mexican GP over free-to-air broadcast stations. However, NBC’s contract with FOM expires at the end of this season. I’m curious to see how they impact the digital side of things especially here in USA. The quote is very correct. Any second USGP will be a street race because no one is going to drop twice or three times the amount it took to build Circuit Of The Americas in New Jersey or California. And I just don’t see Mr. Ecclestone going away quietly either.

      1. If Liberty wants to grow F1 in the USA, pay TV is going to be a problem.

        If you have ton’s of stuff you can do, watch or otherwise consume and you don’t know F1, chances are you are not going to buy a PayTV F1 subscription. It’s not rocket science.

    7. There will be no sponsors if every country moves to PayTV only, the audiences will be so small that companies won’t want to pay nearly as much in sponsorship fees as less people will see their logos. The moment F1 becomes a Sky exclusive in the UK will unfortunately mark the end me being an F1 viewer (after watching it for nearly 40 years).

      1. Here, here! Also if gambling becomes an important aspect this is likely to lead to the corruption we have seen in many other so called “sports” (Even cricket!). If you are a true fan you are not just looking for “entertainment” (lots of crashes?) but are interested in the technical details, strategy etc. I really worry that an entertainment group has taken over and the effect this will have on the sport.

      2. I think you are lucky to have had 40 years of viewing, but that aside, yes, I agree with your comments on corporate sponsorship: PayTV discourages it, or reduces the amount a corporation is willing to pay (depending on your point of view).

    8. So if you want to watch F1 you need to pay, if you need access to the data (timing screens, lap charts etc) pay more if you want to see other streams (on board) pay a bit more and all the data will be used to try and encourage us to bet on the sport via a dedicated sponsor (Sky Bet in the UK no doubt). And they wonder why the viewer numbers are dropping like a stone.

    9. I agree with Kyorin. As has been said by many people, the sport in my experience has a relatively small, middle-aged/older following as it is. If the main way of viewing it requires payment, how will this attract new viewers who have not seen it before? Similarly in other forms of media, why should free-to-air tv channels mention it at all in their programming e.g. the news or why should news paper even in digital form write articles on a psort with a dwindling fan base.
      I get the impression that they are not all that worried about losing viewers in regions which have traditionally followed the sport as they think they will more than offset this by viewers in the U.S. or Far East.
      Also how are the teams going to feel about up 25 races? They are going to want a lot more money. Maybe 3 car teams for the big boys as well as the number of smaller, independent competitors will surely dwindle.

      1. tgu (@thegrapeunwashed)
        23rd September 2016, 10:15

        That’s my view too. A lot of middle-aged people (like myself) aren’t going to fork out for pay TV, so either I’ll find a pub which shows F1 (I believe the nearest is more than 10 miles away on country roads), or I’ll reluctantly quit watching. For younger viewers, it’s hard to see what might draw them in: who is going to fork out for on-demand viewing when at least 50% of the races amount to 3+ hours of tedium?

    10. Hear this, Liberty: The day you switch me to pay television if I want to watch races live is the day that I stop watching Formula One once and for all. I’ve been watching near-religiously for the last 25 years, although with the steep decline in quality of the racing, I’ve already switched to frequently skipping races entirely in the last 2-3 years. This quality of racing combined with a requirement to pay will be enough to persuade me that F1 is simply not worth watching any more, and I won’t be alone in that.

      1. I totally agree with you on every point you made in your comment. The endurance races are much more interesting and the LIBERTY coverage just maybe the best thing that has happened to their viewership in a very long time. Thanks, Norris

      2. Same with me…

        I will not pay to watch the current form of F1… Whilst it always has had the habit of being processional, it did have some level of competition about it and not the consistent domination that the last 3 seasons (2014-2016) even the RBR period wasn’t like its current guise…

        Also been watching F1 for over 35 years…

      3. I’m with you but sadly all those that merrily gave SKY and other pay channels money have dug their own graves through short sightedness. Because some are willing to be extorted those in power will extort for more and more cash until even those sheep can’t afford it. At that point F1 will be a niche ‘sport’ that only the rich watch. Then Liberty will sell it off cheap as the rinsing for cash is complete. I’ve said this many times and it looks like my predictions are coming true.

    11. I think a test of how smart Chase and Liberty really are will be whether they improve the *quality* of the F1 race broadcasts in the U.S.

      The current NBCSports broadcast features these problems:

      Commercial interruptions that take up almost 1/3 of the race time!

      Mediocre to down-right horrible commentating (e.g. frequently getting which driver they’re commenting on wrong, losing track of the current race order!).

      Not sending their commentator to the track. Yes, Will Buxton, their pit lane reporter is on site and he’s good, but that only accounts for a small percentage of the broadcast.

      F1 will not attract new fans in the U.S. with a sub par broadcast like this. I’ve had several friends that were only mildly interested in F1 turn into full time fans after watching several Sky F1 race broadcasts.

      F1 needs to make the Sky broadcasts available world-wide for streaming (with per race or per season payment options) on all platforms (PC, mobile, smart TV, etc.).

      IMO, if Liberty doesn’t provide an alternative to the current NBC junkcast, it will be indication that they’re just another bunch of bozos driving the F1 bus in the U.S.

      1. In countries like Germany/France/Spain the general public doensn’t speak/understand English well enough to want to watch a British broadcast, let alone paying for it… I don’t think that’s much different in Asia, Africa or South America in that respect (all key markets for big brands like Heineken or Apple for example)

        What we need is free accesible content, so that everybody from amateur youtubers and twitter heads to professional content makers can make and share content in a way that reaches their particular group of people. Pay TV is just one way of bringing F1 to the people.

      2. In the USA there is also broadcasting in Spanish -Univision- and it makes look NCBSports great. It’s the lamest thing I have seen in TV, they don’t know the name of the drivers, they don’t know the rules, they don’t know what is going on in the weekend, they don’t know the last news and very often they end talking of soccer during the race’s broadcast.

    12. If the price is right and the product is good i don’t mind paying. And i know a lot of people think that way. It’s not free anyway for most people, cause they need to pay for a cable subscription to watch it in the first place in Europe.

      I also pay for MotoGp and WEC and i think it’s worth it to pay for the things i enjoy, if they can add value with multiple cams, timing and no commercials. I do whish there was a way to bundle everything together.

    13. Formula 1 as a sport is over. It is now purely commercial entertainment.

      Think of 50 lap races being split into two 25 lap halves, with a half-time show in between.

      Oh well!

    14. I dislike paying for tv as much as the next person, but the reality is the coverage of Formula 1 on pay tv is light years better than free to air tv; my experience from an Australian perspective anyway.

      Liberty are in this to make money, not to run a charity. We all enjoy the idea of being able to watch Formula 1 for free, but for Liberty to make money, your eyeballs watching Formula 1 need to be generating them income, and there four ways for them to do that:

      1) having their own sponsors, whose products you buy;
      2) selling the broadcast rights to a free to air channel, who then need to find advertisers, whose products you need buy;
      3) selling the broadcast rights to pay tv, who then make you pay directly; or
      4) selling the broadcast directly to you through digital subscriptions.

      All the options require them making money off you, the only difference is how directly you realise they are making money off you.

      And yes, the argument that the viewer numbers decrease when content move to pay tv is true, but do the viewer numbers that actually generate revenue for Formula 1 also decrease? Is it better for Liberty to have 600 million viewers, each generating very small amounts of revenue, or to have 200 million viewers, each generating larger amounts of revenue?

      1. I’d disagree. I’m comparing the Sky coverage to what we used to get on BBC. The BBC coverage was much better. You could argue that Sky is more complete, but they aren’t really. Where the BBC said something 2 or 3 times, Sky hammers it well over 20 times. Not enough happens in an F1 race to warrant that much coverage. It’s just constant repetition. Granted, the BBC was losing money, but that’s partially due to CVC milking every outlet he/they could, and padding his/their coffers. Your argument is all on the assumption that businesses should be greedy. That’s the way it currently is, but it’s not the way it has to be. If we keep ignoring that corporations should have a social conscience, we’re all in a heap of trouble. If you doubt it, check out work that’s currently being done by anthropologists, sociologists and economists on the recent development of sociopathic culture.

        1. I also disagree that the coverage is substantially better – I just want to watch quali and the race with a good timing screen (often, depending on who’s talking, I’d be happier with the sound off). Don’t need the lead-up nattering – internet is a better place for background. They only slot in a couple of ad breaks during the race on free to air and a few ads still pop in on pay TV.
          Anyway, the book value is now locked in – exploit away Liberty – just be careful not to kill the goose by pissing off the stakeholders CHAMP style.

        2. Businesses have always existed to make money; it’s literally the only reason businesses exist. I’m not saying I like it, but that’s the way it’s always been and that’s the way it’s always going to be. The only way any business will ever have a “social conscience” is if governments regulate them to, or if somehow someone discovers a way that a business can make more money by having a “social conscience”.

    15. Kinda surprised to hear them talk about VR as thats been tried by a couple different categories (Including Formula E which Liberty have investments in) & the consensus is that like with 3D it just doesn’t work all that well for LIVE Motorsport coverage.

      Yes you can get the VR cameras on the car to get some laps to view later, But its impossible to get that kind of setup on a car broadcasting Live because of the bandwidth demands a multi-camera VR setup requires. Additionally a live VR setup thats able to send back HD images is very large because of how many cameras are required as well as the various electronics required to link them.

      1. @gt-racer Clearly they’re just posturing and presenting ‘visions’ for the sport, especially as VR is the current faddarling of the tech industry.

        No doubt many people who work in technical had their hearts leap into their mouth when that promise was made.

        1. To me this also sounds more like pitching the direction they are going to look in for the future, made to partners than a real strategy @optimaximal, @gt-racer.

          I guess throwing in buzzwords is part of that, regardless of how realistic they are.

    16. Well… the more Liberty decides to move towards digital media, the easier it is to make torrents and distribute the races that way. And the more they decide to go to pay-TV, the more I’m happy to go that route.

      1. Me too.

        Unfortunately, my 3 year old nephew won’t even be doing that anymore in 20 years time because he doens’t know what F1 actually is….

    17. I am willing to give Liberty the benefit of the doubt on this one. Until the Concorde agreement expires in 2020, there’s little they can do to radically overhaul the sport from a regulation standpoint, hence their current emphasis on the marketing side of things. Greg Maffei, as quoted in the article, knows which way the wind is blowing. Sport on free to air telly is dying a slow painful death, and such is the quality of coverage available behind a subscription wall, for sports like F1, Cricket and Golf in the UK, that it suffocates any effort made by free-to air channels to live up to the same standard of coverage.
      However, it’s important that the product itself is worthy of money needed to be shelled out to watch it. F1 in its current guise of artificiality and predictability, wouldn’t survive 100% behind a paywall, because the product is simply sub-standard. A lot of folks won’t fork of out a part of their monthly wage for the follow-the-leader show we currently have, but they just might for a sport of restored competition, innovation and endeavor.

    18. As others have said, it’s very dissapointing that the only thing that’s mentioned is how to increase revenue using the fans to extract more money. Pay TV, gambling… but hardly anything about the product itself, only the promise of “more races and more visits to Latin America, Asia and the USA”. And that’s something Bernie has been doing for the past decade already… nothing new there.

      I wonder how they expect viewing figures to raise if people already don’t watch F1 that much, without changing F1 itself. It’s like selling sand in the Sahara… and then increasing its price. People don’t buy it already.

      The only good news is the probable availability of streaming.

      1. To be fair, it was some sort of Goldman Sachs (bank) event, meaning: a bunch predominantly white American business people talking about new ideas to make even more money. Even if they have ideas about improving the product, that’s not particularly relevant for that context.

      2. yeah, like the fans are a bunch of milk cows or something …….

        its a shame really, in order for F1 to remain sustainable they will have to invade some small countries and setup some special oil deals in the middle east.

        Seriously though … errrmmm .. seriously, F1 can’t be taken seriously if they keep promoting rules like limited fuel loads and unlimited boost, and destroying the competition by letting Merc run the show while running smaller teams out of business and making things more expensive … Alll while touting the lets make racing more affordable mantra. Seriously????

        Anyways. I am to the point where I visit the chat/free streams online just to pester people caught in the spectacle while telegraphing whats going to happen, due to the predictable nature of the production. At any rate, I don’t see a future for F1, WEC is where F1 wants to go, but due to branding, intellectual property and commercial rights, WEC gets shafted while F1 is artificially promoted as the pinnacle of 4 wheel racing. Its all a tad ridiculous.

        If LMP1 took in Ferrari, RBR and Macca, took on 10 more races, all of which were 2-4 hour races, and added a couple more 24 hour races (Nordschleife please) F1 would be done and dusted with respect to prestige/technology/entertainment/etc… LMP1 > F1.

        1. I don’t understand how WEC is restricted. Can you give an example?

    19. In my opinion, the races themselves along with a few driver interviews should be free-to-air in every country that F1 is broadcasted (in the United States’s terms, F1 will have a difficult time competing with NASCAR, baseball in the spring/summer and the NFL in the fall)- but the more in-depth coverage- that should be pay-TV. That is how you get more viewers- you sample the goods.

    20. I’ve never spent a penny to watch F1 on TV having always had it on free TV (or basic sports packages) since 1983!

      Yet I buy the all-season WEC access for full live streaming and in-car shots (which is totally awesome), and I buy the WRC2 season pass (nice for watching whenever I want).

      Not that I want to pay for something similar for F1 – but……I absolutely would. So I have to agree that they are missing out on revenue.

      How about an app that works like the WEC app, with full pre and post session coverage (from Sky for instance) for $200 per year. That’s a no brainer for me.

      1. Sorry – that should have said…WRC Plus, not WRC2.

    21. It’s still way early days.

      I have no doubt that Liberty already have a very comprehensive business plan but it will be quite a while before we see/hear about it.

      Seems to me that what they are doing at the moment is “leaking” small keywords like VR, Gambling etc to gauge reactin so they can have their marketing people apply the right amount of “spin” to certain areas of their plan when they release it in full.

      Not sure whether I’m excited or fearful, I think the latter but then I’ve already been forced to buy Foxtel in Australia to be able to watch motor sport so nothing much will change for a while.

    22. does that mean less races in Europe in a near future?
      If that happen is gonna be a shame, its like taking the heart of the sport little by little.

    23. Gambling is a pox on our society and can do nothing good for our sport. It targets the vulnerable and destoys peoples lives.

    24. Hopefully, the number of races won’t expand from the current 21. For me, four more races wouldn’t really make a difference, but for the travelling teams, yes, so only for the sake of them the number shouldn’t increase anymore. If the number changes then, it should decrease to something like 19, 20, or even 18 rather than rise even more.

    25. I think we need new younger brain to explore newer market. F1 is the forefront of motorsport and technology, and broadcasting should be the same too.
      1. Why rely on Pay TV when the Youtube coverage is way better, and fans can watch it everywhere. Youtube has Paid service too. I am sure that people like us would pay to subscribe to a F1 channel rather than paying Foxtel or Skysport…. Sky sport can gain revenue having it put on youtube paid channel too.

      2. Why aren’t the previous races from previous years available to be watched online? To promote the sport, you need to make the sport accessible, people needs to be able to watch it. Ever since F1 put pressure on Youtube, many of the F1 contents were taken off… its stupid… we cant even share it out to our friends… Youtube is one of the key reasons why Top was so popular in the last 10 years.

    26. I guess F1 will soon become like Pro Wrestling. Verbal confrontations, smashing of chairs, throwing drinks on faces and celebrity housewives.
      Well of course, you’ll have to pay for it all.
      I think F1 is on the way out.
      F1 was a success because it was essentially, British and European, with all its flaws.
      It was somewhat austere and leaving you wanting a bit more.
      F1 is all about the devotee.
      All I still hear is making more money out of F1.
      Good luck.

      1. +1 Your comment, everything in it, is totally on point, sadly.

    27. F1 is not that popular in the US. The Austin GP has been a success be they have to dress it up with music concerts. Bringing back the French GP or South African GP, ensuring a fair pay system for the constructors, lowering ticket prices and doing away with historic payments would make F1 better. Expanding into America has been tried before and didn’t really work.

    28. As much as I love F1, the quality of the sport would need to increase before I pay for it. Comparing it to probably the biggest pay TV success, I can buy an NFL season pass to watch every NFL Game LIVE all season – including Playoffs and Super Bowl for £139.99, which works out at 300+ games I can watch online anytime on my TV, smartphone or Xbox. Personally, I wouldn’t pay more that £100 for an F1 season.

    29. Just put it on a world wide streaming service for a fee already

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