Sky NZ 'fails with bid to keep F1'
Sky Television, the pay-TV operator in New Zealand, has been unsuccessful in its bid to renew rights to Formula 1 motor racing, according to reports in the country.
Sky's present deal expires this season, but its offer to retain the property has not been accepted, The Herald newspaper reported.
The broadcaster has suffered a drop-off in Formula 1 audiences this year, due in part to later start times in Europe, plus the showing of official highlights for free on Facebook on Monday mornings, and as a result submitted a lower bid.
However, the pay-TV operator is understood to have retained rights to Australia's V8 Supercars to 2020 and USA's Nascar to 2021.
Meanwhile, F1 made just $10 million from the sale and exploitation of digital rights and services in 2017, its first-year of ownership under Liberty Media, which has vowed to put digital at the heart of its plans to revive the series.
The figure accounts for 0.6 per cent of total F1 revenue, although it is $3.9 million more than in 2016.
The $10 million is made up of sales of the official F1 App and the licensing of online ticketing and merchandise rights, but does not include F1 TV, its over-the-top streaming platform that launched earlier this year offering a combination of free and subscription content in various territories.
Nonetheless, F1 TV is expected to be classed as broadcasting revenue in the 2018 set of accounts.