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Qatar-based beIN Sports ditches Formula 1 broadcast
Qatar-based beIN Sports said on Friday it had decided not to renew a contract for the rights to broadcast Formula One in the Middle East and North Africa as a consequence of piracy in the region. Bloomberg report that the previous five-year deal expired at the end of last season, but the 2014 to 2019 deal for live F1 broadcast rights was worth $30-million to $40-million a year, according to people with knowledge of the terms. That’s as much as 7 percent of Formula One’s estimated broadcast income, said media analyst Richard Broughton at Ampere Analysis quoted in the report. The 21-race 2019 world championship starts in Australia on March 17. BeIN Sports, which also has the local...
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