Viewership for F1 has increased 36% compared to the 2019 season, with revenue spiking to $180 million in Q1 of this year.
Netflix showed no interest in hastily acquiring streaming rights for live sports during the company’s second-quarter earnings call.
Netflix’s Q2 earnings showed slower than usual subscriber growth. The company plans to produce video games next year.
The streaming giant is getting into video games and has been clear about who it sees as its biggest competition.
Formula One racing has seen major growth, especially in the U.S. after Netflix’ ‘Drive to Survive’ series.
For decades, films and shows adapted from video games have mostly flopped. Yet, Hollywood is giving video games another chance.
Netflix has been dropping hints about expanding into video games, and it appears to be much more than talk.
Netflix is producing a documentary series on Bubba Wallace, the only Black, full-time NASCAR driver, who has had a unique impact on racing.
Netflix has teased the idea of entering the video game market. The company could add to its subscriber base by attracting gamers worldwide.
John Skipper and Dan Le Batard are looking to raise $10 million to $15 million in financing from a variety of investors for their new Meadowlark Media content factory.
