Grupo Televisa Confirmed as F1's New Broadcaster in Mexico

Formula One has inked a new three-year media rights deal with Grupo Televisa in Mexico, running until the end of the 2028 season. This move comes after previous rights holder Fox Sports México reportedly faced payment issues and a trademark infringement lawsuit.

Why it matters:

• This agreement ensures F1 maintains strong broadcast presence in Mexico, a crucial market with a passionate fanbase, especially with Mexican driver Sergio Pérez's confirmed return to the grid with Cadillac Formula One team next year.
• The shift from Fox Sports México highlights the financial stability and reach that broadcasters must demonstrate to secure high-value sports rights like F1.

The Details:

• Contract Terms: The deal grants Grupo Televisa comprehensive rights, including live coverage of every practice, qualifying, and race session through its Sky Sports channels.
• Free-to-Air Access: In a significant move for broader accessibility, the Mexican Grand Prix and an additional two events each season will be broadcast on Televisa's free-to-air (FTA) channels.
• Previous Holder's Woes: Fox Sports México, operated by Media Deportes Mexico (MDM), had a three-year deal until 2025 but reportedly struggled with rights payments, leading to the Premier League terminating its deal early.
• Legal Battles: MDM is also facing a trademark infringement lawsuit from Fox, alleging unauthorized use of the Fox Sports México name.
• Immediate Effect: The new agreement with Televisa takes effect immediately, ensuring a seamless transition for Mexican F1 fans.
• F1 TV Continues: F1's official over-the-top (OTT) platform, F1 TV, will remain available in the Mexican market, offering an additional viewing option.

What's next:

• The new broadcast partnership kicks off with the US Grand Prix in Austin, scheduled between October 17th and 19th, which will be broadcast on Sky Sports.
• The highly anticipated Mexican Grand Prix, held a week later, will be available on both Sky Sports and Televisa's FTA channel, maximizing reach for local fans.
• Formula One's chief media rights and broadcasting officer, Ian Holmes, emphasized the importance of a strong broadcast partner in Mexico due to the country's immense passion for F1, especially with upcoming races in the region.
• TelevisaUnivision's president of global sports, Olek Loewenstein, expressed pride in becoming the official home of all F1 Grands Prix in Mexico for over three years, highlighting the sport's growing popularity.