F1, ESPN open talks over next US media rights deal, FT reports

Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, United States - November 21, 2024 McLaren's Lando Norris during practice REUTERS/Mike Blake

(Reuters) -Formula One has opened negotiations with broadcaster ESPN over its next U.S. media rights deal with one year left on the existing contract, the Financial Times said on Thursday.

Formula One and ESPN are locked in talks during an exclusivity period that expires before the end of the year, the FT report said, citing two people with direct knowledge of the matter.