The FOX Broadcasting Company is emerging as a strong contender for the broadcast rights of the NTT IndyCar Series. NBC, the current TV and streaming partner of the series, is in the final year of its exclusive rights agreement with IndyCar.
According to multiple sources, FOX, known for its coverage of Formula 1, IMSA, Supercross, and the FIA World Endurance Championship, has shifted its focus primarily to NASCAR and related programming. However, they have shown interest in acquiring the rights to IndyCar as well. IndyCar/Penske Entertainment CEO Mark Miles confirmed that discussions with FOX and other networks are ongoing.
Moving to FOX and its sports cable outlets would offer IndyCar a fresh start, although it would mean leaving NBC, the most-watched network in 2023. However, there are several potential benefits for IndyCar in such a move. One advantage would be the increased priority given to IndyCar by FOX once the network transfers its NASCAR coverage to NBC. Additionally, FOX’s diminished NASCAR schedule would allow IndyCar to retain a racing audience throughout the year and provide the series with a stronger spotlight.
NBC’s closure of its NBCSN sports cable channel has led to limited viewership response for IndyCar on its replacement platforms. By partnering with FOX, IndyCar could return to a well-established sports cable home and potentially expand its presence with original programming on FS1. FOX’s NASCAR Race Hub could serve as a model for a similar IndyCar-themed show.
IndyCar is also looking for a higher financial payout from its next broadcast partner. While smaller series like IndyCar have not received significant financial windfalls like NASCAR and Formula 1, the formation of a new sports streaming service involving FOX, ESPN, and Warner Bros. Discovery could present additional opportunities for IndyCar.
The upcoming streaming platform will feature a wide range of sports content, including NFL, NBA, MLB, NHL, WNBA, NASCAR, and college sports. It will also include offerings from various networks, including ESPN, ABC, Fox, and TNT. Subscribers will have the option to bundle the streaming service with other platforms like Disney+, Hulu, and Max.
According to the Source racer.com