GRAND PRIX

Liberty Media Corporation Announces Closing of Refinancing of Formula 1 First Lien Term Loan B and Revolving Credit Facility and Incurrence of New First Lien Term Loan A

Retrieved on: 
Wednesday, November 23, 2022
Motor Sports, Technology, Baseball, Sports, Other Communications, Entertainment, Communications, Software, General Entertainment, TV and Radio, FIA, Sirius XM, Formula One, FIA Formula Two Championship (2009–2012), Formula One Group, Live Nation Entertainment, Liberty Media, Formula, GRAND PRIX, Liberty, Hand, Penske Media Corporation, Term loan, Security (finance), Bank, F1

The terms of the transaction provide for, amongst other things a maturity of January 15, 2030 for the Term Loan B and January 15, 2028 for the Term Loan A and revolving credit facility.

Key Points: 
  • The terms of the transaction provide for, amongst other things a maturity of January 15, 2030 for the Term Loan B and January 15, 2028 for the Term Loan A and revolving credit facility.
  • The reference rate for the Term Loan A, Term Loan B and dollar borrowings under the revolving credit facility is Term SOFR.
  • The Term Loan B, the Term Loan A and the revolving credit facility remain non-recourse to Liberty Media.
  • Formula 1 is a subsidiary of Liberty Media Corporation, attributed to the Formula One Group tracking stock (NASDAQ: FWONA, FWONK).

Manhattan West Announces Investment and Partnership with Round Room Studios to Launch the Formula 1® Exhibition

Retrieved on: 
Wednesday, November 16, 2022
Motor Sports, Technology, Sports, Finance, Entertainment, Professional Services, Events, Concerts, Audio, Video, General Entertainment, Asset Management, Sale, Venture capital, Private equity, Jurassic World, Musical, Liberty Media, FIA, Partnership, Exhibition, Formula One, Engineering, FIA Formula 2 Championship, Formula One Group, Athlete, Insurance, Baby Shark, Real estate, Grand Prix, Consumer, GRAND PRIX, Running, Formula, Retail, Entertainment, F1

Manhattan West , a global strategic investment firm, has announced that Manhattan West Private Equity is the lead investor in the Formula 1 Exhibition through the firms partnership with world-renowned production company, Round Room Studios .

Key Points: 
  • Manhattan West , a global strategic investment firm, has announced that Manhattan West Private Equity is the lead investor in the Formula 1 Exhibition through the firms partnership with world-renowned production company, Round Room Studios .
  • The exhibition is delivered across six purpose-built rooms, each specially designed in partnership with award-winning artists, filmmakers, and craftsmen.
  • To partner with Round Room Studios and help the sophisticated team there develop the Formula 1 Exhibition is a thrilling opportunity for Manhattan West, said Matt Gibbons , Managing Director and head of Manhattan West Private Equity.
  • Round Room Studios and its US affiliate Round Room Live are the producers and promoters of travelling exhibitions and theatrical shows.

PATRÓN Tequila Becomes the First-Ever Official Tequila Partner of the Formula 1 Paddock Club™

Retrieved on: 
Tuesday, May 24, 2022
FIA, Hospitality, Bacardi, GRAN, VIP, DRESS, Formula One, View, Highland, FIA Formula 2 Championship, BEE, Formula, The Paddock Club, HONDA, ITS, ARAMCO, GRAND PRIX, Drama, Nightclub, Fireworks, Liquor, F1

ATOTONILCO EL ALTO, Mexico, May 24, 2022 /PRNewswire/ -- PATRÓN tequila, the world's number one super-premium tequila*, is now the official tequila of the F1 Paddock Club™, the ultimate trackside experience Formula 1® offers to VIP guests at each race weekend.  This marks the first-ever exclusive tequila partnership within the F1 Paddock Club™ debuting at the premium yacht experience at the FORMULA 1 GRAND PRIX DE MONACO 2022, and further solidifies PATRÓN's role in the world of F1®, following the recent collaboration with beloved Mexican racing icon Sergio "Checo" Perez earlier this year.

Key Points: 
  • "PATRN is the perfect brand to be our exclusive tequila partner for the Paddock Club and look forward to creating a best-in-class cocktail experience at the upcoming races this season and in 2023."
  • From hand-harvesting the highest-quality 100 percent Weber Blue Agave, to the traditional, time-honored distillation process and individual labeling, numbering, and inspection of each bottle, PATRN Tequila is crafted with meticulous precision and care.
  • Formula One World Championship Limited is part of Formula 1and holds the exclusive commercial rights to the FIA Formula One World Championship.
  • The F1 logo, F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB and related marks are trademarks of Formula One Licensing BV, a Formula 1 company.

Formula 1® and SiriusXM announce multi-year extension

Retrieved on: 
Friday, May 6, 2022
ESPN, Business, Sirius XM, NASDAQ, Miami Grand Prix, Formula One, GRAND PRIX, Liberty Media, Music, Safety, FIA, Sirius XM Canada, Formula One Group, FIA Formula 2 Championship, ESPN Xtra, U.S. International, Driver, Canadian Grand Prix, Broadcasting, BBC, Content creation, News, Formula, ARAMCO, Communications satellite, Mobile phone, Fireworks, F1

All Formula 1 races will be available to subscribers on SiriusXM radios and on the SXM App.

Key Points: 
  • All Formula 1 races will be available to subscribers on SiriusXM radios and on the SXM App.
  • "We are very happy to extend our relationship with SiriusXM," said Ian Holmes, Director of Media Rights and Content Creation at Formula 1.
  • Formula One World Championship Limited is part of Formula 1 and holds the exclusive commercial rights to the FIA Formula One World Championship.
  • The F1 logo, F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB and related marks are trademarks of Formula One Licensing BV, a Formula 1 company.

Formula 1® and SiriusXM Announce Multi-Year Extension

Retrieved on: 
Thursday, May 5, 2022
Pandora, Communication, Projection, Failure, Formula One, NEW, Liberty Media, Formula One Group, Annual report, SEC, Formula, ARAMCO, Sport, ESPN, Sirius XM, NASDAQ, Company, SIRI, FIA Formula 2 Championship, Industry, Government, Radio, Intention, News, U.S. Securities and Exchange Commission, Private Securities Litigation Reform Act, Music, Miami Grand Prix, Policy, FIA, Security (finance), U.S. International, Broadcasting, BBC, Content creation, COVID-19, Privacy, Information technology, GRAND PRIX, Software, ESPN Xtra, Driver, FCC, Marketing, Communications satellite, Mobile phone, Risk management, F1

NEW YORK, May 5, 2022 /PRNewswire/ -- Formula 1® and SiriusXM announced today a multi-year extension to their relationship, which will continue to deliver coverage of every F1® race to SiriusXM listeners nationwide through 2024.

Key Points: 
  • All Formula 1 races will be available to subscribers on SiriusXM radios and on the SXM App.
  • "We are very happy to extend our relationship with SiriusXM," said Ian Holmes, Director of Media Rights and Content Creation at Formula 1.
  • Formula One World Championship Limited is part of Formula 1 and holds the exclusive commercial rights to the FIA Formula One World Championship.
  • The F1 logo, F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB and related marks are trademarks of Formula One Licensing BV, a Formula 1 company.

Formula 1 and Tata Communications announce multi-year strategic collaboration

Retrieved on: 
Thursday, March 17, 2022
Zero, Carbon, Formula, MD, Formula One, Tata Communications, Solution, Technology, Formula One Group, Media, GRAND PRIX, FIA Formula 2 Championship, Tata Group, Liberty Media, Tata, NASDAQ, BSE, Grand Prix, IDC, McLaren Technology Centre, NSE, Company, CEO, FIA, Social networking service, Entertainment, F1

LONDON and MUMBAI, India, March 17, 2022 /PRNewswire/ -- Formula 1® and Tata Communications – a global digital ecosystem enabler powering  the fast-growing digital economy, today are delighted to announce a multi-year strategic collaboration, with Tata Communications returning to sport as the Official Broadcast Connectivity Provider of Formula 1, to deliver and enhance a world-class, technologically advanced experience for fans globally.

Key Points: 
  • LONDON and MUMBAI, India, March 17, 2022 /PRNewswire/ -- Formula 1 and Tata Communications aglobal digital ecosystem enabler powering the fast-growing digital economy, today are delighted to announce a multi-year strategic collaboration, with Tata Communications returning to sport as the Official Broadcast Connectivity Provider of Formula 1, to deliver and enhance a world-class, technologically advanced experience for fans globally.
  • Tata Communications will empower Formula 1 with global end-to-end managed network services for video contribution, thereby transforming the motorsports experience.
  • Following the introduction of Formula 1's remote broadcast operations in 2020, Tata Communications has allowed reduction in the organisation's travelling freight by 34%.
  • Stefano Domenicali, President & CEO of Formula 1, said"We are delighted to welcome Tata Communications back as a partner following previous successes in our partnerships.

Formula 1 and Tata Communications announce multi-year strategic collaboration

Retrieved on: 
Thursday, March 17, 2022
Zero, Carbon, Formula, MD, Formula One, Tata Communications, Solution, Technology, Formula One Group, Media, GRAND PRIX, FIA Formula 2 Championship, Tata Group, Liberty Media, Tata, NASDAQ, BSE, Grand Prix, IDC, McLaren Technology Centre, NSE, Company, CEO, FIA, Social networking service, Entertainment, F1

LONDON and MUMBAI, India, March 17, 2022 /PRNewswire/ -- Formula 1 and Tata Communications aglobal digital ecosystem enabler powering the fast-growing digital economy, today are delighted to announce a multi-year strategic collaboration, with Tata Communications returning to sport as the Official Broadcast Connectivity Provider of Formula 1, to deliver and enhance a world-class, technologically advanced experience for fans globally.

Key Points: 
  • LONDON and MUMBAI, India, March 17, 2022 /PRNewswire/ -- Formula 1 and Tata Communications aglobal digital ecosystem enabler powering the fast-growing digital economy, today are delighted to announce a multi-year strategic collaboration, with Tata Communications returning to sport as the Official Broadcast Connectivity Provider of Formula 1, to deliver and enhance a world-class, technologically advanced experience for fans globally.
  • Tata Communications will empower Formula 1 with global end-to-end managed network services for video contribution, thereby transforming the motorsports experience.
  • Following the introduction of Formula 1's remote broadcast operations in 2020, Tata Communications has allowed reduction in the organisation's travelling freight by 34%.
  • Stefano Domenicali, President & CEO of Formula 1, said"We are delighted to welcome Tata Communications back as a partner following previous successes in our partnerships.

Formula 1 Partners With Lenovo to Bring Its Cutting-Edge Technology to Its Operations

Retrieved on: 
Thursday, March 10, 2022
Technology, Mobile, Wireless, Audio, Video, Automotive, Sports, Software, Networks, Motor Sports, Internet, Other Automotive, Hardware, Data Management, Performance & Special Interest, Consumer Electronics, NASDAQ, Heart, Formula One, GRAND PRIX, Collection, 1, Bahrain Grand Prix, Sport, Grand Prix, Partnership, Partner, Employment, Engineering, Supercomputer, Chief executive officer, Formula One Group, Virtual reality, LENOVO, Multimedia, News, FIA, Formula, Liberty Media, Mercedes AMG High Performance Powertrains, Solution, Technology, Software, FIA Formula 2 Championship, ADR, HKSE, CEO, Fortune Global Forum, Risk management, Video game console, Management, Lenovo, F1, Formula 1®, Lenovo, FORMULA 1®, LENOVO

The multi-year deal will see Lenovos cutting-edge technology used across Formula 1s operations as it continues to bring the highest-level of racing and entertainment to its worldwide fanbase.

Key Points: 
  • The multi-year deal will see Lenovos cutting-edge technology used across Formula 1s operations as it continues to bring the highest-level of racing and entertainment to its worldwide fanbase.
  • As global leaders in their respective fields, Formula 1 and Lenovo want to push the boundaries of whats possible when combining sports with advanced technology.
  • View the full release here: https://www.businesswire.com/news/home/20220310005287/en/
    Formula 1 will leverage Lenovos cutting-edge technology in its operations on and off the track.
  • Together Lenovo and Formula 1 will push the limits of technology to help shape a faster, smarter, and more sustainable future.

Motorsport Games and Adam Breeden announce global agreement with Formula 1® to create next-level competitive socialising experience, launching in London in 2022  

Retrieved on: 
Monday, February 14, 2022
Central London, Motorsport, Concept, Studio, GRAND PRIX, Landsec, NBA, Technology, FIA World Rallycross Championship, Virgin Group, Formula One, Formula One Group, Video, Nintendo Switch, RFactor 2, Company, Liberty Media, Partnership, Industry, NASDAQ, Ecosystem, Grand Prix, CFO, Founder, Le Mans, NASCAR, Motorsport Network, Everyman Cinemas, FIA, GLOBE, City, F&B, PlayStation, CEO, FIA Formula Two Championship (2009–2012), Group, One New Change, Xbox, Formula, 2019 FIA Motorsport Games Formula 4 Cup, 1, Project, BMW, BTCC, Tourism, Retail, Entertainment, Video game, Management, F1, INDYCAR

Dmitry Kozko, CEO, Motorsport Games, said: Were honoured to work with Kindred Concepts and Formula 1 to help successfully launch this cutting-edge gaming experience.

Key Points: 
  • Dmitry Kozko, CEO, Motorsport Games, said: Were honoured to work with Kindred Concepts and Formula 1 to help successfully launch this cutting-edge gaming experience.
  • Motorsport Games prides itself on the authenticity and realism brought to each of our games and the simulators at this venue will be no different.
  • Kindred Concepts was founded by Adam Breeden, the pre-eminent figure in competitive socialising in the UK.
  • Formula One World Championship Limited is part of Formula 1 and holds the exclusive commercial rights to the FIA Formula One World Championship.

Formula 1 And Motorsport Network Unveil Fan Results Of Largest Single Sports Survey Ever Conducted By Nielsen Sports

Retrieved on: 
Thursday, October 21, 2021
Twitter, Partnership, Ageing, Motorsport Network, Nielsen Holdings, FIA Formula Two Championship (2009–2012), Drive To Survive, FIA, GRAND PRIX, United Kingdom, Red Bull, Instagram, Disclosure, Facebook, Multimedia, Health, Formula, McLaren, Grand Prix, Monza, Nielsen, View, Overalls, Senior, Investment, Company, Motorsport.com, Liberty Media, Industry, NYSE, Leadership, Formula One, Social media, LLC, Internet, CEO, Growth, News, Esports, Female, 2021 Lancashire County Council election, Heart, LinkedIn, NASDAQ, Michael Nielsen (sport shooter), Netflix, No, Forward-looking statement, Formula One Group, Intention, Ferrari, Mercedes, Particle-size distribution, Online gambling, Sport, Carbon fibers, Entertainment, Video game, Public relations

AUSTIN, Texas, Oct. 21, 2021 /PRNewswire/ --Formula 1 and Motorsport Network, today announced the results of the 2021 F1 Global Fan Survey.

Key Points: 
  • AUSTIN, Texas, Oct. 21, 2021 /PRNewswire/ --Formula 1 and Motorsport Network, today announced the results of the 2021 F1 Global Fan Survey.
  • The 2021 F1 Global Fan Survey results revealed that Formula 1 is considered the pinnacle of motorsport in the eyes of fans globally.
  • I also want to thank Motorsport Network and Nielsen Sports for the incredible job they have done," said Stefano Domenicali, President and CEO of Formula 1.
  • Findings from the Motorsport Network F1 Global Fan Survey indicate fans are very enthusiastic with the direction the sport is taking.