Formula One and NBC have agreed to a four-year television deal, starting in 2013. Under the terms of the deal, four races will be broadcast on NBC. The remaining 16 races, as well as all the practice and qualifying sessions, will be shown on the NBC Sports Network on cable.
All 20 races will be live streamed.
“NBC and its various media assets have a huge profile throughout the United States, and I am obviously delighted to have concluded this agreement," said Bernie Ecclestone, Formula One Group CEO. "I feel that they will promote Formula One to a level not seen before in the United States.”
This all happened rather quickly. Last last week, SPEED announced it had been outbid by another network for television rights in the Unted States. The cable channel had broadcast F1 for 17 years. Immediately, word spread that NBC was in talks with F1.
Next year, the series is poised to have its highest profile in the United States in quite some time, with the possibility of hosting two races -- the United States Grand Prix in Austin, Texas, and the Grand Prix of America in New Jersey, just across the Hudson River from New York City.
While the Grand Prix of America has yet to be confirmed -- it appeared on the provisional 2013 calendar with an asterisk -- this latest TV news proves auspicious.