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More Formula One TV Details
"RPM 2Night" commentator Robin Miller of The Indianapolis Star gives some
details about the Formula One TV contract:
TV revenue is $350 million annually.
$180 million of the TV revenue is distributed to the teams.
However, the money is distributed to teams based on performance. McLaren and
Ferrari each receive $22 million, while even a team with no points last year
like British American Racing (BAR) received $6 million.
"Television became Ecclestone's main focus, not the paying customers. He
recognized the potential of TV and how little of it was being utilized. 'I
don't care if nobody shows up at the track, it's television that will drive
this sport,' he said nearly 10 years ago when an estimated 50 million people
were watching. Today, 350 million tune in to a Grand Prix 17 times a year."
"The Economist" Takes A Major Shot at F1's Ecclestone; TV Details Given
Britain's leading business magazine, The Economist, takes a major swing at
F1 czar Bernie Ecclestone in its July 15th issue and, in the process, gives
us a peek at F1 TV details:
The 17 races pull in a total of more than 5 billion viewers.
The stated TV revenue for 1999 is $241 million, a number which most people
assume is severely understated.
David G Fisher