“The president reached out to member states and to MEPS, that’s what it means. She reached out to member states and MEPs, and I remind you that the member states as the European Council, endorsed and approved the EU Mercosur agreement and empowered the European Commission to move forward with provisional application.”
Apple secured the rights to stream F1 races last year in a deal believed to be valued at around $150 million per year. The company has since been trying to expand the reach of the sport, and this Netflix deal is part of that effort. Apple has inked a deal with IMAX to simulcast some races live in theaters. It's also been reported that Tubi, Comcast, DirecTV and Amazon Prime Video will all have some access to select F1 content.
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But he warns that consolidation will likely lead to fewer films getting made, as happened after Disney bought Fox.