Apple TV has signed an exclusive five-year deal to be the broadcaster of Formula 1 in the United States starting in 2026, it was announced Friday.
Apple's deal is believed to be worth $160 million per year.
The agreement comes after the release of the "F1" movie, which Apple made in close collaboration with the sport.
ESPN's coverage started in 2018 and will run until the end of this year.
ESPN said in a statement: "We're incredibly proud of what we and Formula 1 accomplished together in the United States and look forward to a strong finish in this final season. We wish F1 well in the future."
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F1 president Stefano Domenicali said in a statement: "We [Apple and F1] are no strangers to each other, having spent the past three years working together to create F1 The Movie, which has already proven to be a huge hit around the world.
"We have a shared vision to bring this amazing sport to our fans in the U.S. and entice new fans through live broadcasts, engaging content, and a year-round approach to keep them hooked."
F1 arrives in the U.S. this week as the battle for the drivers' title between Oscar Piastri and Lando Norris continues at Austin's Circuit of the Americas.
Red Bull's Max Verstappen is also in contention to win his fifth championship, but he faces an uphill battle in his efforts to leapfrog the McLaren drivers who he trails by more than 40 points with six races remaining.
"We're thrilled to expand our relationship with Formula 1 and offer Apple TV subscribers in the U.S. front row access to one of the most exciting and fastest-growing sports on the planet," Apple senior vice president of services Eddy Cue said.
