Apple has clinched U.S. rights to Formula 1 , adding its live races to flagship streaming service Apple TV in the wake of Brad Pitt movie blockbuster F1 : The Movie .

The 5-year agreement starts next year. Financial terms were not disclosed, but Apple has been in the lead to secure the rights for several months.

Derek Chang, CEO of F1 parent Liberty Media, said at a Wall Street conference last month that rights talks were “pretty far along” with one partner, though he stopped short of naming Apple. The tech giant offered between $120 million and $150 million per year, far more than incumbent ESPN’s top bid of $90 million, according to a report last summer by The Athletic .

In a press briefing before Friday’s announcement, Apple SVP of Services Eddy Cue and F1 CEO Stefano

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