The move follows Apple’s recent success with “F1,” its original Formula 1-themed film, and signals a deeper commitment to live sports. If finalised, this deal would mark Apple’s third major sports partnership, following its agreements to stream Friday Night Baseball and Major League Soccer.

Apple has submitted a bid worth at least $150 million a year for the U.S. rights to stream Formula 1 races starting in 2026, Business Insider reported on Friday, citing a source familiar with the negotiations.

At the moment, ESPN has the rights. But Apple has made a made a bid “worth at least $150 million a year to stream the races starting in 2026” and ESPN “isn’t going to try to match or beat that,” Business Insider reports.