The new agreement includes coverage of Friday and Saturday’s practice sessions, qualifying and races. In addition, Movistar+ has been granted a number of further digital rights.
“Spain is one of the most important European markets for Formula 1 and, thanks to this partnership, the Spanish fans will be able to continue to enjoy the spectacle provided by the pinnacle of motorsport 24/7 on a dedicated channel, Movistar F1,” said Ian Holmes, Director of Media Rights, Formula 1.
“We will be also help Movistar+ to produce exclusive content for its distribution across their digital and social media platforms, which will contribute to broaden the fan base and its engagement.”
Alex Martinez Roig, Movistar+ Content Manager, added: “We are poised to build an ambitious project with Formula 1, with one specific goal in mind – broadening the Formula 1 fan base and meeting its wildest expectations. Most of the fans are tech savvy viewers and the online environment is the niche we want to explore and where we anticipate a major breakthrough.
“2018 will be the fifth consecutive year in which Formula 1 will be fully broadcast in Spain by Movistar F1, our dedicated channel. The renewal of the partnership constitutes a further step in our commitment to provide the Spanish viewers with the best possible sports offer.”
The broadcast agreement with Movistar+ is added to the others which were sealed throughout 2017, among them Australia, France, Germany and the United States.