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David Brown

πŸ‘€ Speaker
3600 total appearances
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Appearances Over Time

Podcast Appearances

Business Wars
F1 vs NASCAR | Land of Liberty | 3

The 2020 season ultimately delivers 17 races.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

That's five fewer than originally planned, but enough to keep the championship alive.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

And with millions of people stuck at home looking for something new, Formula One's audience begins to surge.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

And it finally makes a breakthrough in the United States.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

Viewership there almost doubles between 2018 and 2021.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

Live attendance at the United States Grand Prix climbs at a similar rate.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

And with interest rising, Formula One announces its return to Las Vegas.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

The larger audience soon translates into revenue,

Business Wars
F1 vs NASCAR | Land of Liberty | 3

In 2022, Formula One renews its TV deal with ESPN.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

Just a few years earlier, ESPN got the rights for free.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

This time, it pays an estimated $90 million per year for them.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

Now, sure, this is a big leap forward for Formula One, but NASCAR's television rights are worth around 10 times that.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

And a typical NASCAR race still attracts about three times the viewers of a Formula One Grand Prix in the US.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

But it's the trend that matters.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

Formula One is accelerating.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

NASCAR, well, it's coasting.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

And its executives are starting to glance in the rear view mirror a little more often.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

With Formula One coming up fast, NASCAR's bosses don't think they can wait years for a full reinvention.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

They want faster results, so they borrow from Formula One's playbook.

Business Wars
F1 vs NASCAR | Land of Liberty | 3

First, they change where NASCAR races.