Apple looks to bid on becoming US home for Formula 1

Group 1 - Formula 1 is potentially moving to a new U.S. streaming service, with Apple in discussions to acquire the rights as part of its strategy to invest in live sports [1] - Apple already holds streaming rights for Major League Baseball and Major League Soccer, indicating its growing interest in sports content [1] - ESPN's current contract for Formula 1 will expire next year, creating an opportunity for Apple and other bidders to enter the market [1] Group 2 - The news coincides with the success of Apple's new Formula 1 movie, produced by F1 star Lewis Hamilton, marking a significant moment for F1-related entertainment [2] - The popularity of Formula 1 in the U.S. has surged since Netflix's "Drive to Survive" premiered in 2019, contributing to increased viewership, particularly among young women [2] - Apple TV has not provided any immediate comments regarding the potential acquisition [2]