Apple and Netflix have struck an unorthodox deal that will see shared streaming of an upcoming Formula 1 race as well as the eighth season of Netflix docuseries F1: Drive to Survive. Season 8 of Drive to Survive premieres Friday, and the season will appear on both Apple TV and Netflix. Both platforms will also share live coverage of the Canadian Grand Prix over the weekend of May 22 to 24. The programming helps both streaming services with key strategic goals. Apple, which acquired exclusive rights to For ...

Core Viewpoint - FuboTV's COO, Alberto Horihuela, executed a notable insider sale of shares amid strong share price performance, raising questions about the implications of such a transaction [1][10]. Transaction Summary - On November 21, 2025, Horihuela sold 138,753 shares for approximately $438,700, reducing his direct ownership from 1,702,583 to 1,563,830 shares [2][7]. - The post-transaction value of his remaining shares is estimated at around $4,941,700 [2][7]. Market Context - As of the transaction date, FuboTV shares were priced at $3.16, reflecting a 106.5% total return over the past year. However, the share price decreased to $2.86 by December 3, 2025 [4]. Company Overview - FuboTV reported a trailing twelve months (TTM) revenue of $1.62 billion and a net income of $120.6 million, employing 590 individuals [5]. - The company specializes in live sports and entertainment streaming, focusing on content aggregation and leveraging technology to adapt to changing consumer preferences [5]. Insider Background - Alberto Horihuela, a co-founder of FuboTV, has held multiple executive roles within the company, which may influence investor perceptions regarding his share sale [9]. Transaction Intent - The share sale was executed primarily for tax management purposes related to the vesting of restricted stock units (RSUs), with instructions initiated in May 2023 [10][11].

Core Insights - Apple is expanding its presence in sports broadcasting by securing an exclusive agreement with Formula 1 to stream races and related content on Apple TV in the U.S. starting next year [2][7]. Group 1: Agreement Details - The deal includes comprehensive coverage of Formula 1, featuring all practice, qualifying, Sprint sessions, and Grands Prix, along with select races and all practice sessions available for free on Apple TV [2][7]. - Financial terms of the agreement have not been disclosed [2]. Group 2: Strategic Importance - This move is part of Apple's strategy to grow its services business, which accounted for approximately 25% of its sales in the first nine months of its latest fiscal year [5]. - Apple has previously shown Major League Soccer and Major League Baseball games, indicating a broader strategy to enhance its sports programming [3][4]. Group 3: Market Impact - Following the announcement, Apple's shares increased by about 0.4%, although the stock was down approximately 1% year-to-date as of the previous close [5]. - Eddy Cue, Apple's senior vice president of Services, emphasized that the partnership will provide subscribers with "front-row access to one of the most exciting and fastest-growing sports on the planet" [5]. Group 4: Previous Engagements - Earlier this year, Apple released an F1 motion picture that grossed over $600 million globally and plans to stream the movie in December [8].

Core Viewpoint - The company is expanding its offerings of live sporting events on its streaming platform [1] Group 1 - The expansion aims to attract more subscribers and enhance user engagement [1] - This move is part of a broader strategy to compete with other streaming services in the sports broadcasting market [1]