Sports

IndyCar and NBC Sports confirm new TV contract for 2019

IndyCar and NBC Sports confirm new TV contract for 2019

The new broadcast package includes streaming rights to IndyCar races. As for NBC, the Indianapolis 500 falls in line with other major sports events the network covers. With the Verizon IndyCar Series inking an exclusive multi-year deal with NBC to have its races aired on the network and its NBCSN cable outlet starting in 2019, parting ways with one of its oldest partners was required.

NBCSN, or the NBC Sports Network will carry the remaining the events.

All 2019 INDYCAR races will be streamed live on NBCSports.com and the NBC Sports app to authenticated subscribers. The new contract will also see additional IndyCar Series content added on the NBC Sports Gold direct-to-consumer platform, where fans will be able to purchase additional footage that is not televised. Under the previous 10-year contract, NBC split IndyCar coverage with ABC.

The Indianapolis 500 is on the move with Wednesday's announcement that the IndyCar series will be moving exclusively to NBC for its television exposure. Financial terms were not disclosed, although IndyCar higher-ups had been said to be looking to secure rate double-digit rate increases, on a percentage basis.

ABC's coverage of the Indy 500 was the second-longest sports TV partnership in history, only behind CBS's partnership with the Masters, which started in 1956.

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The Indianapolis 500 also joins NBC's May-June "Championship Season". The programming includes practices, qualifying sessions, support races, Carb Day at Indy, and IndyCar championship celebrations.

"We're excited to have NBC Sports serve as the exclusive home of INDYCAR, which represents the most competitive open-wheel racing in the world,"Jon Miller, president of programming for NBC Sports and NBCSN, said in a statement". Miles said there is a rights fee that NBC will pay IndyCar for the deal and revenue-sharing opportunities related both to ad sales and NBC Sports Gold subscriptions.

IndyCar CEO Mark Miles tells Autoweek there are "at least three large worldwide companies" negotiating to become the IndyCar Series sponsor next season.Once a new television contract for. "We've seen consistent growth for IndyCar on NBCSN in the past decade, and we hope to continue that growth throughout the series by leveraging the television, digital, production and marketing assets that make NBC Sports a powerful media partner". "We look forward to the rest of our events this season and wish them all the best in the future".

The report says NBC will broadcast eight races, including the 500, after this year's season is done. NBC Sports Group possesses an unparalleled collection of television rights agreements, partnering with some of the most prestigious sports properties in the world: the International Olympic Committee and United States Olympic Committee, the NFL, NHL, NASCAR, PGA TOUR, The R&A, PGA of America, Churchill Downs, Premier League, INDYCAR, Rugby World Cup, Six Nations Championship, Tour de France, French Open, and many more.

Penske said NBC Sports will "invest in the future of the sport" at a time when the series has positive momentum.