Formula 1 launches Grand Prix subscription service F1 TV

Formula 1 launches Grand Prix subscription service F1 TV

The subscription business model continues to find many takers across industries. In this week’s subscription roundup, we feature Formula 1’s F1 TV subscription streaming service. With most big media companies already launching their own OTT services, it seems that subscription video streaming is quickly leaving traditional cable services behind. Our next feature looks into Facebook’s new news subscription accelerator to help local news outlets boost their digital subscriptions. Our final feature examines Amazon’s newest addition to the Amazon Prime subscription bundle in India – Amazon Prime Music.



Formula 1 launches OTT platform – F1 TV
In a move which will delight motor sport fans, Formula 1 is set to launch a new Grand prix subscription service called F1 TV during the 2018 season. Subscribers to the OTT platform will get access to ad-free live streams of each race together with multi-language commentary. Along with the races, subscribers will also get access to press conferences and pre/post-race interviews. To start with, F1 TV will be available across two dozen markets and in four different languages, with a monthly pricing plan of $8-$12 and the annual rates will be priced according to the market. This seems to be the icing on the cake for sports fans as last month ESPN announced their subscription streaming service

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Facebook wants to help local newspapers gain more subscriptions
Facebook’s relationship with news publishers has taken a turn for the better. The social media giant’s Facebook Journalism Project recently announced a Local News Subscriptions Accelerator program designed to help local news outlets garner more digital subscriptions. The program has received $3 million in funding and it will help 10-15 news organisations boost their subscription efforts.

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Amazon Prime Music launched in India
Amazon had previously soft launched Amazon Prime Music when it rolled out its range of Echo devices for the Indian market. On the back of a deal with T-Series, India’s biggest music label, the music streaming service has now gone live for all Amazon Prime subscribers in India. Just like Amazon Prime Video, Prime Music will focus on regional content to compete against the likes of Google Play Music, Apple Music and local players such as Gaana, which raised $115 million from Tencent recently. Incidentally, even YouTube is set to launch a music subscription service this year.

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Also read: Amazon plans six more checkout-free Amazon Go stores


(Image credit: Wikipedia)