More details continue to emerge about NASCAR's TV deal with Fox. The network has agreed to extend its current contract through 2022 at a cost of $2.4 billion, but the overall package is similar to the previous deal between them. Fox has not clarified its plans for the Speed channel, and will the contract extension actually benefit fans?
NASCAR and Fox Reach a New Deal
NASCAR and Fox have agreed to a deal that extends their partnership by eight more years and includes $2.4 billion. NASCAR seems thrilled with the deal because Fox will be paying more per year after 2014. Fox will continue to air 13 Sprint Cup races, but the fate of the remainder of NASCAR's future seasons has not been decided. The organization will continue to negotiate contracts with other networks.
What will Happen to Speed?
Fox has been rumored to be working on turning the Speed channel into Fox Sports 1. Fans have become used to having Speed as the network for full-time motorsports news and updates. However, if the reports about Fox Sports 1 are correct, the revamped channel will no longer focus solely on motorsports. Unfortunately, Fox is not giving out any answers at this point, and it remains unclear if NASCAR races will be shown on cable or other options.
Live Streaming of Races
One aspect of the deal between NASCAR and Fox is the network's acquisition of digital rights for the races. In 2013, fans may begin to see Fox streaming the races online, but the company has not provided many details on its plans. Will live streaming be available from Fox for free or become a paid service? The network's ideas will become clear in the future.
Along with the possibility of online streaming, some fans have been curious about Fox's plans for revamping the way it broadcasts the races. NASCAR and Fox have not provided a great deal of information on this portion of the deal, and the organization now seems to be focused on securing contracts with other networks. NASCAR has been linked to rumored negotiations with NBC, CBS, ESPN and TBS.
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Growing up in Indiana, Lana developed a love for motorsports at an early age. She follows NASCAR, IndyCar and Formula One. Follow @Lana_Bandoim on Twitter.