Business Description
Formula One Group, a subsidiary of Liberty Media Corporation, owns the commercial rights to the FIA Formula One World Championship ? a premier global motorsport competition held annually over nine months, in which teams and drivers race for their respective world titles. Beyond the races themselves, the company manages a wide range of supporting operations, including television production, digital and social media, freight and logistics, and hospitality services at race events. It also oversees the F2, F3, and F1 Academy racing series, helping to develop the next generation of motorsport talent. Founded in 1950 and based in Englewood, Colorado, the company operates across the United States, the United Kingdom, Spain, and numerous other countries worldwide.
