India, Oct. 17 -- Apple TV has secured the US broadcast rights to Formula 1 in a major five-year deal. The latest deal is all set to kickstart next year.

The development comes after the grand success of the Brad Pitt-starrer "F1: The Movie," an Apple Original Film which was released earlier this year. The movie is slated to make its global streaming debut on Apple TV on December 12 . As per formula1.com, the movie has so far grossed around $630 million around the world.

As per CNBC, Apple is paying around $140 million per year for the racing rights. Apple TV will offer coverage of all Formula 1 events, including practice, qualifying and Sprint sessions, as part of the existing $12.99 per month subscription, which is ad-free.

Certain F1...