The NTT IndyCar Series is on the verge of finalizing a new media rights deal with Fox Sports. With an official announcement expected in the coming days, the series will end its current relationship with NBC, which has been a broadcasting partner for several years. The current agreement with NBC is set to expire in 2024, prompting IndyCar to seek new partners for the 2025 season and beyond.
While the specifics of the deal between Fox and IndyCar remain unclear, the series has been searching for a single full-season partner for its next cycle. This would mean an increased value of media rights for IndyCar, with Penske Entertainment’s President & CEO, Mark Miles, expressing optimism about the potential changes.
The negotiations have been guided by consultants Karen Brodkin from Endeavor and Hillary Mandel from IMG Media. Fox and IndyCar have not provided any comments regarding the ongoing discussions, and NBC has not responded to inquiries about the potential changes. Penske Entertainment, the parent company that also owns the iconic Indianapolis Motor Speedway, is looking towards a new era of broadcasting partnerships for the IndyCar series.
As a consequence of NASCAR’s new media rights deals, Fox will no longer show the Coca-Cola 600 on Memorial Day weekend, leaving room for the Indianapolis 500 to potentially fill that slot. This story is still developing and updates will follow as more information becomes available.
