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Channel 4 Picks Up Rights to Formula One

Channel 4 has picked up the broadcast rights to Formula One in the UK after the BBC, under pressure to make spending cuts, pulled out of its deal three years early. Channel 4 has closed a three-year deal with Formula One believed to be around $90 million to broadcast 10 races a season from 2016. http://deadline.com/2015/12/channel-4-acquires-formula-one-rights-as-bbc-cuts-back-on-sports-rights-1201670388/ #EntertainmentBiz

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