What can possibly save Formula 1 financially?

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Shrieker
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Joined: 01 Mar 2010, 23:41

Re: What can possibly save Formula 1 financially?

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More prize money for the teams at the bottom and less for the richest teams. I do think that should go a long way with solving problems.
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Sombrero
Sombrero
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Joined: 22 Feb 2012, 20:18

Re: What can possibly save Formula 1 financially?

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Absolutely right but very unlikely to happen...

More money for the richest, less and less for the poorest that is the way the world is going also outside F-1. Unfortunately if you ask me but what we can do ? Let's Lynch The Landlord ?

henra
henra
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Joined: 11 Mar 2012, 19:34

Re: What can possibly save Formula 1 financially?

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Pup wrote: Actual relevancy is, well, irrelevant.
Not 100% correct.

Road relevancy could help them taking over experience from Road car design in order to give them a small edge on track :mrgreen:

rich1701
rich1701
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Joined: 11 Sep 2009, 17:09

Re: What can possibly save Formula 1 financially?

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I think FOM's view on f1 viewership is archaic in the face of modern viewing habits. It's still based around the traditional broadcast model and everything is designed to protect broadcasters. They are slow to adapt to new technologies. It took 5 or 6 years before they went to widescreen for god sake, equally slow to adopt HD broadcasting, they are only now just introducing rotating onboard cameras when other series have had these for years.

Fans are prohibited from uploading their own footage of race meetings. What a mistake that is, what could be a better way to increase the profile of formula 1? Especially for the younger demographic which has been in serious decline over the years. It just makes no sense!

I don't know if anyone has seen what WWE has done recently by launching their own network where viewers can access the entire catalogue of their events on demand for a monthly fee. Plus obviously new live content. This can be made available on platforms like Netflix and Apple TV, that is where future deals need to be made. I think eventually As viewership continues to decline f1 must embrace this model.

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Shakeman
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Joined: 21 Mar 2011, 13:31
Location: UK

Re: What can possibly save Formula 1 financially?

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Pup wrote:What the car companies want is the perception of road relevancy. Actual relevancy is, well, irrelevant.
It depends if you're in the business of producing family run-a-rounds or performance and executive cars.

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Juzh
161
Joined: 06 Oct 2012, 08:45

Re: What can possibly save Formula 1 financially?

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rich1701 wrote:I think FOM's view on f1 viewership is archaic in the face of modern viewing habits. It's still based around the traditional broadcast model and everything is designed to protect broadcasters. They are slow to adapt to new technologies. It took 5 or 6 years before they went to widescreen for god sake, equally slow to adopt HD broadcasting, they are only now just introducing rotating onboard cameras when other series have had these for years.

Fans are prohibited from uploading their own footage of race meetings. What a mistake that is, what could be a better way to increase the profile of formula 1? Especially for the younger demographic which has been in serious decline over the years. It just makes no sense!

I don't know if anyone has seen what WWE has done recently by launching their own network where viewers can access the entire catalogue of their events on demand for a monthly fee. Plus obviously new live content. This can be made available on platforms like Netflix and Apple TV, that is where future deals need to be made. I think eventually As viewership continues to decline f1 must embrace this model.
Too much logic in this post. Not gonna happen with FOM.

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Gridlock
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Joined: 27 Jan 2012, 04:14

Re: What can possibly save Formula 1 financially?

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http://willthef1journo.wordpress.com/20 ... omer-cars/
This is why I believe in customer cars. Not forever. But at the start.
I found it an interesting idea. Also interesting was the side-by-side of Team Principal's thoughts.
#58

Moxie
Moxie
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Joined: 06 Oct 2013, 20:58

Re: What can possibly save Formula 1 financially?

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Sombrero wrote:Absolutely right but very unlikely to happen...

More money for the richest, less and less for the poorest that is the way the world is going also outside F-1. Unfortunately if you ask me but what we can do ? Let's Lynch The Landlord ?

F1 is a game of economics as much as it is a game of engineering. And to real world economics it does represent a model which can lend itself to study. Now before this gets carried too far, I shall acknowledge that a model of this type is far from perfect. However, I bet an economist might have something interesting to say about the disparity between the haves and the have-nots in F1.

CHT
CHT
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Joined: 14 Apr 2008, 05:24

Re: What can possibly save Formula 1 financially?

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Shakeman wrote:
Pup wrote:What the car companies want is the perception of road relevancy. Actual relevancy is, well, irrelevant.
It depends if you're in the business of producing family run-a-rounds or performance and executive cars.
I would believe that the energy recovery and compact turbo engine technology will be applicable for road cars of all shape and sizes from sports car to family MPV. The only challenges are of course affordability and reliability.

mnmracer
mnmracer
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Joined: 17 Sep 2011, 23:41

Re: What can possibly save Formula 1 financially?

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Budget cuts is the big one.
FOM spending its time converting old footage and put it behind an affordable Netflix type service instead of wasting their time hunting down every single YouTube video the day after the race would be nice as well.

Obviously Formula One is, and always has been, an extremely expensive sport, but if you consider that GP2 cars are only 7 - 10 seconds slower, for a fraction of the budget, I would be really interested in understanding why those 10 extra seconds cost 263 million dollars (in the case of Ferrari) extra.

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dans79
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Joined: 03 Mar 2013, 19:33
Location: USA

Re: What can possibly save Formula 1 financially?

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mnmracer wrote: Obviously Formula One is, and always has been, an extremely expensive sport, but if you consider that GP2 cars are only 7 - 10 seconds slower, for a fraction of the budget, I would be really interested in understanding why those 10 extra seconds cost 263 million dollars (in the case of Ferrari) extra.
It's the law of diminishing returns!
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