Spanish TV production company Mediapro is launching a regional 24 hour Formula One channel after acquiring the rights for most of Central, South America and the Caribbean.

The company has acquired the FTA and pay-TV rights to F1 for the regions, excluding Brazil, from 2015 to 2019. To exploit them, Mediapro will create a regional sports pay-TV channel to compete with Fox Sports, and Walt Disney’s ESPN.

Mediapro already produces a pay-TV sports channel for Al Jazeera in the Middle East and owns the TV rights of La Liga teams Real Madrid and Barcelona.

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