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Formula 1 Group, owned by Liberty Media, holds exclusive commercial rights to the FIA Formula One World Championship, an annual, nine-month-long, motor race-based competition in which teams compete for the Constructors’ Championship and drivers compete for the Drivers’ Championship. Formula 1 racing began in 1950 and is the global pinnacle of automotive racing. The 2024 FIA Formula One World Championship™ runs from March to November and spans across 21 countries and five continents.

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