Fox Corporation has acquired a one-third interest in Penske Entertainment, enhancing its involvement in INDYCAR's growth, while extending media rights with FOX Sports.

Target Information

Penske Entertainment, the owner of the NTT INDYCAR SERIES and the iconic Indianapolis Motor Speedway, has received a strategic investment from Fox Corporation. Fox's acquisition involves a one-third interest in Penske Entertainment, which positions them as key stakeholders in North America’s leading open-wheel racing series.

This partnership is set to enhance the growth trajectory of INDYCAR through innovative racing and entertainment events, a robust digital content strategy, and increased promotional opportunities for its drivers.

Industry Overview

The NTT INDYCAR SERIES stands as the only premier motorsport in North America that is fully broadcasted on U.S. network television. With a field compr