Sky Sports has secured a contract extension with Formula 1 to show every Grand Prix live until 2024, and will take exclusive live rights in 2019.

The British broadcaster has signed a new deal pushing its existing relationship until the end of the 2024 season and as part of the arrangement Sky Sports will be the only channel to show live races on its subscription channel, while making the British Grand Prix free-to-air.

Bernie Ecclestone, CEO Formula One Group, said: "I am delighted that we will continue to work together. Sky's commitment to the sport and standard of coverage is second to none."

Sky Sports managing director Barney Francis has echoed Ecclestone's sentiments and is keen to enhance its engagement with the sport over the next eight years.

"This is a brilliant deal that takes Sky's partnership with F1 to the next level," Francis said. "Since 2012, we have demonstrated unrivalled commitment to F1, offering fans innovations including a dedicated channel and the very best broadcasting talent.

"We are absolutely delighted that we are strengthening our coverage for viewers even further, with live and exclusive F1 from 2019 and the chance to watch in Ultra High Definition for the first time from next season. We are pleased to support F1 and look forward to working with them to progress, develop and enhance coverage of the championship during the agreement."

After the BBC pulled out of its contract with F1 early due to cutbacks, Sky is now sharing a broadcast deal with Channel 4 with it showing 10 races live as well as highlights of every event.

The new deal means from 2019 F1 will not be shown on a free and terrestrial channel in the UK.

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At the rate it's going, no-one will be watching F1 then anyway. It's disappearing up it's own ar$e so fast you'd need a remote colonoscopy to view it.