Apple has submitted a bid worth at least $150 million a year for the U.S. rights to stream Formula 1 races starting in 2026, Business Insider reported on Friday, citing a source familiar with the negotiations.

The Financial Times reports Apple is in talks to steal away the streaming rights for F1 events from Disney following the success of the company’s first box-office smash. ESPN currently broadcasts F1 races, but its contract is set to expire next year.

At the moment, ESPN has the rights. But Apple has made a made a bid “worth at least $150 million a year to stream the races starting in 2026” and ESPN “isn’t going to try to match or beat that,” Business Insider reports.