Penske Entertainment, the parent company of INDYCAR, the NTT INDYCAR SERIES and Indianapolis Motor Speedway, and the Fox Corporation, the parent company of FOX Sports, has acquired a one-third interest in Penske Entertainment, inclusive of INDYCAR and the Indianapolis Motor Speedway.

The investment is expected to supercharge a new era of growth for the NTT INDYCAR SERIES, according to the company, with updates including:

• Innovative and industry-leading racing and entertainment events
• A hyper-engaged digital strategy and immersive content focus
• Enhanced promotion and star-building opportunities for NTT INDYCAR SERIES drivers

The announcement also includes a multi-year extension of INDYCAR's media rights with FOX Sports.

"This partnership is built on long-standing trust and a shared vision for the future," Roger Penske said. "FOX sees the incredible potential across our sport and wants to play an active role in building our growth trajectory. Lachlan Murdoch and his team, starting with Eric Shanks, are committed to our success and will bring incredible energy and innovation to INDYCAR."

FOX Sports acquired INDYCAR's media rights in 2025. This year's Indianapolis 500 on FOX averaged 7.01 million viewers, a 41% increase over the previous edition and a 17-year high. So far, the 2025 NTT INDYCAR SERIES season is averaging a 31% increase in viewership year-over-year.

"We're thrilled to join the INDYCAR ownership group at such a pivotal time for the sport," said Eric Shanks, CEO and executive producer, FOX Sports. "INDYCAR represents everything we value in live sports--passionate fans, iconic venues, elite competition and year-round storytelling potential. This investment underscores our commitment to motorsports and our belief in INDYCAR's continued growth on and off the track. We're excited to help elevate the sport to new heights across all platforms."

For more information, visit indycar.com.