Bravo Lewis Hamilton, cue media frenzy – with, as ever on these occasions, a predictable focus on Hamilton’s future earning power. Thus we find Max Clifford in the Telegraph (not an everyday occurrence in itself) predicting that Hamilton will be ‘bigger than Beckham’ and this, my personal favourite to date, from the Mirror:

He is already on a £75million five year contract with McLaren and has a £10million three year sponsorship deal with Reebok. But extra sponsorship deals could see him on £1billion next year.

Now that would be bucking the credit crunch.

There is, of course, much more interesting territory to be explored here. For example, how will the nascent ‘Brand Hamilton’ be evolved?  To what extent does Hamilton’s appeal extend beyond F1? And what effect is Hamilton having on the F1 brand and audience?

In the UK at least, we already know some of the answers. Yesterday’s Grand Prix drew an average audience on ITV of 8.8m, way ahead of the channel’s slot average for the year so far of 2.6m, with a massive peak audience of 12.5m watching at 18:45 as the race went down to the wire.

Ironically, it was thus easily the most watched race since ITV started broadcasting F1 in 1997 – the irony being that coverage reverts to BBC in 2009, ITV having opted out of F1 earlier this year in order to retain its UEFA Champions League rights.

By Tim Crow on November 3rd, 2008

Tags: BBC, Formula 1, Media, Sponsorship, Television audiences