BMW partners with Drone Racing League

>> MARIA: NOW THIS, ONE OF THE FASTEST GROWING RACING LEAGUES HAS NOTHING TO DO WITH CARS THE DRONE RACING LEAGUE GROWING RAPIDLY SINCE ITS LAUNCH IN 2015

BIG BUSINESS IS GETTING IN EARLIER THIS WEEK THE DRL SIGNED A SPONSORSHIP DEAL WITH COX COMMUNICATIONS TODAY IT'S ANNOUNCING A PARTNERSHIP WITH BMW HERE, FIRST ON FOX BUSINESS, JOINING US RIGHT NOW IS NICHOLAS ROBESHEVSKI THIS IS THE DRONE? >> THIS IS THE DRONE, THE DRL RACER THREE

WE USE THESE TO RACE IN ALL OUR COMPETITIONS THIS GOES FROM 0 TO 80 MILES AN HOUR IN LESS THAN A SECOND >> WHERE DID YOU GET THE IDEA TO DO THIS? >> I WAS LOOKING FOR A NEW BUSINESS IN SPORTS AND MEDIA AND I WAS LOOKING AROUND AND I CAME ACROSS DRONE RACING DRONE RACING'S BEEN AROUND FOR MANY YEARS AS AN AMATEUR SPORT A FRIEND TOOK ME TO A FIELD IN LONG ISLAND, SHOWED ME PEOPLE RACING THEIR DRONES

I SAID WE'VE GOT TO TURN INTO THIS A PRO SPORT >> MARIA: WHERE DOES THIS HAPPEN? WHERE ARE THE FIELDS? >> THERE'S ORGANIZED DRONE RACING IN EVERY COUNTRY I LOOKED FOR IN LONG ISLAND THERE'S A FIELD BEHIND HOME DEPEE POE HOME DEPOT PEOPLE RACE THEIR DRONES THERE

WE DID A RACE IN A PALACE IN LONDON AND WE'RE HERE TODAY BECAUSE WE'RE EXCITED TO ANNOUNCE WE'LL DO A RACE THIS YEAR AT THE BMW IN MUNICH >> MARIA: IT'S ALL ABOUT THE DRONE THAT'S FASTEST TELL US ABOUT THE COMPETITION BECAUSE HOW DO YOU KNOW THAT ONE DRONE IS GOING TO BE BETTER THAN THE OTHER OR FASTER THAN THE OTHER? >> IN DRL, EVERYONE RACES THIS DRONE, AN IDENTICAL DRONE, ALL TUNED TO THE EXACT SAME SPECIFICATIONS >> MARIA: HOW DO YOU GO FASTER THAN THE NEXT GUY? >> YOU FLY FASTER

IT'S ABOUT PILOT SKILL >> IT'S LIKE NASCAR IN THE AIR, RIGHT? >> DAGEN: TO ALL THE PEOPLE WHO WOULD SAY FOOLISHLY THAT NASCAR IS NOT A SPORT, IF YOU CALL THIS A SPORT, NASCAR'S A SPORT >> ARE THESE COMMERCIALLY AVAILABLE? >> WE DON'T SELL THESE TO THE PUBLIC MOST COMMERCIAL DRONES ARE QUITE SLOW, THEY'RE MEANT FOR TAKING PICTURES FROM THE AIR THESE ARE HIGH PERFORMING RACING CRAFT, 0 TO 80 IN LESS THAN A SECOND, TOP SPEED OVER 80 MILES AN HOUR

>> DO YOU HAVE THE SAME RULES IN NASCAR, NO BUMPING? >> NO, WE ALLOW BUMPING THE ACTUAL RACE IS ONE MINUTE LONG ONE OF THE EVENTS IS MADE UP OF MANY RACES IN EVERY RACE, ABOUT HALF THE DRONES CRASH THEY COLLIDE WITH EACH OTHER

>> AND NOBODY GETS HURT >> IT TAKES AWAY THE MORAL HAZARD OF CRASHING BUT BRINGS IN THE EXCITEMENT AND SPEED AND EX I'LL RAISE >> MARIA: TELL > MARIA: TELL >> MARIA: TELL US ABOUT THE DEAL WITH BMW >> WE'RE DOING A RACE AT THE BMW WELL, WHICH IS IN MUNICH WHERE THEY KEEP THEIR LINE OF CARS AND WE'RE ALSO DOING — LAST YEAR WE DESIGNED THE FASTEST DRONE IN THE WORLD, WE SET THE GUINNESS WORLD RECORD FOR THE FASTEST DRONE

WE'RE DESIGNING IT TO GO FASTER WITH THE HELP OF BMW >> WHAT DOES THAT DRONE SELL FOR? >> WE DON'T SELL THESE TO THE PUBLIC >> DAGEN: HOW DO YOU BECOME A PROFESSIONAL DRONE RACER? >> THE EASIEST WAY TO LEARN HOW TO FLY ONE OF THESE DROUGHNS IS THROUGH DRROUGH DRONUGH DRONESH DRONES ISTHROUGH A SIMULATE R A SIMMER — SIMULATOR

ONCE YOU DEVELOPED THE SKILLS, CAN YOU GO OUT AND GET A MORE INTRODUCTORY RACING DRONE AND FLY THEM FOR REAL >> MARIA: CAN I SEE IT? >> ABSOLUTELY >> MARIA: THIS DOESN'T HAVE A CAMERA ON IT, DOES IT? >> NO IT DOES NOT >> HOW DO I GET THAT DRONE TO RACE? >> IF YOU EARN YOUR WAY INTO THE DRL, WE GIVE YOU THESE DRONES WE PROVIDE A FLEET OF IDENTICAL TUNED DRONES

>> IF THEY WRECK IT, WHO PAYS FOR IT? >> WE DO THAT'S PART OF THE SPORT WE LIKE TO SAY IF TO THE PILOTS, IF THEY'RE NOT CRASHING, THEY'RE NOT RACING FAST ENOUGH >> YOU LIKE THIS BETTER THAN CRAWLING THROUGH THE MUDDERS >> THIS IS THE MOST FUN I'VE EVER HAD IN A JOB

I WAS HERE WITH YOU TWO, THREE YEARS AGO THEN IT WAS AN IDEA, LIKE WE'RE GOING TO START THIS RACING LEAGUE NOW, WE'RE BROADCASTING OVER 7 A 5 COUNTRIES, 5 — 75 COUNTRIES, WE HAVE 55 MILLION PEOPLE THAT WATCH US TV WE HAVE BRAND NAME SPONSORS >> MARIA: THE ADVERTISERS LEND CREDENCE TO THE SPORT >> WE TALKED ABOUT BUILDING THE SPORT OF THE FUTURE

NOW WE'RE DOING IT AND IT'S EXCITING THE BEST PART FOR ME IS WHEN I GET TO SEE SOMEONE WATCHING A