Daniel Ricciardo may be struggling this F1 season, but his latest career move shows his life away from the track is going gangbusters.

Daniel Ricciardo’s next career move has been revealed, with the F1 driver set to enter the world of television.

According to the Hollywood Reporter, Ricciardo has teamed up with streaming giant Hulu to produce a 30-minute scripted TV series based on Formula One.

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Production companies ABC Signature, Temple Hill and Lionsgate are also said to be involved in the project.

Ricciardo, who shared news of the announcement on Instagram this week, will be an executive producer on the series.

The show doesn’t have a title yet and its exact content has not yet been revealed, while a search is underway for writers.

The announcement comes hot on the heels of the success of Netflix’s Drive to Survive, of which Ricciardo was a breakout star.

It’s not the Australian’s only venture away from the track.

He is an ambassador for Optus, has collaborated with South Australian vineyard St Hugo to produce several wines and earlier this year released a limited edition decanter in the shape of his racing boot — fit for his trademark shoey.

The news comes amid a flurry of racing-themed projects in the TV and movie industry as streaming services look to capitalise on F1’s growing global popularity.

Apple TV recently bought the rights to an F1-themed feature film starring Brad Pitt as a racer who comes out of retirement to mentor a youngster and take a final stab at glory as the younger driver’s teammate.

Seven-time world champion Lewis Hamilton is producing the film, which will be directed by Joseph Kosinki, who directed Top Gun: Maverick.

Additionally, Netflix recently produced The Crew, a comedy about a NASCAR team, but it was cancelled after one season.

Earlier this month, Ricciardo said while he was still intensely competitive on the track, he didn’t want to be defined by his results in F1.

“(Having) a bad race is unfortunately too common in this sport, so I don’t want that to dictate the way I feel the week after,” he said.

“I’ve been exposed to this already last year.

“I removed myself from it last year and that then started to affect my friendships at times.”

Ricciardo is currently 13th in the drivers’ championship after nine races this year.

The F1 season continues at the British Grand Prix on Monday at 12am (AEST).

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