▁One ▁is ▁a ▁series ▁of ▁computer ▁and ▁video ▁games ▁originally ▁created ▁by ▁Ps yg nos is , ▁who ▁were ▁eventually ▁renamed ▁to ▁Studio ▁Liverpool . ▁It ▁takes ▁its ▁name ▁from ▁the ▁popular ▁car ▁racing ▁series ▁of ▁the ▁same ▁name . ▁Since ▁ 2 0 0 1 , ▁the ▁Formula ▁One ▁series ▁had ▁been ▁made ▁by ▁S CE ▁Studio ▁Liverpool ▁( an ▁internal ▁Sony ▁Computer ▁Entertainment ▁Europe ▁game ▁studio ) ▁formed ▁from ▁the ▁rest ruct uring ▁of ▁several ▁stud ios ▁including ▁Ps yg nos is , ▁which ▁soon ▁followed ▁with ▁the ▁obtain ing ▁of ▁an ▁exclusive ▁FO A ▁Official ▁Lic ence , ▁which ▁bar red ▁any ▁other ▁company ▁to ▁produce ▁a ▁Formula ▁One ▁game ▁for ▁any ▁other ▁platform ▁for ▁ 5 ▁years . ▁Sony ▁used ▁this ▁exclusive ▁lic ence ▁to ▁make ▁Formula ▁One ▁games ▁from ▁ 2 0 0 3 ▁until ▁ 2 0 0 7 , ▁re le asing ▁a ▁new ▁title ▁every ▁year ▁which ▁included ▁improvements ▁to ▁the ▁graphics ▁engine ▁as ▁well ▁as ▁an ▁updated ▁and ▁complete ▁F 1 ▁grid ▁showing ▁the ▁latest ▁li ver ies , ▁ch ass is ▁and ▁drivers . ▁The ▁series ▁covered ▁every ▁year ▁from ▁ 1 9 9 5 ▁to ▁ 2 0 0 6 , ▁with ▁the ▁exception ▁of ▁the ▁ 1 9 9 6 ▁season . ▁In ▁February ▁ 2 0 0 7 , ▁it ▁was ▁announced ▁that ▁Sony ▁had ▁lost ▁the ▁license ▁to ▁produce ▁Formula ▁One ▁video ▁games , ▁meaning ▁Formula ▁One ▁Championship ▁Edition , ▁released ▁at ▁the ▁very ▁end ▁of ▁the ▁previous ▁year