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TVN & Sky "Close To Striking Deal"

Tuesday, 10th November 2009

In Australia, racing’s television war “may be coming to an end” reported The Daily Telegraph. The newspaper noted: “For the first time since TVN & Sky Channel became entrenched in hostilities when the industry-owned channel was first launched in May 2005, there is a genuine vibe that a resolution can be achieved. And, sooner rather than later. If the talks, embraced by all parties, continue along their current harmonious pace, an agreement could be struck before Christmas.” TVN (owned by the 3 metropolitan Melbourne clubs, Country Racing Victoria, the Sydney Turf Club & the Australian Jockey Club) & Sky Channel (owned by Tabcorp) have been involved in what both parties describe as “positive discussions”. Sky Channel chief executive Brendan Parnell confirmed: “We're exploring long-term vision arrangements with TVN, we're going in with an open mind.” And TVN chief executive Peter Sweeney said there had been “on-going discussions on a variety of matters”. The newspaper added “there is unanimous support among all the race clubs & CRV for supporting a settlement, which would still see the racing industry retain ownership, albeit by a small percentage. Ownership of racing's intellectual properties was at the heart of the clubs' initial aim to set-up TVN.”

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