ZDF Attracts Millions To Biathlon Races ARD, ZDF Pay $488M For World Cup Rights Ulster To Host Pro12 Grand Final ICC World Cup To Air In Six Languages ATV Could Lose Broadcast Rights Tests, One-Day Internationals Beat BBL Jamie Murray Rips Lack Of Funding ManU Signs Swissquote As Forex Sponsor Ashley, Rangers Hearing Postponed Close To 300K Watch Handball On Sky
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/April 22, 2013/Media
U.K. Racecourses In Line For Windfall After TV Gamble Pays Off Big
Published April 22, 2013
Leading racecourses "are set for huge windfalls after two big bets on the televised popularity of the sport came in," according to Robert Lea of the LONDON TIMES. Their winner is Racecourse Media Group, the company set up by 34 courses -- including the big ones -- "to manage and sell their televised rights." Its main operations are Turf TV, a provider of live feeds to more than 10,000 bookies' shops co-owned with Bahamas-based billionaire Joe Lewis; Racing UK, a pay-TV channel that costs subscribers £20.80 ($31.68) a month; "and the management of racing's decision to hand terrestrial coverage to Channel 4." According to "RMG's annual figures, circulated to its racecourse shareholders this week," a record £46M was paid by it to the course owners in '12 -- but that is going to soar this year to £64M ($97M). RMG courses "are the big winners from the Channel 4 contract:" RMG figures show annual income to the courses will rise from £700,000 under the previous BBC/Channel 4 regime to £5M ($7M) in '13 (LONDON TIMES, 4/18).