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ATC "In No Hurry" To End Sky Channel-TVN Dispute

Wednesday, 27th July 2011

Australian Turf Club chairman John Cornish is “in no hurry to sign a deal to settle the broadcast rights dispute flaring again between rivals Sky Channel & TVN” reported The Courier-Mail. Following the merger of the Australian Jockey Club & Sydney Turf Club, the new ATC “is now a 50% owner of TVN” & Cornish “insists he wants to watch how broadcast technology progresses & also monitor the development of closer racing ties to the Asia-Pacific region before his club commits to a strategic move”. Cornish is “particularly interested in the possibilities of closer ties to Asia by a pooling of all the Australian totes” & noted: “That should be a priority for racing. If we can make our tote pools considerably bulkier, then we are going to engage with the bigger punters & open up a whole range of opportunities in Asia. If the provinces in China embrace racing, as I believe they will, the additional betting turnover into our national pool could be huge. Also, technology is changing so rapidly we don't know for sure where the racing product will be broadcast in 2-3 years. Broadband could have a big role in racing. These are things we need to get a better handle on, before we have to sit at the table & play hard ball with Sky Channel. I think we have to hasten slowly. What's the hurry?”

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