Media rights call not about cash   Leave a comment

Media rights call not about cash

Plenty at stake: A massive crowd gathers on Melbourne Cup Day at Flemington. Picture: Get

Plenty at stake: A massive crowd gathers on Melbourne Cup Day at Flemington. Picture: Getty Images Source: Supplied

NEW Racing Victoria chairman David Moodie on Monday declared broadcast rights was the “groundbreaking” issue that would define the industry’s next 20 years.

The peak body is wrestling with a full return to the TAB-owned Sky Channel or a switch to free-to-air broadcasting with the Seven Network.

David Moodie after being appointed RVL’s new chairman last week. Picture: David Crosling

David Moodie after being appointed RVL’s new chairman last week. Picture: David Crosling Source: News Corp Australia

Moodie said the structure of the RVL board, put on the agenda by Racing Minister Martin Pakula, was another important issue.

But media rights were vital to RVL’s future and “a very big decision”.

“We are talking here about the next 10-20 years of where the industry is heading,’’ Moodie said.

“It is not about the dollar. Both offers are fairly well set.

“There is a gap between what the industry would ­receive from Tabcorp (reported to be $30 million a year) and what the industry would need to put in for coverage on Seven.

“It is a bird in the hand ­versus a grand concept.

“We have the chance to do something groundbreaking and get it right.”

Moodie said a hook-up with Seven, which would run Victorian racing 363 days of the year on one of its digital channels, would have no effect on RVL’s wagering relationship with Tabcorp.

“I am a supporter of Tabcorp, which provides $340 million annually to the Victorian industry through the wagering joint venture. But the media rights are a totally different issue,” he said on RSN.

Moodie said Tabcorp had produced a revised deal ­(believed to be on Friday), but he was not sure it would be “a deal-breaker”.

Moodie said after talks with Pakula it was clear RVL’s governance structure “needs to be reviewed and changed”.

He said the composition of the board, with 14 stakeholders involving owners, breeders, even union officials, was from 2007 and “needed modernising”.

He admitted racing had been “riddled with self-interest” for a long time.

“I think certain high-profile governance people that have had the roles in racing over the years have coveted the role, have probably taken certain advantages of the role, not wanted to give the role up and have been there for their own edification,”Moodie said.

“I can tell you it ain’t me. I put myself last. If there is any question of conflict of interest, I will be so far down the queue that you will not see me.”

rod.nicholson@news.com.au

David Moodie (left) with chief executive Bernard Saundry outside the Racing Victoria offi

David Moodie (left) with chief executive Bernard Saundry outside the Racing Victoria offices. Picture: David CroslingSource: News Corp Australia

Rights and wrongs

Racing Victoria’s broadcast poser

SKY DEAL

– Pay TV

– $30 million a year for exclusive broadcast rights

Pros

– Guaranteed money for 10 years

– Strengthen relationship with joint-venture wagering partner

Cons

– Loss of corporate bookmaker broadcast income

– Tabcorp retains international rights

– Portion of racing program for Victoria is in hands of Sky

SEVEN DEAL

– Free-to-air

– Cost about $10 million to establish in first year, offset with advertising revenue from corporate bookies and industry shareholders

Pros

– Control of what, when and how Victorian racing is showcased

– Return of mounting yard interviews, previews and reviews with jockeys, trainers and owners

– Corporate bookmaker broadcasts on digital platforms included

– Control of international rights

Cons

– Initial cost

David Moodie says a hook-up with Seven, which would run Victorian racing 363 days of the

David Moodie says a hook-up with Seven, which would run Victorian racing 363 days of the year on one of its digital channels, would have no effect on RVL’s wagering relationship with Tabcorp. Picture: Getty Images Source: Supplied

Originally published as Media rights call not about cash

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Posted May 20, 2015 by belesprit09 in Uncategorized

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