Tabcorp Holdings Limited
(ASX:TAH) advises there has been an interim agreement made for NSW and Victoria thoroughbred vision to return to its subsidiary Sky Racing.
The horse races returned to live broadcast across Sky Racing’s home channels as well as licensed venues and TAB agencies across Australian from New Years Eve.
The race coverage was interrupted from 18th December after holders of the NSW and Victorian racing media rights, ThoroughVisioN, could not agree on a new long term deal. TVN shareholders in NSW and Victoria agreed to an amicable split of the broadcast and digital rights for each state.
The new interim agreement with Sky Racing will remain in place while Sky Racing negotiates a new longterm agreement with the respective rights holders.
Tabcorp Holdings made a net profit of $129.9 million for the 2014 financial year.
