ATR to retain Irish racing rights until
2017
At The Races today announced that, along
with partner SIS, the Company has agreed terms for a new media rights deal with
Horse Racing Ireland and the Association of Irish Racecourses that will cover
the period from January 2014 to December 2016.
Under the terms of the new agreement ATR
will have exclusive, cross platform, non-LBO media rights worldwide to all
Irish fixtures. SIS retains all domestic and international betting shop rights
under the terms of its current contract with HRI.
The new agreement includes significantly
improved terms across multiple media rights revenue lines. At The Races
forecasts that its returns to Irish racecourses will more than double in 2014
versus the returns it generates in 2013 for current rights holder SIS. Further
growth is anticipated through the term of the agreement from both domestic and
international services, particularly via online and new media channels.
As part of the new partnership, ATR has
offered HRI/AIR the opportunity to take up a seat on its board. All parties
view this as a significant and important new development that will help further
the effort to coordinate and align strategies and keep the Irish racing
industry integrally involved in the management and direction of its rights
exploitation.
Matthew Imi, Chief Executive, At The
Races, said:
"We are delighted that our
relationship with Horse Racing Ireland, the Association of Irish Racecourses
and all twenty six tracks will be continuing next year and beyond.
"Irish racing forms a significant
part of our business and since 2004 an important partnership has formed to
which we, our shareholders and UK racecourse partners attach considerable
value.
"Individually, each of the Irish
racecourses has its own characteristics and requirements from us as their media
partner and we work very hard to ensure that our business objectives are firmly
aligned with theirs.
"Collectively, the racecourses offer
a consistent and high quality schedule of Flat and Jump racing across the year
which our domestic and international audiences and commercial partners find
increasingly attractive.
"HRI and AIR made it very clear that
not only did they feel ATR had done a great job monetising their rights across
our current distribution platforms but that they were also excited about the
long term potential of the business and we look forward to welcoming their
representative onto the ATR Board as we start to roll out our growth
strategy."
Paddy Walsh, Chief Executive, Association
of Irish Racecourses, said:
"I am very pleased that the AIR, on
behalf of all our racecourses, has now agreed terms with ATR/SIS in relation to
the sale of the non-LBO rights that we recently offered to the market.
"This new deal extends our long
standing arrangements with both At The Races and SIS and I look forward to all
parties benefiting from the partnership approach that we have always adopted in
the past."
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