Channel Launch
At the Races was originally a venture between BSkyB, Channel 4 and Arena Leisure who owned six racecourses at the time. In 2001, they agreed to pay £307 million for a 10 year deal to broadcast coverage from 49 of the 59 UK courses - the remaining 10 courses were contracted to The Racing Channel, which subsequently folded as a result of lost revenue in 2003.
By 2004, the deal was looking severely overpriced and At The Races served a 60-day termination notice on the Racecourse Association (RCA). Channel 4 exited the joint-venture and the courses were left to re-negotiate television deals. This led to a joint-venture from the courses themselves, 31 of which subsequently contract their coverage to Racing UK (which in turn sub-contracts terrestrial rights to Channel 4 and the BBC), which launched later in 2004.
At the Races virtually vanished from screens on 29 March 2004, but continued to broadcast a few meetings from the United States in the evenings and following the re-negotiation of contracts, the existing At the Races channel re-launched on 11 June 2004.
Read more about this topic: At The Races
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