The Nine Network will broadcast the Melbourne Cup Carnival for the next six years, after confirmation of a long-anticipated deal with Tabcorp and the Victoria Racing Club which still leaves several key details yet to be resolved.
The deal, which will run from 2024 until 2029, is reportedly about $20 million short of the $100 million secured for the previous five-year deal with Network Ten, but due to the engagement with Tabcorp as part of the process, is likely to be better in pure terms for the VRC.
However, the VRC will bear costs and responsibilities for the production of the four-day broadcast through its VRC Media arm in a change from the previous arrangement where production was facilitated through a third party.
The Victorian racing industry already has a broadcaster with such capabilities, Racing.com, but the VRC has opted to go it alone on its approach.
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