ARE Arena Events Group Plc

RNS Number:4237S
Arena Leisure PLC
12 October 2000

Arena Leisure Plc ("Arena")


Arena Leisure signs exclusive agreement with BSkyB and Channel 4


Arena announces that on 11 October 2000, it signed agreements with British Sky
Broadcasting Limited ("BSkyB") and Channel Four Television Corporation
("Channel 4") in which the parties have agreed to form a joint venture in
order to make an offer to the UK's 59 racecourses for a worldwide exclusive
licence to their media rights. Arena's existing bid for the rights, made on 21
September 2000, lapsed at midnight on 10 October 2000.


Under the terms of the agreement, Arena, BSkyB and Channel 4 will establish a
jointly owned company ("NewCo") which will make a new revised bid for all the
media rights of UK horseracing, excluding the right to broadcast pictures of
UK racing into UK licensed betting offices.


NewCo will make its offer to the 59 UK racecourses within the next fortnight.


Commenting on the agreement, Ian Penrose of Arena Leisure said:


"Our partnership with Channel 4 and BSkyB combines all the necessary
broadcasting, technology, interactive gaming and racing experience, expertise
and contacts to develop UK racing as a truly global media and gaming product.
We are confident that the UK racecourses will appreciate this partnership is
best placed to maximise enhanced revenue streams to racing."


Enquiries:

Holborn Public Relations
David Bick                                    Tel: 020 7929 5599

Arena Leisure Plc
Ian Penrose                                   Tel: 020 7495 2277

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