TVG Network reported that revenues for the quarter ending June 30 totaled $3.9 million, an increase of 82.7% over the same period one year ago. For the first six months of this year, revenues rose 91.4% from the year-earlier period to total $5.8 million.
A lawsuit against TV Games Network was filed in U.S. District Court in Baltimore by the Maryland Jockey Club for the network's inability to maintain a three-month average of $230 million in gross handle, which the suit claims is part of the contract between the two entities.
By Ray Paulick -- It's almost August and the racing season is in full swing as major horses prep for this fall's Breeders' Cup World Thoroughbred Championships. Thanks to TVG, you can see it all from your living room.
Henry Yuen, the former chairman and CEO of Gemstar-TV Guide International, parent company of the Television Games Network (TVG), has been charged in a civil lawsuit by the Securities and Exchange Commission with securities fraud, lying to auditors, and falsifying the company's books.
"The Works," will once again highlight the TVG pre-race coverage of the Kentucky Derby and Kentucky Oaks, both grade I. The series of eight half-hour shows will air at 11:30 a.m. (EST) beginning April 24 and continuing through May 1. The shows will be replayed each evening and prior to the following morning's telecasts.
In a deal announced April 9, Rupert Murdoch's News Corp., part owner of TV Games Network parent Gemstar-TV Guide, would acquire General Motors' stake in Hughes Electronics and another piece of Hughes from public shareholders.
Gemstar-TV Guide International reported a net loss of $6.23 billion, mainly from write-downs for goodwill, for fiscal year 2002. Meanwhile, the company's interactive platform sector, which includes the TV Games Network, posted revenue gains.
After a substantial absence, TVG is back in the feature-story business. On Sunday, Feb. 16, the network will air the first installment of a two-part series titled "In Training: The Sales," which will conclude the following evening. Airtime both nights is 8-8:30 p.m. ET.
The most memorable moments and individuals of the 2002 racing season, as selected by TVG viewers, will be announced when the third annual TVG Viewers' Choice Awards is broadcast Feb. 17 on a live 90-minute program from 8:30-10 p.m. (ET).
The Hong Kong International races on Sunday will be shown on TVG beginning at 2 a.m. (ET). The special 2 1/2 hour telecast will include live coverage the group I Hong Kong Cup, group I Hong Kong Vase, and group I Hong Kong Mile, and tape delayed coverage of the group II Hong Kong Sprint. All races are on turf.
Viewers of the Television Games Network (TVG) can expect a real horseracing feast this Thanksgiving Holiday weekend as the network will present nine graded stakes races from the West to East Coast. Included are three grade I races, three grade II events and three grade III features, with live racing action from Hollywood Park, Churchill Downs, and Aqueduct.
Tom Amoss is pulling double duty these days at Arlington Park. He trains Bessemer Trust Breeders' Cup Juvenile contender Lone Star Sky, and he serves as an analyst on the "The Works," the popular daily program on the TV Games Network.
TVG announced Oct. 17 that its popular program, "The Works," sponsored by the NTRA and Breeders' Cup, will kick off the network's coverage of the 2002 Breeders' Cup World Thoroughbred Championships tomorrow with the first of seven, one-hour shows airing from 11 a.m.-noon (EDT) through Thursday, Oct. 24.
Henry Yuen has resigned as chief executive officer of Gemstar-TV Guide International and will be replaced by Jeff Shell, the company announced Oct. 8. Gemstar-TV Guide is the parent company of the TV Games Network.
To offer in-depth, post-race coverage of the large number of Breeders' Cup prep races on tap this week, TVG's weekly magazine show, "The Finish Line," will expand from one to two hours this Sunday (October 6), and will air in a new time slot, beginning at 8:00 p.m. ET, the network announced.
TVG will present exclusive live coverage of Sunday's €1.6 million Prix de l'Arc de Triomphe (Fr. I) from Longchamp Racecourse outside of Paris during a special three-hour program airing from 9 a.m.-Noon EDT. Post time for the Arc, a 1 1/2-mile race for horses 3-and-up, is 11:30 a.m. ET.
TVG will offer live coverage of the Keeneland September yearling sale next Monday through Wednesday (Sept. 9-11). Reports from the Keeneland sale pavilion will start each day at 1 p.m. (ET). A 30-minute recap show of the sales' first three days will air on Wednesday at 10 p.m. with a repeat showing on Thursday at 11:30 a.m.