 Prior to the launch of TVN, Sky Channel purchased the rights to broadcast race meetings from almost all racing clubs across the country and then resold the rights to pubs and clubs, back to the racing venues and also to DTH subscribers.TVN was formed after TabCorp, the owner of Sky Racing, pulled out of plans it was developing with Racing Victoria Limited in February 2005 to launch a dedicated thoroughbred racing channel apart from Sky Channel's other broadcasts, which included harness racing and greyhound racing, with Sky Channel chief executive Peter Caillard stating that "the fledgling TVN model is a risky proposition to all the racing codes and is not in a position to showcase thoroughbred racing to its full potential".Victorian racing clubs planned to continue launching the service and won the support of the Australian Jockey Club and Sydney Turf Club when they announced their intention not to re-sign with Sky Channel when their contracts came up for renewal in March 2005.