October 13, 2010

RaceFansTV

I was delightfully emailed by Doug Pierce of RaceFansTV.Below is a summary I wanted Doug to answer so viewers can understand what their website is about. I wanted to share with the rest of you guys an on demand type of thing for automtive enthusiast. Now we can all enjoy watching vintage racing videos in high quality as well as current races. I know many of you will enjoy this website they know have 1,000 racing videos.The link can be found http://racefanstv.com/


RaceFansTV.com was launched in late May 2010 after 6 months of development by a team of motorsport enthusiasts and technology professionals.  The company was founded by Chuck Ehredt, an American living in Barcelona, Spain – but his team includes a large number of high-profile individuals and companies working from multiple countries that each bring strategic value to the initiative.

The idea for RaceFansTV germinated in 2009 when Chuck Ehredt realized that many race series had accumulated a great deal of historical racing videos that would have been on TV at one time or another, but in recent years had been collecting dust in various archives.  He also knew that motorsport enthusiasts are happy to watch racing all week long and not just when the big F1, MotoGP, or NASCAR race is live on Sundays.  Unfortunately these enthusiasts had very little access to television programming that included much racing during the week and no access to historical races (which often times are more interesting than current races because of the people involved, the cars, or the safety standards of the day).  

With that observation in mind, he started to develop a business plan to create a company that would license historical racing video programs from content owners and share revenues with them, while creating a website that could be the destination on the Internet for motorsports enthusiasts who wanted to watch such programming while participating in a community, reviewing the latest news, and helping keep a wiki of historical racing information up-to-date.  The team also felt that if they could attract a large audience of motorsport enthusiasts, they would also be able to fund the operations via advertising – since over $2 billion is spent each year on sponsorships and related advertising.

RaceFansTV currently has 11 active channels including channels dedicated to Sports Car, Touring Car, Rally & Off-Road, Stock Car, Racing Documentaries, Powerboat, Open Wheel, Drag Racing, Sprint Car Racing, and several others.  This allows enthusiasts to watch races of greatest interest to them at any time of the day, 7 days per week.  Each channel streams full racing programs 24 hours per day just like a TV channel.  However, with the flexibility of the Internet, visitors can restart a video that has already begun, or come back later to watch the end of a program if they get interrupted.

RaceFansTV offers all of its content to visitors and members for free.  However, people can subscribe for about $5 per month in order to watch the videos in high quality, watch videos when it is more convenient to them, watch videos in full-screen, and enjoy videos with less advertising.  By November 2010, Subscribers will be able to watch RaceFansTV videos on their hand-held devices and wide screen TVs.

The team at RaceFansTV believes that the volume of videos (mostly clips) on the Internet is already overwhelming for consumers to find things of interest – and getting worse every day.  For this reason, RaceFansTV is positioning itself as the primary ´go-to´ destination for consumers to find great motorsport content, rather than have to weed through thousands of websites to find bits and pieces of interesting content among a bunch of low interest information.  With this goal in mind, RaceFansTV expects to start broadcasting some races live, and work more closely with the most popular racing series to help them gain exposure for their events and simplify the lives of their fans by providing all their video content in one place.

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