Jakarta – Following the September-made decision not to renew its contract with PT Direct Vision, Malaysia’s Astro All Asia Networks Plc has withdrawn its programming from the Indonesian pay-TV operator. This brings to a close the grace periods extended by Astro. Direct Vision’s 98,000 subscribers were informed on-screen the night of Sunday 19 October 2008; company plans to offer refunds to some 36,000 subscribers who had paid in advance for the service. Spokesman says the company hopes it will not have to lay off its 1,600 employees, but Direct Vision is awaiting further direction from shareholders over its continued operation. Astro did not renew its contract with Direct Vision over an unpaid bill for US$245 million, and October 6 saw Astro file a notice of arbitration with the Singapore International Arbitration Center for recovery of the money from other companies within the Lippo Group – which owns 49 percent of Direct Vision.
Ad – Before Content
Related Articles
- CBC launches new Spring/Summer 2024 podcast slate
- Mandarin Series BREEZE BY THE SEA, helmed by Peter Ho, starring Bolin Chen and Puff Kuo releases First Look
- Samsung TV Plus brings SURFER FAST Channel to surfing enthusiasts in Australia
- DDish TV LLC Chooses PlayBox Neo Channel-in-a-Box for Broadcast Network Expansion
- JioCinema set to redefine subscription market with launch of Premium Plans
- Telecom and pay-TV services revenue in Japan to increase at 2.1% CAGR over 2023-2028, forecasts GlobalData