Hong Kong - TVB Network Vision has informed the Hong Kong government and the HK Communications Authority of its decision to surrender their Domestic pay-TV Programme Service Licence. The decision came after years of losses. According to TVBNV, the pay-TV service has been operating in the red since it’s launched in 2004, and losses have accumulated to more than $2.2 billion over the years. A TVBNV spokesperson quoted rampant online piracy, proliferation of OTT services and the downturn … [Read more...] about TVB returns pay-TV license due to $2.2bn losses