Television

MBPL moves court to prevent stringent govt. action

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/03/16/fm%20radio.jpg?itok=MnTJGvma

Zee, DTH licence, ASC Enterprises, Subhash Chandra, Siti Cable, Space TV, Dish TVNEW DELHI: Even as Music Broadcast Pvt. Ltd. (MBPL) moved the courts today as a pre-emptive measure against the Indian government taking any stringent action against it on Radio City, the Indian government said that it has received a lengthy reply on the FM radio channel and would study it in "due course."

The same way as Star News had gone to a Mumbai court seeking protection against any disruption of uplinking procedures, PK Mittal's MBPL has sought legal protection from a Mumbai court against government encashing its bank guarantees --- totalling over Rs 400 million in the third year of operation --- without giving it time to explain things.

MBPL is the licence holder for operating private FM radio stations in various cities and has a marketing and content supply agreement with DigiWave, said to a subsidiary of Star India Pvt. Ltd.

However, government officials pointed out that MBPL's request for a meeting before a final decision is taken on the matter would be acceded to.

In its latest reply to the information and broadcasting (I&B) ministry queries on MBPL being just a proxy company for DigiWave, the Mittal company has said that it doesn't have access to statutory information or authority on DigiWave.

The Mittal company has also stated that "adverse report" on MBPL and Radio City is impacting the company's revenues and the moral of the employees.

When contacted by indiantelevision.com a senior executive of DigiWave-MBPL combine said, "The government's queries are fine, but what is affecting us is the trial by the media as it's affecting moral of the employees that is really down."

On a query on MBPL being a proxy company for Star, the former has said that such "outsourcing" is a normal practice globally.

On another query raised by the government on the debt equity ratio being skewed and too high, MBPL, while denying this, has explained that such things are "common practice in greenfield ventures." The government had pointed out that the debt equity ratio of MBPL is 5800:1.

A senior government official today said that the I&B ministry would take some days to take a view on the replies furnished by MBPL.

The information & broadcasting ministry on 12 August had asked MBPL to explain its relationship with the Star India subsidiary DigiWave and how and why the relationship should not be deemed to be flouting the foreign equity restrictions in the FM radio sector.

As per current records, content, ad sales and marketing support for Radio City is Star India's responsibility. The PK Mittal-promoted MBPL is the licence holder while the operational part is with Digiwave, a 50:50 JV between Star and the Ispat group.

According to the Reserve Bank of India (RBI) guidelines only portfolio investments by foreign institutional investors (FIIs) are allowed in the FM radio sector.

The government had further stated that as per Clause 13 of the FM radio licence agreement, a licencee (MBPL) cannot transfer the licence and is responsible for generating the content. If it comes to light that this is not happening the licensor (the government) has the right to cancel the licence.

The government missive to Star also points out that the paid up capital of MBPL being very low, it is rather curious how the operational costs of running an FM channel the size of Radio City is being managed.

The government has also said that since Digiwave has given a loan of Rs 580 million to MBPL, it appears that DigiWave is the company that is solely responsible for running Radio City.

In the light of all this MBPL had been asked to furnish details on which an opinion would be sought from the law ministry and the Department of Company Affairs (DCA) to examine whether the guidelines are being contravened or not.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/12/nushka.jpg?itok=u1AhchW9
Anushka Sharma joins hands with Discovery to promote Tiger Conservation Movement

Leading Bollywood actress Anushka Sharma has joined hands with to promote a global awareness movement to save tigers from extinction.

Television TV Channels Factual @ Discovery
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/12/Untitled-1.jpg?itok=5g9OEhsK
Shemaroo Entertainment brings back the Golden Era of Nimmiji

Shemaroo Entertainment’s retro music channel Filmi Gaane launched a compilation of 35 songs of 1950’s veteran actress Nimmi by the name “SUPERHITS OF NIMMI - The Vintage Beauty”.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/12/star.jpg?itok=C67XVMCc
Star India publishes RIO as per TRAI tariff order

After Supreme Court of India gave the verdict in favour of Telecom Regulatory authority of India (TRAI) in the tariff order case.

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/12/cnbc.jpg?itok=L4vaERIT
CNBCTV18.com and CNBC-TV18 break new ground with launch of educational web series — Mutual Funds Simplified

CNBCTV18.com, the premium financial news digital platform, and CNBC-TV18, India’s No. 1 business new channel, will launch a new digital series named “Mutual Funds Simplified” on November 13, 2018.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/12/randeep.jpg?itok=svE3wkIb
Network18 Digital elevates Ranadeep Chakravarty as marketing head

Network18 Digital, the digital arm of Network18, announced the elevation of Ranadeep Chakravarty to marketing head of Firstpost, News18 and in.com.

Television TV Channels People
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/12/Michael-Ivanchenko.jpg?itok=PB2Pd0Nr
TiVo Renews Personalized Content Discovery Platform Agreement with Foxtel

SINGAPORE: TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience insights, today announced that Foxtel, Australia’s leading subscription-TV platform, has renewed its license to TiVo’s Search and Recommendation services and will have access to TiVo’s Personalized...

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/12/amazon.jpg?itok=cqJvZFBl
Regional becoming the focus for festive advertising

The last quarter of the year is the best season for everyone. The festive rush not only excites consumers but even brands and advertisers. Television viewership increases and the overall growth in advertising also witnesses an uptake during the festive season.

Television TV Channels Regional
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/12/Yan-Liu.jpg?itok=BIWYDZCw
TVision technology will complement BARC India’s data: Yan Liu

Star TV has partnered with TVision, a company which measure actual eyes on screen attention providing advertisers, agencies and television networks with the second-by-second data required to understand the effectiveness of television advertising and programming.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/10/alipay.jpg?itok=8rWE9ncF
Alipay signs 8-year deal with UEFA

Chinese payment platform giant Alipay has become the official global payment partner of UEFA for the next eight years.

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories