TARBS World TV
Encyclopedia
TARBS World TV was an Australian Subscription Television
Service, broadcasting predominantly ethnic (and mainly non-English) stations into Australia. TARBS commenced operations in 1995 and had around 57,000 subscribers until July 2004 when the company went into receivership
.
a major creditor of TARBS applied to have the organisation placed into receivership due to a failure to pay their satellite transponder lease payments.
This action was while PanAmSat was briefly controlled by News Corporation
, which was a major investor in TARBS' main competitor Foxtel
.
PanAmSat purchased a large number of the assets including the customers Set Top Boxes from the receiver (PriceWaterhouseCoopers) in 2005 and authorised a competing subscription television provider to access and use the boxes already installed in ex-customers homes.
Television
Television is a telecommunication medium for transmitting and receiving moving images that can be monochrome or colored, with accompanying sound...
Service, broadcasting predominantly ethnic (and mainly non-English) stations into Australia. TARBS commenced operations in 1995 and had around 57,000 subscribers until July 2004 when the company went into receivership
Receivership
In law, receivership is the situation in which an institution or enterprise is being held by a receiver, a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights." The receivership remedy is an equitable remedy that emerged in...
.
TARBS in Receivership
In July 2004, PanAmSatPanAmSat
The former PanAmSat Corporation founded in 1984 by Reynold Anselmo, was a satellite service provider headquartered in Greenwich, Connecticut. It operated a fleet of communications satellites used by the entertainment industry, news agencies, internet service providers, government agencies, and...
a major creditor of TARBS applied to have the organisation placed into receivership due to a failure to pay their satellite transponder lease payments.
This action was while PanAmSat was briefly controlled by News Corporation
News Corporation
News Corporation or News Corp. is an American multinational media conglomerate. It is the world's second-largest media conglomerate as of 2011 in terms of revenue, and the world's third largest in entertainment as of 2009, although the BBC remains the world's largest broadcaster...
, which was a major investor in TARBS' main competitor Foxtel
Foxtel
Foxtel is an Australian pay television company, operating cable, direct broadcast satellite television and IPTV services. It was formed in 1995 through a joint venture established between Telstra and News Corporation....
.
PanAmSat purchased a large number of the assets including the customers Set Top Boxes from the receiver (PriceWaterhouseCoopers) in 2005 and authorised a competing subscription television provider to access and use the boxes already installed in ex-customers homes.