TARBS World TV

Last updated

TARBS World TV
Private
IndustrySatellite television
Founded1995
Defunct7 July 2004
Headquarters
Pyrmont
,
Australia
Area served
Australia
Products Direct broadcast satellite, pay television, pay-per-view
OwnerTelevision And Radio Services Pty Ltd
Website www.tarbs.com

Television And Radio Broadcasting System more commonly known as 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.

In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet financial obligations or enters bankruptcy. The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property. Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights.

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TARBS in Receivership

In July 2004, PanAmSat a major creditor of TARBS applied to have the organisation placed into receivership due to a failure to pay their satellite transponder lease payments.

The former PanAmSat Corporation founded in 1984 by Reynold (Rene) 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 telecommunication companies. Anselmo got the idea for PanAmSat from Norm Leventhal, a communications lawyer in Washington, D.C., to whom he had turned to for advice regarding difficulties he was encountering in getting reasonably priced satellite transmission for his Spanish International Network (SIN), the current-day Univision. Anselmo financed the entire project himself and Leventhal's law firm, hiring Martin Rothblatt for special satellite technical advice, filed for approval from the Federal Communications Commission and lining up an initial satellite from RCA Astro-Electronics and a heavily discounted launch from Arianespace.

This action was while PanAmSat was briefly controlled by News Corporation, which was a major investor in TARBS' main competitor Foxtel.

News Corporation (1980–2013) Media corporation

The original incarnation of News Corporation was an American multinational mass media corporation operated and owned by media mogul, Rupert Murdoch, headquartered in New York City. Prior to its split in 2013, it was the world's fourth-largest media group in terms of revenue, and News Corporation had become a media powerhouse since its inception, almost dominating the news, television, film and print industries.

Foxtel Australian pay television company

Foxtel Management Pty Limited is an Australian pay television company, operating in cable television, direct broadcast satellite television, and IPTV streaming services. It was formed in 1995 through a joint venture established between News Corporation and Telstra, with News Corp being the 65% and Telstra the 35% shareholders respectively. It shares many features with the Sky service in the United Kingdom, including iQ, the electronic program guide, a similar remote control, and Red Button Active.

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.

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