Television And Radio Broadcasting System more commonly known as TARBS World TV was an Australian
subscription
The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product or service. The model was pioneered by publishers of books and periodicals in the 17th century. It ...
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" – especia ...
.
TARBS in receivership
In July 2004,
PanAmSat
PanAmSat Corporation was a satellite service provider headquartered in Greenwich, Connecticut, United States. Founded in 1984 by Reynold "Rene" Anselmo, it operated a fleet of communications satellites used by the entertainment industry, news a ...
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
The original incarnation of News Corporation (abbreviated News Corp. and also variously known as News Corporation Limited) was an American Multinational corporation, multinational mass media corporation founded and controlled by media mogul Ru ...
, which was a major investor in TARBS' main competitor
Foxtel
NXE Australia Pty Ltd, trading as the Foxtel Group, is an Australian pay television company that operates cable television, direct-broadcast satellite, direct broadcast satellite television, and IPTV streaming services. It was formed in April ...
.
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.
See also
*
Subscription television in Australia
Subscription television in Australia is provided using technologies such as cable television, satellite television and internet television by a number of companies unified in their provision of a subscription television service. Notable actors ...
References
External links
Mass media companies established in 1995
Mass media companies disestablished in 2004
Australian companies established in 1995
Australian companies disestablished in 2004
Companies based in Sydney
Australian subscription television services
Defunct broadcasting companies of Australia
{{Australia-tv-stub