- 10:42 PM Are stricter rules for MF advertisements on anvil?
- 10:31 PM NSE to launch new MF service system on Nov 30
- 10:16 PM India indispensable to America's future: Barack Ob...
- 10:00 PM Subir Gokarn’s agenda:Stimulus exit not to hit eco...
- 09:16 PM Worst over for India auto companies: Anand Mahindr...
- 08:52 PM Edelweiss, Tokio Marine ink insurance JV
- 08:42 PM Aviation biz to contribute 5% to rev in 3-5 years:...
- 08:24 PM Inflow of money will not help curb inflation: Bima...
- 07:17 PM MphasiS Q4 cons net profit up 33.9% at Rs 245 cr
- 06:59 PM Immediate supports for rupee at 46.20/46.10: Commt...



In disconnecting the Zee bouquet of channels to InCablenet subscribers in Mumbai, Zee Entertainment is wrongfully denying subscribers across the city of channels like Ten Sports, Zee Marathi, Zee Talkies, Zee TV, Cartoon Network, Pogo, HBO, Zee Cafe, Zee Studio and Zee Cinema among others.
While making false public allegations against InCablenet about the subscription fee owed by them to Zee Turner, Zee Entertainment has failed to mention the fact that it owes InCablenet a substantial amount in carriage fees is payable as per the contract, but are not prepared to clear.
The dispute between InCablenet and Zee Turner dates back to November 2007, when Zee Entertainment wrongfully and unreasonably demanded a sum of over Rs 4 crores towards alleged outstandings. Pending hearings, InCablenet paid Zee Turner a sum of Rs 3.66 crore. InCablenet also continues making monthly subscription payments to Zee Turner through the pendency of the litigation. The other bone of contention between both parties is a unreasonable demand b Zee to increase the subscriber numbers.
In a matter which is currently sub-judice, and where the court has given both parties two weeks time to file their responses, Zee Entertainment has wrongfully taken matters into their own hands and switched off the signals in Mumbai. It has also most improperly made false allegations against InCablenet in the media
An InCablenet spokesperson said, "Zee is blowing things out of proportion and by disconnecting the signals are causing severe inconvenience to the InCablenet subscribers in Mumbai. Our efforts to settle matters amicably with them are being met with refusal. Zee Entertainment's claim that InCablenet owes Zee Turner a subscription fee of Rs 11.16 crore is entirely baseless. Furthermore their contention that the carriage fee owed to InCablenet need not be adjusted against their subscription amount payable is unfounded. It is grossly unfair of them to claim subscription fees for the channels, and not pay carriage fees for the same channels. When the carriage fees are adjusted against the subscription fees, InCablenet owes Zee Network a sum total of Rs 25,434/-."
Sourced From: Clea Public Relations India Pvt Ltd
|
|
Business
Business News | Economy | Earnings | BSE NSE Notices
General News
Current Affairs | Politics | World News | Sports | Entertainment
Corporate Strategy
Management | Advertising | Marketing | Legal
Personal Finance
Tax | Insurance | Credit Cards | Loans | Property | Retirement | Investment Help | Financial Planning | Fixed Income
Markets
Local Market | Global Market | Market Cues | Analysis | Expert & FII outlook | Brokerage Recomendation
Stocks
Stocks in News | Expert Advice | ADRs & GDRs | IPO
Mutual Funds
News | Advice | MF Analysis | Fund Managers Views
Lifestyle
Travel | Wellness | Technology | Auto| Books
-
Most Read
-
Most Viewed
- 10 Companies that FIIs love
- 10 companies that MF managers love
- Mitesh Thacker's top 5 picks for trade today

- Ganeshaspeaks: Market prediction for Nov 24
- Will ITC dream run continue beyond FY10?

- Den Networks slips 22% after listing at Rs 195
- Trading in MF units to start in 15 days: SEBI

- Why LyondellBasell is a goldmine for RIL

- Experts see mkts at new highs, advise sectors

- Corrections in '10 to be more aggressive, violent: JPMorgan

- Mahindra may increase car prices due to rising input costs
Source: Business Line
- Renault to continue with M&M for Logan, says Ghosn
Source: Business Line
- Market volatility poses valuation problems: IRDA
Source: Business Line
- Punjab, Haryana buck all-India rice decline trend
Source: Business Line










