DTH
Neo Sports in deal with The New Media Group for Japan, Korea & Taiwan
MUMBAI: Neo Sports, which focusses on Indian cricket, has announced a deal with Asia Pacific digital media platform developer and operator The New Media Group (TNMG).
The deal will allow Neo Sports to be available across Japan, Korea and Taiwan. TNMG will distribute Neo Sports on its World On-Demand IPTV platform, offering both packaged and ala carte deals.
With this, Neo Sports is spreading its footprint across Asia. Recently, it had announced a deal with several South East Asian countries.
Neo Sports CEO Shashi Kalathil said, “We aim to reach the Indian diaspora in Japan, Korea and Taiwan. Partnering with The New Media Group gives us a huge advantage as they have unparrelled reach amongst this target audience in these markets.”
The New Media Group president Randy McGraw said, “This is a great opportunity for our 6,000-plus community member subscribers as well as our company. We are proud to be associated with Neo, and will work with them in the third quarter of 2007 to develop and launch community and interactive features around their content.”
DTH Operator
JC Flowers withdraws NCLT plea against Dish TV over EGM demand
Move eases pressure on DTH firm as long-running shareholder dispute cools
MUMBAI: In a breather for Dish TV India, JC Flowers Asset Reconstruction has withdrawn its petition before the National Company Law Tribunal seeking directions to convene an extraordinary general meeting.
The development was disclosed by Dish TV in a regulatory filing, confirming that the petitioner chose to withdraw the case during a hearing at the Mumbai bench of the tribunal. A detailed order from the bench is still awaited.
The petition, originally filed under Sections 98 to 100 of the Companies Act, 2013, sought to push for an extraordinary general meeting to address governance issues at the company. The case had its roots in a prolonged shareholder tussle dating back to 2021, when Yes Bank, then the largest shareholder, was at odds with the promoter group led by Subhash Chandra over board reconstitution.
JC Flowers had stepped into the picture as an assignee of Yes Bank’s stressed assets, effectively continuing the legal push initiated earlier. The withdrawal now signals a pause, if not a closure, to that chapter of dispute.
While the reasons behind the withdrawal have not been formally detailed, the move reduces immediate legal pressure on Dish TV, which has been navigating both operational and regulatory challenges in recent years.
For now, the focus shifts back to the company’s business fundamentals, even as the legal dust settles, at least temporarily, on one of its more closely watched shareholder battles.
