DTH
Sony to allow movie, TV downloads on Playstation 3
MUMBAI: Japanese media conglomerate Sony has announced that users of the PlayStation 3 will shortly be able to download Sony movies and television shows on their gaming console.
Sony made this announcement to hype the launch of the PlayStation 3 in Europe as well as push more sales of the system in the US.
In creating a movie and music download service for the PlayStation 3, Sony will be putting itself in competition most directly with Microsoft and the Xbox 360 platform. The inclusion of a hard drive in the PlayStation 3 is part of a larger strategy to boost the PlayStation’s presence as an entertainment hardware device, rather than just a game machine.
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MUMBAI: In a breather for Dish TV India, JC Flowers Asset Reconstruction has withdrawn its petition before the National Company Law Tribunal seeking directions to convene an extraordinary general meeting.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.
