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Nairaland Forum / Entertainment / TV/Movies / TSTV Loses Office Due To Debt - Premium Times (36249 Views)
BBNaija: Erica Loses N1.8 Million After Disqualification / Satellite TV Company, TSTV Looses Office Due To Debt. / TSTV Africa Loses Abuja Head Office Due To Debt (2) (3) (4)
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Re: TSTV Loses Office Due To Debt - Premium Times by edoairways: 8:59am On Jun 10, 2020 |
BotherMleeper:You wouldn't understand, dstv were operating from behind the scene. They reported tstv to bein sports for pirating their content |
Re: TSTV Loses Office Due To Debt - Premium Times by kay7: 9:02am On Jun 10, 2020 |
TSTV came with a bang. They got 5 years tax free status. Nigerians were eager to support them. But: 1. Promised launch dates were always shifted 2. Decoders were not available. 3. No Contents when they started test run 4. They had no broadcasting rights for sports channels, yet they were broadcasting! 5. These frustrated prospective customers 6. TSTV lacked business plans and strategies. 7. It’s not about competition or lack of Govt support. It’s about your strategies, managerial capabilities, business plans which of course will take care of financial, marketing, technical plans. 2 Likes 1 Share |
Re: TSTV Loses Office Due To Debt - Premium Times by kay7: 9:05am On Jun 10, 2020 |
edoairways: He who seek equity must come with clean hands. Why pirate? It’s criminal. 2 Likes 1 Share |
Re: TSTV Loses Office Due To Debt - Premium Times by Nobody: 9:08am On Jun 10, 2020 |
edoairways: Which was well within their rights to do so...if they did. The thing is, DSTV holds exclusive rights to broadcast Premier league matches in Nigeria. Rights they paid for using their customer's money. If TSTV wanted to air Premier league, they should have bid for Premier league match rights (like HiTV did in 2006 sucessfully, and even had DSTV having to beg them at one point to show at least 2 games per weekend plus highlights.)..instead of playing ojoro. Plus they were even showing BeIN TV signals without BeIN TV's permission, and without signing an agreement or even paying BEIN for the privilege to rebroadcast Premier league matches. Haba!(It also means that a legal BeIN TV subscriber is paying for Nigerians to watch Premier league...that's not fair to them) Plus, BeIN can only boradcast Premier league matches in a certain region. If they had turned a blind eye to TSTV's piracy, that could have been considered breach of contract with the sellers of the Premier league rights...which means more trobule for them legally and financially. There is a good reason why government agencies go after people who do what TSTV was doing. In the UK, BT recently won a bid to show some Premier league games on their channel..from SKY. They had to bid like anyone else. BBC cannot show premier league matches because they haven't bid for them Let's do things properly in this country, and maybe more investment would come in. 2 Likes 1 Share |
Re: TSTV Loses Office Due To Debt - Premium Times by edoairways: 9:15am On Jun 10, 2020 |
kikero:You right. That means dstv will continue to enjoy some monopolistic right to certain contents. |
Re: TSTV Loses Office Due To Debt - Premium Times by Nobody: 9:22am On Jun 10, 2020 |
Ben404040: The so called "9ja spirit" is part of the reason for their demise... |
Re: TSTV Loses Office Due To Debt - Premium Times by leisuretym: 9:25am On Jun 10, 2020 |
see what SAfrican did to a Nigerian company because government failed to protect and support indigenous company but they want tax. but in their own country they don't want to see Nigerians |
Re: TSTV Loses Office Due To Debt - Premium Times by Nobody: 9:29am On Jun 10, 2020 |
leisuretym: TSTV actually got a tax break.(someone said upthred for 5 years). Their fall is their own fault. Not DSTV. |
Re: TSTV Loses Office Due To Debt - Premium Times by steppin: 9:31am On Jun 10, 2020 |
Neddstark:You guys are the problem with Nigeria. 1 Like |
Re: TSTV Loses Office Due To Debt - Premium Times by zone51: 9:34am On Jun 10, 2020 |
This is a big fat lie |
Re: TSTV Loses Office Due To Debt - Premium Times by Nobody: 9:39am On Jun 10, 2020 |
Tocynone: Killed at birth by a foreign competitor (DSTV) in your own motherland with the full assistance of the government and greedy politicians. |
Re: TSTV Loses Office Due To Debt - Premium Times by BotherMleeper(m): 9:39am On Jun 10, 2020 |
edoairways: Pls stop You make it sound like a school yard fight between two junior boys. You think beIN will invest hundreds pf millions and not possess the capacity to know when someone is pirating their broadcast? And without beIN, which DSTV does not even broadcast, TSTV cannot function and survive? They promised pay per view, broadband internet, 40gb storage, and a range of services that sounded too good to be true. They didn't arrange licensing deals with service providers, and they couldn't deliver even enough decoders to dealerships who'd paid upfront. They simply buckled under the weight of tons of lies, deception, misleading promises, and probable scam. 1 Like 1 Share |
Re: TSTV Loses Office Due To Debt - Premium Times by AK481(m): 9:39am On Jun 10, 2020 |
The hype was needed, you are only saying it because it failed. The hype made people interested but Dstv use court order to fruastrate them.dstv would still have fraustrated them if they had shown contents silently. There is no way anybody will unseat multichoice either gotv(to keep small boys busy) or Dstv for its preemium if some rights are not taken away. Mind you, even mtv base and cnn are solely signed to Dstv,Fox News , but they are flexible rebroadcasting it for a fee to other competitors. |
Re: TSTV Loses Office Due To Debt - Premium Times by osazsky(m): 9:44am On Jun 10, 2020 |
Nbote:blame dstv. NBC and fg |
Re: TSTV Loses Office Due To Debt - Premium Times by henrymom18(m): 9:51am On Jun 10, 2020 |
So this people (NATIONAL ASSEMBLY)has finally succided in pushing TSTV out of market........ I wonder the kind of laws they are sponsoring that could not support an indigenous company. Caaaaaiiiiii........ there's God oh!!! |
Re: TSTV Loses Office Due To Debt - Premium Times by Beedude(m): 9:52am On Jun 10, 2020 |
After going through numerous comments, it is obvious only few peeps understand the concept of business. No one can force u out of business except 'U'. If u dont help urself, no one will. A business without goals and objectives wont last. A business without a solid business plan will fail even if the whole of Nigeria's budget is invested into it. For Startimes to be functional and still relevant for years means they still have the chance to dislodge DSTV in the future. A baby must learn to crawl before walking or running. That was the mistake of TSTV. No one can make u fail except U 3 Likes |
Re: TSTV Loses Office Due To Debt - Premium Times by Nobody: 9:52am On Jun 10, 2020 |
AK481: 1.DSTV never took tstv to court. 2.How cable companies bid for content varies from content to content. CNN is , i believe, free to air...so they can be shown on any platform. MTV base is shown on two platforms (dstv, and gtv...another similar private platform). Fox News is solely on Startimes here in Nigeria. (Another example is the channel Investigation Discovery...which airs on DSTV and Startimes...) 3.Premier league broadcasting rights follow a completely different bidding process from MTV base, et al. And they cost a lot more. Premier league bidding rights are by region. Once company A has bid to show the EPL in region A , they cannot show it in region B. That's why TSTV got into trobule for pirating BeIN TV. 4.If TSTV wanted to show premier league...they should have BID for it. Like HiTV did in 2006...and knocked out DSTV for 3 years in the process. |
Re: TSTV Loses Office Due To Debt - Premium Times by akaahs(m): 9:53am On Jun 10, 2020 |
Tintinnoty:Not only tstv my fellow citizen, even hitv was bully and subsequently force out of market. |
Re: TSTV Loses Office Due To Debt - Premium Times by AK481(m): 9:59am On Jun 10, 2020 |
kikero: Young man, I never said Dstv took them to court , but Dstv frustrated them strategically which is ok in business. |
Re: TSTV Loses Office Due To Debt - Premium Times by mamaafrik(m): 9:59am On Jun 10, 2020 |
TSTV should have liased with a giant telecom company who had been through such path before and can pull enough weight,provide consultancy and leadership. 1 Like |
Re: TSTV Loses Office Due To Debt - Premium Times by BreconHills(m): 10:01am On Jun 10, 2020 |
post=90503656: Yes you can advertise but you shouldn't reveal your business model. Advertising showcases the product and tells what the product can do but only in a 2D dimension. Coca Cola that you use as an example does not reveal their formula, neither do they reval that it is highly addictive. In spite of all this, I never believed that TSTV was made to survive. Anything hyped by government officials usually contains enough internal contradictions to kill it off without any help from its competitors. DSTV real competitor is IPTV. Always has been always will be. 1 Like 1 Share |
Re: TSTV Loses Office Due To Debt - Premium Times by edoairways: 10:02am On Jun 10, 2020 |
BotherMleeper:If only you knew what was behind the scene, you wouldn't post this |
Re: TSTV Loses Office Due To Debt - Premium Times by scriptures01: 10:05am On Jun 10, 2020 |
The main reason Nigerian businesses fail is that their only reason for entering the business environment is to steal customers through low prices.. Entering a new business environment and using low prices is doomed to fail because: *It's almost impossible to have low prices and quality in the same sentence. In the long term, loss of customers and declining sales will happen once customers realize that the quality is lacking. *They will attract the wrong set of customers, the cheap kind. *The bigger business has funds that can last them for years, they normally respond with reduced prices leading to a price war. The new Nigerian business now finds itself starved of profit and within a year has to go under. New Nigerian businesses should learn to focus on value and quality. And not the usual jargon of awoof prices in a bid to steal the market. It will always backfire. Glo used the same strategy when entering Ghana, they only focused on cheap airtime, cheap data. Forward to the present day, they have lost all their customer base. Of what good is a cheap airtime or data, when you can't hear the other pseron on the other line or use the data to browse..... 2 Likes 1 Share |
Re: TSTV Loses Office Due To Debt - Premium Times by arsenal33: 10:07am On Jun 10, 2020 |
Tintinnoty:TSTV failed Nigerians, just like HITV 1 Like |
Re: TSTV Loses Office Due To Debt - Premium Times by BigBashiru: 10:07am On Jun 10, 2020 |
Growingboi: Please what does you wash my back I wash your back mean? |
Re: TSTV Loses Office Due To Debt - Premium Times by Nobody: 10:08am On Jun 10, 2020 |
AK481: DStv did not frustrate them at all Tstv were the ones that messed themselves up. Poor service, promises they could not keep plus piracy. Why hasn't DStv frustrated startimes? Startimes that even snatched Bundesliga rights from them self? 3 Likes |
Re: TSTV Loses Office Due To Debt - Premium Times by Nobody: 10:09am On Jun 10, 2020 |
Angelfrost: You said it all bro. Government could have given them grants or soft loans so they can bid for their own broadcast licenses. It really breaks my heart when I see all these nonsense going on in Nigeria when the solution lies within ourselves. |
Re: TSTV Loses Office Due To Debt - Premium Times by Nobody: 10:14am On Jun 10, 2020 |
Xda59: Lol! Hitv got enough loans from GTBank, and enough encouragement from government, yet they failed because their offerings, apart from.football was so weak that they never reached the subscriber base needed to earn a profit to pay for football rights. Tstv got a tax break from government self. They failed because their service was poor, they did not get the appropriate rights to show some of their stuff, and they made promises they could not keep. If government gave tstv money, they will end up pumping billions of tax payers money into a company that would have failed in the end. Waste much, no? 1 Like |
Re: TSTV Loses Office Due To Debt - Premium Times by Crusader1: 10:27am On Jun 10, 2020 |
obonujoker: Bright Echefu? Are we sure his past is not fighting back? Good success is rewarding and quick success will always come crashing like a pack of card |
Re: TSTV Loses Office Due To Debt - Premium Times by mapet: 10:33am On Jun 10, 2020 |
Olalan: That in part, the other is that technology is about to wipe them all out. DSTV is also going down soon. IPTV has bridged all these gaps and we hardly need all these satellite TVs coys. Even content owners get to sell with better models where there take-home can be based on the performance (number of streams and views) of their contents rather than one-off pay. 2 Likes 1 Share |
Re: TSTV Loses Office Due To Debt - Premium Times by olajide8(m): 10:51am On Jun 10, 2020 |
Duru009: All enterprises start on a high promising note only for the reality of the economy to take its toll on the business bottom line, fstv was in existence prior to tstv what killed it? In short nobody killed tstv the harsh economy within which the satellite firms work and funds is the killer of all businesses in Nigeria - tailoring shops are closing supermarkets are shutting barbing salons same - any business that survives Nigeria economy without govt patronage would churn billions of dollars outside nigeria |
Re: TSTV Loses Office Due To Debt - Premium Times by Risingblue008(m): 10:56am On Jun 10, 2020 |
That's d work of dstv |
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