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TSTV Loses Office Due To Debt - Premium Times - TV/Movies (6) - Nairaland

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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:


DSTV has a hand in the company promising what it cannot, and failed, to deliver?

TSTV was built on hype.

It couldn't deliver what it promised.

I suspect the founders just wanted to scam their investors, because what they promised didn't not even exist.
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:

You wouldn't understand, dstv were operating from behind the scene. They reported tstv to bein sports for pirating their content

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:

You wouldn't understand, dstv were operating from behind the scene. They reported tstv to bein sports for pirating their content

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:


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.
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:
..I just came to check if it's TRUE.

I still had a bit of hope that even in their dieing nature, somehow they will come alive, that somehow they could make a great come back.

Alas The 9ja spirit no deh this one.!!!

With the loss of their head office dies the existence and name TSTV.

RIP

The so called "9ja spirit" is part of the reason for their demise... undecided
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:
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

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:
TSTV. I will never forget them. They came like they were bragging like giants that will unseat DSTV. People that could not even afford rights to broadcast from a sports network. Shame on them. Eastern businesses and their thing for sub standard services.
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:
A promising company down

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:

You wouldn't understand, dstv were operating from behind the scene. They reported tstv to bein sports for pirating their content

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:
Dis mumu ppl dat raised our hopes so high and den dashed it into a thousand pieces.. Do more talk less is one lesson everyone shld note.
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:
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.

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:
Nigeria failed TSTV. A serious nation would never allow a foreign entity operating within its borders bully an indigenous company. That was what DSTV did to TSTV.

The support the government claimed was given to TSTV was never ironclad.
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:


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.

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:

How and why should they keep what they do to themselves please?
It is never a crime to "make noise" about what you do or your company.
That is called : ADVERTISEMENT .
Coca-cola "make noise' every time also,
so do Pepsi, and other Big corporations,
but they have been around forever!

It is sad that things do not work out for them.
We need a reliable indigenous cable TV in our darling country.

But with all these thieves, called politicians having a sizeable shares in all the South African firms since 1999 till now, make it happen?!
Question of the day!

This is a 100% wholly owned Nigeria Pay TV company.
When are we going to start patronizing our own?

Another Question of the day!


Sad reality!

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:


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.
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:
Nigeria failed TSTV. A serious nation would never allow a foreign entity operating within its borders bully an indigenous company. That was what DSTV did to TSTV.

The support the government claimed was given to TSTV was never ironclad.
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:
How come such a promising business became grounded within a short time? Could it be bad managment decision or Nigeria factor of 'you wash my back I wash your back?

I thought by now, DSTV shakara would be a thing of the past. so unfortunate

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:


Young man, I never said Dstv took them to court , but Dstv frustrated them strategically which is ok in business.

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:
I'm not surprised!!!... After what befell HiTv, the barely breathing DaarSat, I knew TSTV was a mere pipe dream!!!

A nation that can't encourage itself and its people to grow, but will choose to open massive doors to foreign exploiters will perpetually remain third world!!!

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:


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.

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:

https://www.premiumtimesng.com/news/more-news/396874-satellite-tv-company-tstv-loses-office-due-to-debt.html

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:
TSTV is a classic example of keeping your plans to yourself........they made so much noise and their competitors silenced them

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:
It's really unfortunate that Nigeria are stocked with DSTV....

In South Africa thy have about 5 strong cable companies. DSTV is not even among the top 4 in that country.....

Thy have killed the following on Nigeria !
HiTV
TSTV
DarSAT


Too bad for this country.......

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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