Former type Private Website www.tarbs.com Defunct 2004 | Industry Satellite television Founded 1995 Area served Australia | |
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Products Direct broadcast satellite, pay television, pay-per-view Owner Television And Radio Services Pty Ltd Headquarters Pyrmont, Sydney, Australia | ||
Television And Radio Broadcasting System more commonly known as TARBS World TV was an Australian Subscription Television Service, broadcasting predominantly ethnic (and mainly non-English) stations into Australia. TARBS commenced operations in 1995 and had around 57,000 subscribers until July 2004 when the company went into receivership.
TARBS in Receivership
In July 2004, PanAmSat a major creditor of TARBS applied to have the organisation placed into receivership due to a failure to pay their satellite transponder lease payments.
This action was while PanAmSat was briefly controlled by News Corporation, which was a major investor in TARBS' main competitor Foxtel.
PanAmSat purchased a large number of the assets including the customers Set Top Boxes from the receiver (PriceWaterhouseCoopers) in 2005 and authorised a competing subscription television provider to access and use the boxes already installed in ex-customers homes.