PANAMSAT, the satellite owner that placed Australia's first ethnic pay-TV service into receivership last year, has emerged as the owner of most of the group's assets but remains at least $US30 million ($38.7 million) out of pocket.<br />Television & Radio Broadcast Services was placed in receivership last July. Its subscriber list, interests in content agreements, intellectual property and subscriber-installed equipment have now been sold. <br /><br />Receiver Phil Carter from PricewaterhouseCoopers said PanAmSat's Asian subsidiary had bought the assets but as PanAmSat was still owed money, there would be no funds for the unsecured creditors. <br /><br />They include about 65,000 former subscribers who were entitled to claim back monies owed after paying for the service in advance. <br /><br />While PanAmSat Asia's plans are unknown, it has authorised World Media International, which represents some Arabic TV channels in Australia, to create a new Arabic pay-TV service called MySat to be distributed on its satellite. <br /><br />TARBS founder Mike Boulos - who will appear in court next week to face 10 counts of tax fraud - remains in dispute with PWC on ownership of the set-top boxes. Mr Boulos says his private company owns about 85 per cent of the set-top boxes, and another 10 per cent are owned by the subscribers themselves. <br /><br />Mr Carter agreed PWC and Mr Boulos were trying to resolve the ownership of the boxes. <br /><br />Mr Boulos also remains intent on taking legal action against PWC and PanAmSat relating to the collapse of TARBS. <br /><br />Mr Boulos has since started another ethnic pay-TV service called United Broadcast International. <br /><br />Mr Carter said TARBS was likely to remain in receivership for another six months while other assets were sold.

The funny part is they think they have ABSORBED Me a "X" Tarbs customer, Get real PWC you have to be joking, you don't own me.

Phil,<br />I totally agree with you...<br />Neither me nor my ex-Tarbs equipment own by them!<br />You know what! I Beep! lost them, all broken, stolen, demolished...Kapish....<br /> <br />What can I say for the loss & court cases, bad luck for PWC and good luck for Mr Boulos. Regards,

Yes but they think they own you, The customer, Its like Austar they valued each customer at $1540 times there 250,000 subscribers.<br />what a joke! they have put a price on your head <img border="0" title="" alt="[Mad]" src="images/icons/default/mad.gif" /><br /> <br /> <small>[ 31. January 2005, 07:40 AM: Message edited by: Phil Debono ]</small>

What a friggen joke... <img border="0" title="" alt="[Mad]" src="images/icons/default/mad.gif" /> <br />They must be dreaming to make such idiotic claim. If they Beep.en! insist on the claim then I'm gonna make public claim that I own the beep.en! world from my very very very first grand father - Hz.Adem "world's first man". Kapish.... <img border="0" title="" alt="[Wink]" src="images/icons/default/wink.gif" /><br /> <br /> <small>[ 31. January 2005, 08:01 AM: Message edited by: fsking ]</small>