Browsing: Mergan Moodley

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StarSat wins court battle with shareholder

On Digital Media (ODM), the company that owns pay-television brand StarSat (formerly TopTV), is a step closer to concluding its business rescue process after it won a high court battle last week against one of its minority shareholders. It has been in business rescue under the

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StarSat will be a ‘serious competitor’

StarSat, the pay-television platform previously known as TopTV, will emerge as a “serious competitor” to MultiChoice, the Naspers subsidiary that owns the dominant DStv service. That’s the word from Peter van den Steen, who is overseeing the business rescue of StarSat parent On

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High drama in TopTV saga

Vino Govender, the former CEO of On Digital Media, which operates DStv rival TopTV, has agreed to resign as director and CEO of First National Media Investment Holdings, one of the pay-television operator’s founding shareholders, after an ultimatum from the Industrial Development Corp

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TopTV relaunches as StarSat

Despite facing a lawsuit from two of its minority shareholders and not yet concluding a business rescue process, troubled pay-television operator On Digital Media (ODM) is pressing ahead with plans to relaunch its TopTV brand as StarSat. This follows an agreement

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TopTV shareholders in R750m lawsuit

The fall-out from the business failure of MultiChoice rival On Digital Media, the owner of TopTV, continues unabated with news that the Industrial Development Corp has taken three of the pay-TV operator’s major shareholders to court seeking to recover more than R750m

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Shareholder dispute rocks TopTV

More trouble has rocked TopTV parent On Digital Media (ODM), still the only direct-to-home pay-television rival to MultiChoice and its DStv service. Two disgruntled ODM shareholders have taken the company and its business rescue practitioner, Peter van den Steen, to the high court in an effort

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TopTV flop gobbles up state funds

Perhaps best known for its foray into ­pornography, TopTV’s anti-climax in the world of broadcasting has resulted in a little-known fact: South Africa has suffered a loss of almost R1,2bn because of this venture, which critics say it should not have flirted with in the first place. Three arms

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China to the rescue for TopTV?

TopTV parent On Digital Media is turning to China in an effort to stave off business failure. The proposed deal will result in China’s StarTimes taking a 20% stake in the business, the maximum foreign shareholding allowed for South African broadcasters. The troubled operator

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TopTV pawn in political game – founder

These allegations from Mergan Moodley, the founder of On Digital Media (ODM), which owns TopTV, come on the same day the pay-TV station announced it would be discontinuing two channels from its bouquet for “operational reasons” in preparation for a new channel structure. “The IDC [Industrial Development Corp] has