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Sony-Pentamedia NumTV deal on rocks

06-November-2000
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Sony-Pentamedia NumTV deal on rocks

The deal between Sony Entertainment Television and Pentamedia Graphics to webcast its channels on the latter's streaming portal, NumTV.com, is on the rocks with the Indian arm of the Japanese major contemplating calling the deal off. Sony had entered into a revenue-sharing agreement with Pentamedia Graphics to stream its three channels: Sony Entertainment, SonyMAX and action channel AXN. Advertisement revenues were to be shared on an equal basis and subscription revenues were to be divided on a 70:30 basis. Currently, NumTV.com webcasts programs of the Sun Network comprising Gemini, Surya and Udaya TV channels. NumTV.com claims to be the world's first 24-hour live online multilingual entertainment portal with over thirty television channels, multilingual radio channels, multilingual press, interactive events, live events and stage plays on the Internet.

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