TDSAT gives SPN, Tata Sky four weeks to resolve issue among themselves
Matter to be taken up again on November 19, 2018 to consider outcome of negotiations
Published - 12-October-2018
The TDSAT today rejected the relief sought by Sony Pictures Networks seeking Tata Sky to carry all their channels.
The court order noted that the parties had been negotiating renewal of the previous contract of Rs 800 Cr, against which Sony was seeking Rs 1700 Cr, despite losing rights of IPL.
Sony issued a disconnection notice to Tata Sky on September 7 which was also published in newspapers on September 10 consequent to which Tata Sky proposed a RIO based agreement effective September 30 midnight for 10 channels which was accepted by Sony. Hence the court felt that reversing the current arrangement would not be in the interest of justice. The parties have been advised by the court to take four weeks and try and reach an agreement amongst themselves.
The order stated, “The other interim prayer is to direct the parties to enter into negotiations for a period of at least four weeks. The prayer is with a view to enable the parties to enter into fresh negotiations so as to arrive at a mutually acceptable agreement based on negotiations. Generally, this tribunal been giving such opportunity to the parties even when they have been availing signals on RIO terms. Hence, we direct both parties to sit across the table and try to work out a mutually acceptable negotiated agreement with a period of four weeks from today. If required, the parties may seek extension of this period. However, on careful consideration of the entire facts and circumstances, the interim prayer is declined.”
Further it mentioned, “In the view of above discussion, let this matter be listed under the same heading on November 19, 2018, for considering the outcome of the fresh round of negotiations which the parties are to carry out in the meantime. If required, the direction for reply etc, may be issued on the next date.”For more updates, subscribe to exchange4media's WhatsApp Channel- https://bit.ly/2QUdLCK