Cash Crunch At INX Media: Outstandings To Producers Mount
9X, the general entertainment channel run by INX Media Pvt Ltd, has exceeded the window of credit it has with content providers by several months, according to sources at two production companies that are creditors. 9X has been doing reruns and has not had fresh content on its channel since production personnel went on strike in October.
In the broadcast business, the normal window of credit extended to broadcasters by producers in 60 days from the day of delivery of tapes. According to a senior executive at BAG Films and Media Ltd, a Bombay Stock Exchange-listed producer and broadcaster, payments are due from INX Media for deliveries dating back to June 2008. The person said the company is owed Rs20-25 crore by 9X.
A highly placed source at Balaji Telefilms Ltd said the firm is owed more than Rs30 crore by INX Media and payments have not been forthcoming. The BSE-listed producer, in its first full quarterly reporting since it severed ties with News Corp. subsidiary Star India Pvt. Ltd, recently said net profit was down 96% year-on-year. Kahani Hamare Mahabharat Ki, 9X
What was it that happened that their net profits went down by 96%? That seems like an absurd amount of money to not be making.
can you actualy tell me when the drama kya dil mai hai 99th ep is going to be put on…. because can't w8 to watch it and when is the strike going to finish….
thanx sana
I cant wait to see the new KDMH episodes.
I hope ir will air soon!
now what about,starting now episonds of KDMH? old episods also has been stoped! atleast we were able 2 watch old episods.
pls. do telecast KDMH, we all r waiting 4 it.
omg soooo happy!!!
I hope it will air soon!
cant wait :)!!!!
Thank u 9x for remote control………….best show on television till date
9X AND 9XM ARE BROADCAST FREE ON AIR WITH DD DTH.
I am eagerly awaiting to see new episodes of kya dil me hain.
wen are u gona put on 'NEW' episode of kya dil mein hai on air it is takin 2 long can't wait !
when is kya dil mein hai serial coming back on? pz say it is coming back on……….. and has Ruhal from the show in any other serials?