World Space India is no more!!

Sunday, December 27, 2009

Yes , Its confirmed . When you would turn on your world space on 1st of January , you would get no song , no channel ,no ads from it. Today i got the call from one of my store stating that World Space is going to quit India from 1st of next month. First i was shocked , then i tried to call the local World Space representative , his phone was unavailable. Then i called its customer care and there i got the news that yes , its true. It was a shocking news for all Music lover and also concernful for those who just invested in it or in its subscription. World Space India is a part of WorldSpace, Inc which has been been under bankruptcy protection since October 2008. India is a major market for company as almost 95% contribution come from here. On refund of unused services , the company is denying to give any claim.

According to reports, US-based media company Liberty Media has already bought out WorldSpace’s liabilities from its creditors. Interestingly, Liberty Media holds 40% stake in Sirius XM Radio and as per reports, chief executives of both the companies had said that there is a possibility of a joint Sirius XM/Liberty Media global satellite radio venture between the two.


WorldSpace has offered a claim procedure to be undertaken next year under US bankruptcy law. However, more than the claims, what bothers Indian subscribers most is the discontinuation of a quality music service, which Indian FM channels have failed to provide.



1 comment

FASHION STYLE said...

nice info you blog i like this, thank you friend

January 21, 2010 at 5:27 PM