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ENTERTAINMENT NETWORK (INDIA) LTD. - US Business Updates
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29 Nov 2022
We refer to our earlier disclosure dated May 21, 2021 regarding the Company&apos;s foray into the United States (US) Radio market. The Company&apos;s US subsidiary, Viz. Entertainment Network, LLC (EN. LLC.) had entered into a Time Brokerage arrangement with a US based broadcaster to broadcast radio programmes and content, targeting the South Asian community in the Bay Area - USA. Due to the non-fulfilment of material contractual obligations by the counterparty, rendering the business operations unviable, EN. LLC. has issued a termination notice to the counterparty, terminating the Time Brokerage arrangement effective from November 30, 2022.
View all announcements for ENTERTAINMENT NETWORK (INDIA) LTD. Source: BSE India