I was one such who had a two year subscription till 2008, and never received a renewal reminder. And on calling the company, I was told that due to concerns about climate change, they had discontinued sending sales agents or letter reminding / seeking renewal. So perhaps going belly-up is World Space's contribution to climate change!
It was said that 95% of the World Space's customers were in India. So, I am really curious why the Indian business could not be viable on its own, if it had such a large customer base? Would anyone on this forum have some clues about the economics of satellite radio business? Thanks. Happy new year to all. Barun 2009/12/27 Nishant | निशाँत <[email protected]> > WorldSpace to stop service from New Year > TNN 26 December 2009, 01:48am IST > > CHENNAI: It's sad news for radio listeners. Satellite radio WorldSpace > will go silent in India from New Year. Broadcast of services would > stop at midnight of Thursday (December 31). In a communication to its > subscribers, WorldSpace said, "on December 31, 2009, the WorldSpace > satellite radio broadcast service will be terminated for all customers > serviced from India. This action is an outgrowth of the financial > difficulties faced by WorldSpace India's parent company, WorldSpace, > Inc, which has been under bankruptcy protection since October 2008." > > Company officials could not be reached. Customer support officials > said, "we will go off air on December 31. As regards the fate of dues > to you, we will send detailed email messages on how you should seek a > refund. The company is in bad financial shape and has gone belly-up." > >
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