Reliance Big TV has postponed its plans to foray into broadcasting, due to economic slowdown. The company had announced in May last year to launch and operate a bouquet of 20 channels under two new entities — Reliance Big TV Entertainment and Reliance Big TV News."There is no change in the business plan. Since it is tough time around, we will decide the timing of the launch later. Currently, the company is proceeding with studies and analysis," said a company executive.
Reliance will consider acquiring sick broadcasters as most of them are in deep financial trouble. The company also held back its plan to launch its Digital Video Recorders owing to the global situation.
Apart from this, Big TV has been in the news for pulling out of Indian Premier League, citing contractual violations with Sony. Big TV had signed the DTH deal with IPL last August for US$ 31.16 million over four years.