Entertainment Network (India) had previously announced its foray into the United States (US) Radio market. The Company'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 30 November 2022.
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