From South China Morning Post, via AsiaMedia: Regulatory hurdles make foreign investors think twice before investing.
Regulatory uncertainty in the mainland pay television industry will act as an obstacle to attracting investment from local and foreign media firms, according to a report released by the Cable and Satellite Broadcasting Association of Asia (Casbaa) yesterday.
The report referred to the mainland’s government’s recent tightening of restrictions on licensed foreign satellite broadcasters and the stopping of new licences for landing rights to foreign-owned television channels.
News Corp has already expressed concern over the regulatory hurdles in the mainland market.
“We expect the regulatory framework in the pay-television market will evolve over time to maximise investment and stimulate growth in business,” said John Medeiros, Casbaa’s vice-president for government relations and regulatory affairs.
