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  PBL And Nine Set To Be Sued For Millions By IceTV

By David Richards | Thursday | 2007-08-09

PBL and the Nine Network are set to be sued for millions in damages following a Federal Court decision today that saw the Nine Network lose its case against Sydney-based IceTV.
The copyright case, which centred on the information IceTV distributed via its electronic program guide (EPG), will see several vendors incorporate its service into their devices over the next few months.

Nine Network's move 18 months ago to stop IceTV operating was made when the TV station was 100 percent owned by PBL.

It is now 75 percent owned and controlled by private equity firm CVC Capital Partners, with James Packer having sold off many of the company's media assets in the last 18 months and raising over $5 billion in the process.

The decision by the Nine Network was calculated, and came only days before IceTV was set to float on the Australian Stock Exchange.  At the time it was looking to raise between $2 million and $4 million, and had in fact got commitments for up to 80 percent of the capital when PBL struck.

In a classic David versus Goliath case it was expected IceTV would fold under the pressure of the action, which has cost an estimated $2 million to run. Instead, under the stewardship of Chairman and investor Colin O'Brien, IceTV dug in, fought the case and won.

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