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TV Africa takes LOC to court
Accra, March 25, Ghanadot/GNA - Television Africa Limited
(TV Africa) has filed a writ at the Accra Fast Track High
Court (Commercial Division) against the Local Organising
Committee (LOC) for improper accounting of the proceeds of
the television advertising commercials and sponsorship
packages of the just-ended MTN Ghana 2008 Africa Cup of
Nations tournament.
Also joined in the suit is Optimum Media Prime Limited, a
media and advertising company.
TV Africa is seeking an order for a true and accurate
account of all sponsorship and advertising revenue received
by the LOC and Optimum Media prime Limited pursuant to the
broadcasting syndication agreement.
It is also seeking a declaration that the statement of
accounts furnished by the LOC and Optimum Media Prime
Limited through a letter dated February 15, this year was
not a true, complete and accurate representation of all
proceeds and revenues accrued from the syndication broadcast
venture.
The plaintiff said the statement of accounts excluded
revenue received by the defendants from MTN, Stanbic Bank
Limited, IGI Ghana Limited and Budget Cash and Carry
Limited.
Plaintiff is therefore seeking order for the payment of the
agreed share of revenue due TV Africa with interest.
In a statement of claim, TV Africa said the Government of
Ghana established the LOC to organise the 26th MTN African
Cup of Nations Football Tournament hosted by Ghana from
January 20 to February 10, this year.
According to the Plaintiff, Optimum Media Prime Limited was
contracted by the LOC to assist in the syndication and
management of sponsorship for the tournament.
Plaintiff said a consortium of local television stations
entered into a written agreement with the LOC on January 18
and agreed to broadcast all football matches of the MTN
Ghana 2008 tournament in accordance with the schedule
provided by the committee.
In the said agreement, plaintiff said, parties agreed that
LOC would receive 60 per cent while the television stations
including Television Africa Limited would receive 40 per
cent by which it was entitled to 16.5 per cent.
"In breach of their joint and several accounting obligation,
the defendants wrongfully omitted from the purported
statement of accounts of sponsorship received from companies
such as MTN, Stanbic Bank Limited, IGI Ghana Limited and
Budget Cash and Carry.
This, the plaintiff objected to saying they had carried
advertisements of the companies on its network in accordance
with the terms of the broadcast syndication agreement and it
would be unfair to deny them their share of revenue related
to the sponsorship package.
GNA
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