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RT America (Russian TV station) just filed for bankruptcy after being dropped by DirecTV and Roku at the same time. [1] Does that count, or does it have to be t
by Meekro 5y ago
RT America (Russian TV station) just filed for bankruptcy after being dropped by DirecTV and Roku at the same time. [1] Does that count, or does it have to be the government doing it?
[1] https://deadline.com/2022/03/rt-america-to-halt-production-and-lay-off-most-staff-after-being-dropped-by-major-u-s-distributors-1234970503/ https://deadline.com/2022/03/rt-america-to-halt-production-a...
- dragonwriter 5y agoRT America wasn't self-sufficient, itwas the local operation of Russian state media in the US, who, as well as losing key distribution channels and contracted-out production for some content due to private partners abandoning doing business with them, also suffered from the financial difficulty it's Russian immediate parent and the Russian state are experiencing in operating overseas due to sanctions.
- nradov 5y agoSpecifically it will no longer be possible for RT headquarters to transfer funds to their American subsidiary in order to pay employees and vendors. If they had a sufficient local revenue source then they could continue operating. They haven't been directly banned.