Nowadays there are several large TV stations operating in the country, such as Record, SBT, Band, RedeTV! and Globe.
However, the history of the Brazilian television market shows us that things do not always go as expected, which leads broadcasters to close their doors in a decadent and painful way.
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About 10 years ago, MTV Brasil, one of the most watched cable TV channels in the country, declared bankruptcy and ended its activities.
Founded in mid-1989, the station stood out for its programming aimed at young people, with lots of music and animated programs all day long.
At the time, the station's representatives claimed that Grupo Abril, which owned the company, had decided to abandon the television market and cut investments in MTV. However, more details may be behind the closing of the company's doors.
What actually happened?
Despite the speeches of its executives at the time of bankruptcy, what probably caused the wave of divestment in MTV Brazil were problems caused by poor financial management.
That's because news published years before bankruptcy was declared that the station had serious cash problems, tax non-compliance and even difficulties in paying employees.
Over time, the station's financial chaos became increasingly unsustainable, resulting in its inevitable bankruptcy.
It is not known for sure what actually caused the closure of MTV Brasil, but an indisputable fact is that the station left a huge void in the Brazilian television scene, which no longer offers programming similar to the one it offered.
On the other hand, it is worth mentioning that the content once provided by the broadcaster, which was focused on video clips and music programs, is now widely disseminated on streaming platforms and videos, such as YouTube and Netflix.
Between the 1990s and 2010s, when the station was still in operation, the technological and entertainment advances experienced today were practically inconceivable.
Graduated in History and Human Resources Technology. Passionate about writing, today he lives the dream of acting professionally as a Content Writer for the Web, writing articles in different niches and different formats.
