Cable TV

Comcast acquires majority stake in Universal Studios Japan for $1.5 billion

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/cable_tv_images/2015/09/28/cable%20mso%20priority%202.jpg?itok=f6Tu1Vok

MUMBAI: Comcast NBC Universal has agreed to purchase 51 per cent ownership of Universal Studios Japan in a recapitalisation transaction, partnering with the current owners including Goldman Sachs, USJ’s CEO Glenn Gumpel, Asian private-equity firm MBK Partners, and U.S. hedge fund Owl Creek Asset Management. 

Comcast NBC Universal’s purchase price for the majority ownership of the theme park destination is $1.5 billion (?183 billion).

Located in Osaka and featuring classic Universal attractions as well as attractions and shows specifically designed for the Japanese market, USJ opened in 2001 and has experienced continued growth in attendance and revenue.

“We are excited to expand our global footprint with this wonderful theme park in Osaka and are excited by the opportunities that lie ahead in Japan and all of Asia. This investment represents a huge opportunity and commitment to creating value for our shareholders and continuing to grow internationally,” said Comcast chairman and CEO Brian L. Roberts.

Acquiring majority ownership of Universal Studios Japan continues Comcast NBC Universal’s ongoing investment strategy for its US parks in Orlando and Hollywood.

“We want to expand our theme park business around the world and this investment in Universal Studios Japan fits perfectly with that strategy. Our theme parks in the U.S. have performed exceptionally well and we look forward to working with our partners to achieve that success in Japan as we plan to introduce significant attractions at USJ over the next five years,” added NBC Universal CEO Steve Burke.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/11/Digital.jpg?itok=XJmRussd
India, China to provide 50% of global pay TV subs by 2023

NEW DELHI: India and China will together provide half the world’s pay TV subscribers by 2023, according to a new global report that forecasts 95 million additional pay TV subscribers would get added between 2017 and 2023 to take the global total to 1.10 billion. China will continue to supply about...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/06/den.jpg?itok=aA0Ds281
DEN expands broadband services; plans Rs 100 cr capex

DEN Broadband Pvt Ltd (DEN) has expanded its hi-speed internet services to 100 cities across India. After an encouraging response to the pilot project in five cities, DEN has already started its first phase of expansion in 15 cities.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/04/den.jpg?itok=ci47ACHf
Den Networks appoints Himanshu Jindal as CFO

Den Networks has appointed Himanshu Jindal as chief financial officer with immediate effect.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/03/hathway.jpg?itok=iL9Asqfk
Hathway Bhawani appoints Vatan Pathan as CEO

Hathway Bhawani Cabletel & Datacom ‍(Hathway Bhawani) has approved the appointment of Vatan Pathan​ as CEO with immediate effect. Pathan has been the additional director at Hathway Bhawani Cabletel and Datacom Ltd since 7 November 2017.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/03/31/vinit.jpg?itok=jaMtKdMt
Hathway CFO Vineet Garg resigns

Hathway Cable and Datacom chief financial officer (CFO) Vineet Garg has resigned which will be effective from 15 May 2018. He has also resigned as a director from the board of Hathway Bhawani Cabletel and Datacom.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/03/26/tdsat.jpg?itok=SdIdmV-l
TDSAT prohibits Scod18 from relaying IndiaCast channels

Scod18 Networking Pvt Ltd (Scod18), a multi-system operator (MSO), has been restrained by the Telecom Disputes Settlement Appellate Tribunal (TDSAT) from taking signals of IndiaCast Media Distribution Pvt Ltd’s (IndiaCast) channels from any other operator.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/03/13/Ortel.jpg?itok=fjL_giQu
Ortel to issue shares worth Rs 8.75 cr to promoters

The board of directors of Ortel Communications, the multi-system operator (MSO), has approved the issue of equity shares to promoter group entities.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/19/in.jpg?itok=nHQvEPXR
INDUSIND Media live telecasts "Magnetic Maharashtra Convergence 2018 - Global Investors Summit"

INDUSIND Media & Communications limited of Hinduja Group provides the live telecast of events from “Magnetic Maharashtra Convergence 2018 – Global Investors Summit” through their Indigital services for the benefit of all their viewers in Greater Mumbai, Maharshtra and some Key cities in India...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/19/Hathway-800.jpg?itok=ECpfVVbW
Hathway leads the way in wireline net subs addition in Q3

BENGALURU: Over the past few years, multi-system operators, or MSOs, and cable television operators have been trying to enhance revenue by offering broadband internet services riding piggyback on their cable TV network wires.

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories