Star acquires entire Channel Nine library at a steal

Star India edged out Sony Entertainment Television in the race to acquire Channel Nine Gold's entire content library last week. Sources say Star bought out the library at about 20 per cent of its actual valuation. Unconfirmed reports peg the Nine Gold library's valuation at around Rs 120 million.

HFCL Nine may have had to bid a hasty adieu to DD Metro; but its content library has been the cynosure of rival channels' eyes ever since. Star had bought some of the Channel Nine programmes in September, after its break up with DD Metro.

Sony was also a serious bidder for the lot, but Star seems to have beaten it in this respect too. Although Star has refused to divulge the exact valuation of the deal, industry sources say the arrangement includes all the popular soaps and films made by Nine Gold during its short tenure on Doordarshan Metro. Star had bought soaps Kundali, Kabhie Souten Kabhie Saheli and The Helen Show in September after the much-hyped HFCL Nine stopped operations following Doordarshan's refusal to renew its contract with the software company. The events Star bought at the time included the series Celebrate with Music and The Madhuri Concert.

Star, which is already strong in the soap segment, is expected to further consolidate its numero uno position following the acquisition of the programmes from the Nine Gold stables, media analysts feel. The defunct TV software venture floated by Australian media mogul Kerry Packer and the HFCL group notched up heavy losses after its exit from DD, after paying Rs 121 crore to the pubcaster and spending heavily on programming and promoting its shows. DD, while agreeing to an extension of between 6 and 18 months for Channel Nine Gold, had put its foot down on other demands made by the company. This led to a break-in contract between DD and the company.

Latest Reads
Star ushers in IPL's new era with a bang

Star India is all set to reinvent the Vivo Indian Premier League (IPL) 2018 by increasing fan-engagement levels and bringing the sporting spectacle even closer to cricket fans across the country. The broadcaster’s press conference in Delhi today started with Sophia, a robot, in conversation with...

Television TV Channels Sports
Zeel numbers up on higher ad revenue in third quarter

The Subhash Chandra led Indian television network Zee Entertainment Enterprises Limited reported 11.5 percent and 28.3 percent increase in consolidated total revenue and profit after tax (PAT) respectively for the quarter ended 31 December 2017 (Q3-18, quarter under review) as compared to the...

Television TV Channels GECs
Ramdev wants telecast fees waived off for devotional channels

Baba Ramdev today took a shot at the government for imposing high tax on telecasting devotional TV channels.

Television TV Channels People
Be privy to a traditional ode to eternal love and longing with 'Tum Bin 2' on Sony MAX

Sony MAX, the leading Hindi movies channel from Sony Pictures Networks will be whipping up romance this January as it brings the sequel of the 2001 hit movie, ‘Tum Bin 2’ on 19th January at 8pm.

Television TV Channels Movie Channels
IRAA Awards Now accepting nominations

In its 12th consecutive year, the Indian Recording Arts Academy Awards (IRAA) 2018 will be hosted alongside the PALM Expo 2018 at the Bombay Exhibition Centre. The awards will once again recognize exceptional skills in music, soundtrack recording and mixing in Indian music for albums and movies.

Television TV Channels GECs
Network 18 PAT at Rs 114 million

Network18 Media & Investments (Network18) reported a marked improvement in its numbers for the quarter ended 31 December 2017. The consolidated revenue (net of revenue from joint ventures and associates) for the company declined marginally by 1.8 per cent year-on-year (yoy) to Rs 3660 million...

Television TV Channels News Broadcasting
Get Intriguing Insights into the human mind with 'Meet the Humans' on Sony BBC Earth

If you think human behavior is predictable, think again. In ‘Meet the Humans’, a show on Sony BBC Earth, starting January 22, at 8pm, a trio of experts led by Dr. Michael Mosely take a microscopic look at the human behavior and discover how incredibly unpredictable and complex humans are.

Television TV Channels Factual & Documentary
TV18 profits decline in third quarter

TV18 Broadcast Ltd (TV18), the subsidiary of the Mukesh Dhirubhai Ambani-controlled Network18 Media and Investments Ltd (Network 18), reported consolidated total income of Rs 10 crore for the quarter ended 31 December 2017 (Q3-18) as compared with income of Rs 23.6 crore for the corresponding year...

Television TV Channels GECs
Applause Entertainment to produce series on 2016 surgical strikes

MUMBAI: Applause Entertainment is making all the right moves.

Television Production House Non-Fiction

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories