MUMBAI: India is witnessing a consolidation in the distribution
business for television channels. In the latest round, TV18
Group and The Walt Disney Company are floating a joint venture
company to distribute their television channels across analogue
and digital platforms, including cable TV and direct-to-home
(DTH), in India.
TV18 and Viacom18's multi-platform, global distribution company,
will have 74 per cent stake in the JV while UGBL, a Disney
UTV firm, will hold the remaining 26 per cent.
new entity will distribute 35 channels from the TV18, Viacom18,
Disney UTV and A+E Networks, making it the second largest
distribution company in terms of bouquet of channels after
Media Pro Enterprise India.
Gandhi (IndiaCast CEO) will be the chief executive officer
of the joint venture company.
yet-to-be-named company will be responsible only for
distributing the channels in India while international operations
will be handled independently by the two companies.
will move its domestic distribution business into this new
venture, while continuing to manage its other content monetisation
businesses which include international distribution, ad sales
& content sales as well as the new media distribution
for TV18, Viacom18, A+E Networks | TV18 and Eenadu channels.
UTV will also move its domestic distribution activities for
its bouquet of all nine channels (Disney, Hungama, Disney
XD, UTV Stars, Bindass, UTV Movies, UTV Action and the newly
launched preschool channel Disney Junior) to the new entity.
joint venture will become operational post the necessary
regulatory approvals and will provide the channels to cable,
DTH and Headend-In-The-Sky (HITS) platforms in India.
Gandhi, This partnership will build a strong distribution
company that will offer a broader and more diversified range
to platforms giving us a foothold across genres - including
in general entertainment, general and business news, movies,
youth and kids genres. We have had a great first year for
IndiaCast and this JV will give our domestic distribution
business scale and wider reach.