Hinduja TMT to buy up 100% of CVIL

MUMBAI: As a first step towards consolidating the businesses of its media content companies, Hinduja TMT Ltd (HTMT) is acquiring 100 per cent equity control over its movie channel subsidiary Cable Video India Ltd (CVIL) by buying out the 49 per cent stake of private shareholders.

HTMT and 'InNetwork Entertainment Ltd' (InNetwork), its media holding subsidiary, jointly hold 51 per cent stake in CVIL. Asia Vision Entertainment Private Ltd (AVEPL) and its associates presently hold the balance 49 per cent. In the proposed move, InNetwork would acquire the 49 per cent of equity from AVEPL and its associates. HTMT and its subsidiary InNetwork will thus own CVIL's entire equity, a company release says.

CVIL owns and operates CVO, a Hindi movie cable channel. CVO, which was launched in 1996, has a library of over 1,600 Hindi films and is today one of the most widely viewed cable channels in India with a coverage of over 6 million households in 104 centres across the country, the release says.

The release further says that CVIL proposes to start an interactive music channel and digitize its content in order to deliver value added services like pay per view, video on demand etc under Conditional Access System regime, which is in the process of being legislated by the Indian government.

Latest Reads
Star Bharat experiments with early morning slot

Star Bharat is all set to experiment with weekend morning slot by launching a three-hour programming band from 5 August.

Television TV Channels GECs
National Geographic’s new show to tell success stories of India’s icons

National Geographic will be coming up with a unique show called Mega Icons which will see the success stories of inspiring personalities of India from different platforms.

Television TV Channels Factual & Documentary
Viacom signs deal with for small screen content

Kids’ entertainment platform has raised $15 million in a funding round led by Viacom. Under their agreement.

Television TV Channels Kids
STAR Maa announces call for entries for a brand new reality show PelliChoopulu

In continuation to give its viewers a unique and entertaining show, Star Maa the most viewed Telugu entertainment channel has announced the call for entry for its upcoming reality show PelliChoopulu.

Television TV Channels Regional
Zee Telugu announces auditions for all new season of its legendary dance reality show, Aata Juniors

Aata Juniors, one of Zee Telugu’s most sought-after reality shows is soon making a comeback to the channel and is looking for the final contestants via auditions.

Television TV Channels Regional
Sony Max pushes its way to most watched Hindi channel across genres

Sony Pictures Network India (SPN) Hindi movies channel Sony Max was ranked second in Broadcast Audience Research Council of India (BARC) weekly list of top 10 channels across genres (across genres list) for week 28 of 2018 (Saturday, 7 July 2018 to Friday, 13 July 2018, week or period under review...

Television TV Channels Viewership
Dangal TV prepares to scale up ambition with new play

When it comes to general entertainment channels (GECs), hitting the sweet spot isn’t all that easy.

Television TV Channels GECs
Comcast drops bid for 21st Century Fox assets, cedes prize to Disney

The fierce bidding war between Comcast and Disney has finally ended with the former dropping out of the race to gobble up the prized 21st Century Fox assets. Comcast will now shift its focus towards sealing the Sky deal.

Television TV Channels Movie Channels
ZEEL elevates Manish Aggarwal as business head of Zee5 India

In a recent development, Manish Aggarwal has been elevated as business head of Zee5 India, the OTT platform of Zee Entertainment Enterprise (ZEEL).

Television TV Channels People

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories