Cable TV

Sony shakes up domestic, intl TV ops

MUMBAI: As Sony prepares to seal the deal on its $4.8 billion acquisition of MGM, Sony Pictures Entertainment (SPE) has realigned its domestic and international television operations.

This sector is expected to become more important to the studio as it seeks to mine the wealth of its vastly expanded film library of 7,500-plus titles.

The restructuring will be done under Sony Pictures Television (SPT) president Steve Mosko and Sony Pictures Television International (SPTI) president Michael Grindon. Both report to SPE chairmann and CEO Michael Lynton, and SPE Motion Picture Group chairman Amy Pascal.

Mosko will continue to lead domestic TV production and distribution for network, cable and syndication markets. He will take on the added responsibilities for domestic pay TV. Grindon will continue to lead all international distribution for network, cable, pay and on-demand markets and will direct the company's efforts in local-language TV production and international channels.

Lynton said, "By structuring our operations along these lines, it will allow both Steve and Michael to concentrate on the unique set of issues facing the TV market both here and abroad. Steve has done a tremendous job turning our domestic organisation around over the past several years. He has just signed a new three-year contract and adding pay TV to his portfolio only makes sense.

"On the international side, Michael has grown SPTI into a leader in international licensing, local language production and our worldwide TV networks, which continue to be key strategies in the company's long-range commitment to the global marketplace. Michael will also lead SPE's efforts in exploring new TV business and investment opportunities outside the US."

Sony's pay TV sales activities, including deals for pay-per-view and video-on-demand services, traditionally had been handled by the studio's international TV division. Under the realignment, domestic pay TV activities will shift to the domestic Sony Pictures Television division headed by Mosko, while international pay TV sales will remain with SPTI under the direction of Grindon.

Mosko said, "We have spent the last three years taking this company from a point at which everyone was saying that Sony was getting out of the TV business entirely to now having (pilots) at every network this year. We are continuing to be aggressive in developing original programming for cable, and we're committed to the first-run (syndication) business.

" It took time to get our house in order, but now, as the last independent studio left and with a wealth of great content, we're going to be in a leadership position in terms of where this industry is going in the next 5-10 years."

Latest Reads
Q3-16: Comcast Cable Communications division video numbers improve

BENGALURU: Comcast Corporation’s (Comcast) Cable Communications division (Comcast Cable, Cable) reported 8.8 percent increase in video revenue for the quarter ended 30 September 2016 (Q3-16, current quarter) as compared to the corresponding year ago quarter. The division reported video revenue at...

Cable TV Multi System Operators
Q2-17: Higher subscription revenue, activation fees boosts Ortel revenue

BENGALURU: The Bibhu Prasad Rath led regional cable television and broadband internet player Ortel Communications Limited (Ortel) reported 17.3 percent year-over-year (y-o-y) growth in total revenue from operations (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter). Quarter-...

Cable TV Multi System Operators
Competition regulator okays Goldman Sachs stake purchase in Den Networks

Investment banking major Goldman Sachs has received the Competition Commission's approval to increase its stake in Den Networks to over 24 per cent by acquiring additional shares through preferential allotment route.

Cable TV Multi System Operators
DAS petitions challenging constitutional provisions listed for 3 November

With the division bench taking cognisance of several cases relating the digital addressable system (DAS) Phase III which challenge constitutional provisions, the Delhi High Court will hear the DAS cases on 3 November, 2016

Cable TV DAS
MSOs finally cross 1000 as pan-India DAS deadline nears

With less than three months to go for the deadline of the final phase which will complete cable digitlization all over the country, the total number of multi-system operators has finally crossed 1000 with 774 getting provisional licences till 30 September 2016.

Cable TV Multi System Operators
Several DAS III petitions may be transferred to Division Bench of Delhi High Court

NEW DELHI: The Digital Addressable System (DAS) Phase III legal wrangle is moving on, albeit slowly and steadily.  Lawyers appearing on behalf of the multi-system cable TV operators (MSO) will inform a single-judge bench of the Delhi High Court about a large volume of cases relating to DAS III...

Cable TV DAS
Going a la carte with Star and Indiacast has helped: Bibhu Prasad Rath

Bhibu Rath heads one of the small regional cable TV players in the TV distribution business: Ortel Communications. The MSO began as a local player in the state of Odisha. But, it has since spread into neighboring states such as Chattishgarh, West Bengal, Andhra Pradesh and Telangana. In fact, it...

Cable TV Multi System Operators
Bihar govt trebles cable TV entertainment tax to Rs 50

Even as the government is working on subsuming entertainment and other incidental taxes into a goods and service tax (GST) which would be around 18 per cent, cable TV subscribers in Bihar are about to be delivered a blow to their wallets.

Cable TV Multi System Operators
DEN seeks Goldman Sachs investment nod from shareholders

MUMBAI: Leading Indian multisystem cable TV operator (MSO) DEN Networks –promoted by Sameer Manchanda- which got its board’s nod to issue another 1.58 crore shares at a price of Rs 90 per share to existing investor Goldman Sachs is now seeking shareholder approval for the same through an...

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories