Home video major consortium Asia Vision being disbanded

MUMBAI: Asia Vision, a consortium of home video majors Bombino, Indus and Time, will soon become a defunct company.


The business activities of Asia Vision will be pursued independently by the three companies. "We will be phasing out Asia Vision. We will be pursuing these interests in our individual companies," says Time Group promoter Dhiraj Shah.



Asia Vision's exclusive licensee deal with Columbia Tristar to distribute the Hollywood major's home video products in India ended on 31 July. "We have been licensee holders of Columbia Tristar for the past four years. The contract is not being renewed," says Shah.

Asia Vision has also stopped purchasing and selling cable TV rights of movies. "The cable TV business is piracy driven. We decided to get out of it. Asia Vision doesn't indulge in trading of movie rights to the cable TV industry anymore," says Shah.

A few years back, the company had sold its 49 per cent stake in Cable Video India Ltd (CVIL) to Hinduja TMT. CVIL, in which HTMT already held 51 per cent stake, owned and operated CVO, a cable Hindi movie channel.

Asia Vision has also stopped acquiring satellite and terrestrial rights to movies. A major chunk of the library has been sold to Zee Telefilms, Star India, Sahara, and Doordarshan. "We have 200-300 movies still remaining in the company. We plan to sell them and exit," says Shah. Asia Vision had major activities in trading on satellite and terrestrial rights of movies.

All these activities will be pursued individually by Time, Indus and Bombino. Time Group continues to be involved in movie production and acquisition of multiple TV rights of movies.

Asia Vision also runs commercial video copyrights under which it issues movie licenses to video parlours across the country.

Latest Reads

Indians binge watch Netflix faster than global average

India saw a massive rise in Netflix binge-watching this year. Here’s a flashback at the most intriguing streaming moments that defined the platform’s viewership in 2017.

iWorld Over The Top Services
Semi-urban connect helps FilterCopy attain top slot on Facebook

MUMBAI: It’s time to pour a nice cup of filter coffee because it’s no small feat to beat a giant like Buzzfeed. According to a report by Vidooly, FilterCopy page ranked top on Facebook with more than 71 million (71,128,760) views in new age entertainment category with 27.4 million (2,743,641)...

iWorld Social Media
RIL to plan IPO for Reliance Jio: Bloomberg

Reliance Industries Ltd (RIL) may launch the initial public offering (IPO) for Reliance Jio by late 2018 or early 2019 to further challenge the collective might of Airtel and the Idea-Vodafone combine, according to a Bloomberg report. Reliance Jio, which hasn’t made a profit since its official...

iWorld Telecom
Health & beauty YouTube's fastest growing vertical in 2017 for India

YouTube remains the top video entertainment hub – with over 225 million Indian smartphone users, using the app every month. India also reached not one, but two major YouTube milestone this year, with 200 channels now crossing the one million subscriber mark and three channels achieving 10 million...

iWorld Video On Demand
Regional content on ALTBalaji to constitute 15% of show hours

MUMBAI: The year 2017 has witnessed the phenomenal growth of regional languages, such as Tamil, Telugu, Malayalam, Gujarati, Marathi and Bengali, over Hindi and English. OTT players like ALTBalaji, Viu, Amazon, SonyLIV, Voot, Hotstar, Netflix, and YuppTV have taken a deep dive into offering...

iWorld Over The Top Services
Mastiii and PEN tie-up for win-win deal

Mastiii is all set to make a mark in the mobile app industry. The channel will soon expand its digital footprint via an exclusive content association with PEN India and will be available on its latest, Bollywood Times Mobile App, a one-stop destination for entertainment needs starting 9 December...

iWorld Over The Top Services
Focus shifts to online streaming for Eros

Mumbai: Production and distribution company Eros International no longer wants to be a film studio but a digital content company.

iWorld Video On Demand
Apple to acquire Shazam

Apple is making another big move this year. The Cupertino-based company is acquiring Shazam to bolster its music services. According to TechCrunch, Apple is all set to buy the popular music-recognition app in a nine-figure deal that could be valued around $401 million.

iWorld Over The Top Services
Green Gold, Amazon Prime put Kerala martial art on the map

MUMBAI: Green Gold Animation is rediscovering Kalaripayattu, a lost martial art form of Kerala. With the purpose to educate through entertainment, the animation studio is making an exclusive series for Amazon Prime titled Kalari Kids. The series will be launched around Christmas with 20 episodes...

iWorld Over The Top Services

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories