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

Reliance Jio adds 27.9 mn subs in Q3; GigaFiber marks entry in 1400 cities

Mukesh Dhirubhai Ambani’s juggernaut Reliance Industries Ltd (RIL) reported 50.7 percent growth in gross revenue for the quarter ended 31 December 2018 (Q3 2019, quarter or period under review) as compared to the corresponding year ago quarter. The company’s operating result was 25.4 percent higher...

iWorld Broadband
Netflix adds 8.8 million paid subs in Q4; stock falls as spending weighs on profits

Netflix in its Q4 earnings beat Wall Street expectation in terms of international subscriber growth but the same in its domestic market remains tepid. For the quarter, the online video platform reported 1.5 million domestic subscriber addition and 7.3 million new subscribers internationally.

iWorld Over The Top Services
Netflix releases the trailer for Soni

Netflix today launched the trailer for the critically acclaimed film Soni, will launch on the service in 190 countries on January 18, 2019.

iWorld Over The Top Services
Netflix raises US prices for the first time since 2017

Is Netflix feeling the heat of well-funded competitors? The king of OTT platforms is increasing its US prices for the first time since 2017.

iWorld Over The Top Services
Amazon Prime Music introduces innovative Hands Free Feature to enjoy music using voice on its mobile app

Amazon Prime Music further deepens its focus on innovative voice features with the introduction of Hands Free feature that enables listeners an effortless, lean-back music listening experience on their Amazon Prime Music mobile app.

iWorld Over The Top Services
ZEE5 maintains momentum with 56.3 mn MAU in third quarter

Media conglomerate Zee Entertainment Enterprises Limited (ZEEL) on Tuesday published its third quarter financial results with its OTT ZEE5 demonstrating continued growth.

iWorld Over The Top Services
Amazon Prime Video drops the full title track of upcoming Prime Original Series Four More Shots Please!

There’s a new anthem for friendship and female bonding in town and Four More Shots Please! is the clarion call! Amazon Prime Video, today dropped the entire title track of Four More Shots Please! Releasing shortly after the no-holds-barred trailer, this title track reinforces the theme of the show...

iWorld Over The Top Services
ZEE5 bridges boundaries to #ShareTheLove with Pakistan, Bangladesh

Three months after its soft launch across 190+ countries, digital entertainment platform ZEE5 is now zooming in on specific priority markets.

iWorld Over The Top Services
Star India's ambitious foray into content with Hotstar Specials

Star India, the nation’s storyteller and its most innovative content company across TV, Films & Sports, is ready with its next big leap in content on the back of its OTT, Hotstar.

iWorld Over The Top Services

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories