UTV,
along with promoter Ronnie Screwvala, already runs
a Hindi kids channel, Hungama TV. United Home Entertainment
is the company that owns and operates Hungama TV.
The
talks between UTV and Sun Network are, however, at
a preliminary stage, sources say. "Nothing has
been finalised and the talks are still inconclusive.
UTV wants to launch kids' channels in Tamil and Telugu
languages," a source added.
When
contacted, Screwvala said the company was in talks
with more than one company. "It is too premature
at this stage to talk of anything definite,"
he added, refusing to divulge the name of any single
company he was in negotiations with.
Hungama
TV is also in talks for roping in an overseas strategic
investor. The channel is distributed by Star India
as part of its bouquet which includes the two Walt
Disney channels and Star One.
The
extension of the Hungama TV business is reflected
in the joint venture deal with Malaysia's Astro All
Asia Network for setting up kids channels in Malaysia,
Indonesia, Brunei and later Singapore. UTV will have
the option to invest up to 20 per cent stake in the
joint venture company within three years.
The
capital employed in Hungama TV is Rs 600 million with
UTV having pumped in Rs 430 million so far.
Sun
Network, a dominant player in the south, which has
channels in the general entertainment, movies and
music space, does not operate any kids channel. Disney
is the only player to have kids' channels with dubbed
versions in Tamil and Telugu languages. There is no
dedicated Malayalam language kids channel.
Also
Read:
Hungama
TV in talks for a strategic investor