Cable TV

Viacom to sell Paramount Pictures’ DreamWorks film library for $900 million

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/08/08/Untitled-1_16.jpg?itok=WvfT9a-G

MUMBAI: Soros Strategic Partners LP and Dune Entertainment II LLC, an affiliate of Dune Capital Management LP, have signed a definitive agreement with Viacom Inc. to purchase the film library of Paramount Pictures’ DreamWorks LLC for $900 million.

The library sale, subject to customary closing conditions, is expected to close in April. The transaction completes the second stage of the DreamWorks acquisition. After the conversion of certain commercial agreements from debt to advances, Viacom expects a net purchase price for DreamWorks of approximately $600 million.

Under the terms of the library transaction Soros and Dune will acquire all 59 DreamWorks live action films released through 15 September 2005. Soros will enter into an exclusive five-year agreement with Paramount to distribute the library.

Viacom will retain ownership of music publishing and certain other ancillary and derivative rights associated with the library including sequel and merchandising rights. In addition, Viacom will retain a minority interest in the entity holding the library assets.

Viacom has retained certain rights to reacquire the library and Soros and Dune have the right to sell the library to Viacom, beginning at the end of the fifth year, at the then current fair market value. Additionally, the parties have certain rights to acquire the other’s interest in the library at fair market value at any time upon the triggering of certain events. In the event that Soros continues to own the library after the fifth year, the distribution agreement with Paramount will automatically renew.

"After a thorough process that resulted in great interest for the DreamWorks film library, we’re pleased to have reached an agreement with Soros and Dune that has outstanding terms for all parties and is well within our expected sales price range. By significantly reducing our capital investment, this transaction materially increases our expected return on invested capital for the DreamWorks acquisition. Additionally, we retain all the strategic and operational benefits of the combination," said Viacom executive vice president and chief financial officer Michael Dolan.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/Cable.jpg?itok=jQO-GCh5
Rohtak Cable DAS III extension case dismissed; eight posted for 7 Dec

NEW DELHI: While the case by Rohtak Cable Operators’ Association challenging the deadline set for Phase III of digital addressable systems (DAS) was dismissed, the Delhi High Court today directed that it would hear the other cases on 7 December 2016.

Cable TV DAS
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/01/cable-wire.jpg?itok=rkADl4vM
MIB's digital deadline dilemma: to relax or not

NEW DELHI: India’s ongoing cable digitalisation, plagued by court cases resulting in roll-out delays, may have just got entangled with the short to medium-term inconveniences caused by demonetisation of high-value currency notes signalling likely further delays. The ministry of  information and...

Cable TV DAS
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/01/NXT%20Digital.jpg?itok=a8r_rk6_
IMCL: Hinduja Ventures divests minority stake

MUMBAI: MSO company IndusInd Media and Communications Limited (IMCL)’s parent Hinduja Ventured Ltd. (HVL) has sold 0.13 equity stake in the company to a non-Hinduja Group company for Rs. 46.6 million (Rs. 4.66 crore). The buying company bought into the MSO at a price of Rs. 466 per share based on...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/26/Rajan%20Gupta.jpg?itok=oFRRxKbc
Hathway Q2-17 revenue and EBIDTA up; adds 1 lakh broadband subs

BENGALURU: Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) reported 18.8 per cent growth in Total Income from operations (TIO) and 11.9 percent growth in operating profits (EBIDTA) for the quarter ended 30 September 2016 (Q2-17, current quarter). The company reported...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/25/jagdish-kumar-800x800.jpg?itok=SC_g2FGJ
Jagdish Kumar Pillai quits Hathway; Rajan Gupta appointed as MD

Hathway Cable and Datacom Limited has accepted the resignation of MD and CEO Jagdish Kumar Pillai.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/23/VD%20Wadhwa.jpg?itok=8S_qvm4t
Siti Q2-17 numbers up on higher restated subscription revenues

BENGALURU: The Subhash Chandra led Siti Networks Limited (Siti) formerly known as Siti Cable Network Limited, reported 23.6 percent and 2.9 percent year-over-year (y-o-y) growth in operating revenue and EBIDTA including other income for the quarter ended 30 September 2106 (Q2-17, current quarter...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/21/Atul-saraf-800x800.jpg?itok=SqcEWufE
Cable operators seek exemption in entertainment at par with fuel & medical services

MUMBAI: Although demonetisation of high-demonination currency is largely seen as a boon for a thriving economy marred by a legacy of unaccounted money and corruption, it is a proving to be a bane for the common man. The only basic entertainment that a layman has access to is television which is...

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/18/DAS3-800x800.jpg?itok=2ygLmrP2
DAS Phase IV pace slack; MIB to meet Indian STB makers

A miniscule percentage of set-top boxes have been seeded in DAS Phase IV after August 2016 as compared to those seeded earlier in four phases when six weeks are left for the deadline for switching off analogue signals is reached.

Cable TV DAS
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/18/TV-remote.jpg?itok=ZCq_f6Lv
Cable TV distribution to get fillip from demonetisation

MUMBAI: The cable television distribution business, a section of which has been infamous for dealings in unaccounted money, will have to upgrade addressability in the backdrop of the decision to demonetise higher value currency. It is estimated that the analog subscriber base will come down by 37%...

Cable TV DAS

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories