After Europe, India where Time Warner focus is: Parsons

MUMBAI: So-called restrictive legislations or not, India is a market that no mass product company can ignore. World’s biggest media company Time Warner is no exception.

This is evident from the fact that chairman and CEO of Time Warner,Richard Parson, sees India as a priority international market after Europe for his organisation.

At a time when Asia’s biggest market China has stringent media regulations making it difficult for non-Chinese companies to operate there, liberal India is the next haven for Western business houses.

"Time Warner in the US is such a large player. Where are we going to get growth from?” Parson was quoted by as saying at an interaction with journalists at Mipcom in France on Wednesday.

According to Parson, “The first place we are going to look at is Europe. They are developed economies, established platforms, and there's an orientation towards Western content. We are focused on Europe and the emerging markets of India and China, in that order."

Though media has speculated on investments in India by Time Warner, but the company has preferred to keep a low profile.

At present, Time Warner’s biggest exposure to India is through a 26:74 joint venture with Zee Telefilms, called Zee Turner Ltd, for distribution of TV channels in India.

With over 30 channels in its bouquet, in certain markets within India Zee Turner has beaten Star and Discovery-Sony TV One Alliance in terms of subscription.

Zee Turner is targeting a turnover of Rs 4 billion by March 2007, signifying a revenue growth of 30-35 per cent compared to last financial year.

Through some of its group companies - Turner's three satellite TV channels CNN, Cartoon Network and Pogo, Warner Bros. Movies based in Mumbai, Zee Turner and also a small outfit of AOL in Bangalore - Time Warner has an
adequate presence in India.

But it would be nowhere near as lucrative or penetrative as competitor Rupert Murdoch's Star.

In 2004 when Parson came on a flying visit to India, he did indicate at a party thrown for India’s business elites that Time Warner would like to set up a business process outsourcing unit (reason not known) here also.

Presently, Time Warner is slightly worried over the fate of a court mandated ban on airing 'A' certified movies by movie channels in the Mumbai market.

The ban affects Indian and foreign film channels, including HBO in which Time Warner has interest.

Meanwhile, speaking at length about his company's plans in Europe at Mipcom, Parson did not rule out a cable acquisition in Europe.

"We all believe cable is the winner over time," Parsons was quoted in media reports as saying.

"We look at everything. It's a big issue. Cable will win in the US but maybe not outside the US since the infrastructure is not there. We look, we evaluate on price, you never know," he added.

Latest Reads
Comedy Central sets pace for ultimate celebration with over 100 hours of non-stop FRIENDS ultra marathon for its 6th birthday

Birthdays and New Years are great occasions to make resolutions for participating in marathons. However, this is one marathon which calls for hanging up your running shoes and grabbing the best spot in front of the telly with a bowl of munchies to keep you going because, for the first time ever in...

Television TV Channels English Entertainment
U Sports launches India's first ever Multi-Platform Multi-Game E-Sports Championship - U Cypher with MTV

The Indian E-Sports scenario is all set for a major revamp as U Sports, one of India’s biggest sports business companies in association with India’s No. 1 Youth Brand, MTV, announces the premiere of their all new month-long championship, U Cypher with MTV. Premiering today, on 19th January, the...

Television TV Channels Sports
TV ownership increased by 14% in 2017: IRS

After a gap of four years, the Indian Readership Survey (IRS), which documents the growth of the media industry, has been released for 2017. The survey methodology was criticised in 2014 and, therefore, was halted for an upgrade. This time, the sample size has been increased by 34 per cent to 3.2...

Television TV Channels Viewership
CNN-News18 launches 'If I Were FM Challenge'

As part of its Budget programming, CNN-News18 is launching the ‘If I were FM Challenge’. The campaign will encourage viewers to contribute their suggestions for the Union Budget. The channel will run an extensive on-air campaign to promote the same.

Television TV Channels News Broadcasting
BBC World News to Broadcast 'China's Chat Girls'

Lele Tao is an internet superstar in China’s $3 billion dollar ‘live streaming’ industry. With more than a million fans she can earn thousands of dollars a day singing, dancing, flirting, or often just chatting into her webcam. Fans buy her virtual gifts which she redeems for cash. In return she...

Television TV Channels News Broadcasting
PKL season 6 and 7 dates announced

The second most watched domestic league in India, Vivo Pro Kabaddi League owned by Mashal Sports and Star India announced the dates of sixth and seventh season.

Television TV Channels Sports
Star Bharat leads Hindi GEC (U+R) in week 2 of BARC ratings

MUMBAI: Star Bharat emerged as the leader in the Hindi GEC (U+R) genre dethroning Zee Anmol according to Broadcast Audience Research Council (BARC) all India data for week 2 of 2018.

Television TV Channels Viewership
BARC week 2: Aaj Tak leads Hindi News in all three markets

MUMBAI: Republic TV continues its leading streak in the second week of the year as well in BARC All India ratings. News Nation stays in the top five chart in week 2 of 2018 in Hindi News Rural market. Aaj Tak tops the chart again in Hindi News Urban market.

Television TV Channels Viewership
Dsport acquires India rights of tri-nation tournament in SL

Discovery’s sports channel Dsport has acquired the exclusive India broadcast rights of Nidahas Trophy 2018, a tri-nation international T20 tournament involving India, Sri Lanka and Bangladesh. The transaction was facilitated by Lagardère Sports, the global marketing consultant of Sri Lanka Cricket...

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories