Television

Star, UTV to sign deal on Vijay TV handover Wednesday?

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2014/08/22/utv_1.jpg?itok=awHPO2VP

Star India and Ronnie Screwvala's UTV are set to formalise a deal to hand over control of the Tamil language channel Vijay TV it owns to the Rupert Murdoch-promoted company on Wednesday, industry sources say.

When contacted both Screwvala and Star India CEO would only say that nothing had been finalised as yet and that there would be a joint press conference in Chennai on Thursday explaining all issues relating to Vijay TV.

The UTV group acquired Vijay TV from the UB liquor group in 1999 for Rs 180 million. According to reports, the stock holding in Vijay TV at present is: Founder Promoters - Ronnie Screwvala & Co hold 51 per cent, News Corp 12 per cent, Warburg Pincus 6 per cent, Mitsui Japan/ILFS & IVC / International Equity Partners / United Breweries 4 per cent, other institutional investors including Schroder's, etc 2 per cent and with the public 25 per cent.

Whatever may be the current status of ownership, Star virtually runs the channel anyway with it reportedly controlling programming, content, distribution and airtime sales. Business daily Economic Times reported that Star has appointed Ajay Vidyasagar as chief operating officer to manage the channel's affairs.

Sources say that what has been delaying a formal inking of the deal till now is working out what exactly that stakeholding structure should be. Star has already put in an application with the Foreign Investment Promotion Bureau (FIPB) for Vijay TV, sources say.

According to current indications, after the papers are signed on Wednesday, Mukerjea and Screwvala will be flying down to Chennai to explain things to senior personnel at Vijay TV what exactly the new dispensation would entail. Mukerjea, however stated he was going with Screwvala to Chennai for the press conference, nothing else.

Vijay TV’s acquisition is apparently part of Star’s long-term plans to enter the regional broadcasting market. Mukerjea has at one time been quoted as saying that "expansion in the South through Vijay TV was synergetic." Interestingly, at a press conference called at the end of June to celebrate a year of Star Plus becoming a completely 24-hour Hindi channel on 3 July, Mukerjea was quite categorical that a southern foray was not on the agenda at present.

If the deal does go through as expected, it could well make things difficult for rival Zee which has announced the takeover of Asianet Bharati as well as Asianet Kaveri ahead of renaming the channels Alpha Tamil and Alpha Kannada as the southern language additions to its Alpha regional bouquet.

In Tamil Nadu, the pecking order in the channel stakes is Sun TV (way ahead), Raj TV, Vijay TV and Asianet Bharati. It is the fight for the No.2 spot that should prove interesting viewing in the coming months.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/16/img_16102021_184947_800_x_800_pixel.jpg?itok=5ArM3TSI
Disney Star India likely to exit English GEC space

Mumbai: Disney Star India is likely to phase out its English general entertainment channels Star World, Star World HD, and Star World Premiere HD, as per details in its reference interconnection offer (RIO) published on 15 October.

Television TV Channels Kids
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/16/img_16102021_162909_800_x_800_pixel.jpg?itok=VoFZWh5R
Zeel publishes new RIO for distribution platforms effective 1 Dec

Mumbai: Zee Entertainment Enterprises Ltd (Zeel) has released its new a-la-carte channel and bouquet pricing in line with the Bombay high court order dated 30 June 2021 with regard to new tariff order (NTO) 2.0. “The said pricing is being released without prejudice to Zeel’s rights and contentions...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/16/img_16102021_133927_800_x_800_pixel.jpg?itok=1flwvmRF
Cartoon Network, Pogo unveil content lineup for Oct-Nov

Mumbai: Kid’s entertainment channels Pogo and Cartoon Network have unveiled their special lineup of shows to be aired during the festive months of October and November.

Television TV Channels Kids
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/16/img_16102021_121214_800_x_800_pixel.jpg?itok=3rxGCtqr
'Sa Re Ga Ma Pa' returns with new season on Zee TV

Mumbai: Following the success of "Sa Re Ga Ma Pa Li'l Champs" last year, Zee TV has announced the return of its longest-running singing reality show, "Sa Re Ga Ma Pa," starting 16 October, every Saturday and Sunday at 9 p.m.

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/16/sony_pictures.jpg?itok=Nwu6f1H3
SPNI publishes new RIO effective from 1 December

Mumbai: Sony Pictures Networks India (SPNI) has published its new reference interconnection offer (RIO) issued under telecommunications (broadcasting and cable) services interconnection (addressable systems) regulations, 2017 for all distribution platforms. The RIO is subject to the final outcome...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/16/star-net.jpg?itok=QX0fO0pf
Disney Star India pulls 13 SD and 20 HD channels from bouquets

Mumbai: Disney and Star India network has published the new MRP of its channels as per the Tariff Order 2017 as amended and Interconnection Regulation 2017, as amended. As per the new rate card, the standard definition channels Star Plus, Star Jalsha, Maa TV, Asianet, Star Sports 1, Star Sports...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/16/t20.jpg?itok=nzOYnUX2
Inox to screen ICC Men's T20 Cricket World Cup matches live

Mumbai: Inox Leisure Ltd, has announced that it will be screening LIVE matches of the ICC Men’s T20 Cricket World Cup 2021 at its multiplexes in all major cities across the country. The 7th edition of the ICC Men’s T20 World Cup hosted by BCCI in UAE and Oman is beginning on 17 October. The Final...

Television TV Channels Sports
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/15/prb.jpg?itok=GBHvKms5
Prasar Bharati to monetise its premium and archival content

Prasar Bharati has approved a policy on monetisation of archival and premium content of All India Radio, Doordarshan and new units of the public broadcaster.

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/15/mil.jpg?itok=A_kiBjrI
The Zoom Studios announces launch of ‘The Reunion – Chal Ghar Chalein’

The Zoom Studios has announced a new season of their original show “The Reunion”. The latest season titled “The Reunion – Chal Ghar Chalein” will launch on 16 October at 12:30 p.m on The Zoom Studios YouTube channel and at 8:00 p.m on Zoom.

Television TV Channels Viewership

Sign up for our Newsletter

subscribe for latest stories

* indicates required