Television

Sony-Time Warner battle for MGM intensifies

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/05/18/sony_0.jpg?itok=fBhWP7NL

MUMBAI: The battle over the acquisition of MGM between Sony and Time Warner is heating up.

While at this point Time Warner appears to be ahead, Sony CFO Katsumi Ihara has reiterated that the company needs to buy MGM to expand its own film unit.

In an interview to Bloomberg, Ihara said that acquiring MGM would boost Sony's movie unit, giving it an expanded movie library and rights to films in development. It was in April that Sony had expressed its interest in buying MGM.

A recent report in the Wall Street Journal had stated that while Sony, Texas Pacific Group and Providence Equity Partners are negotiating to buy MGM for almost $5 billion, Time Warner has offered $4.6 billion in cash.

Another report in imdb.com said that if MGM goes to Time Warner then it will greatly facilitate the making of The Lord Of The Rings prequel The Hobbit by LOTR director Peter Jackson and Time Warner division New Line Cinema. The movie rights to The Hobbit are held currently by MGM.

This year Sony's biggest hit has been Spider-Man 2 which has earned $740 million worldwide. MGM's library consists of over 4,000 films which include the James Bond flicks. In India, MGM has a JV with Zee for the channel Zee MGM.

If the deal were to go through in favour of Sony, it would give the Japanese company a chance to increase brand recognition in the US beyond its core electronics business. Sony will then probably fold MGM into its Sony Pictures Entertainment division.

At the moment Sony's movie business accounts for less than 10 per cent of its total revenue. An MGM acquisition would no doubt change that ratio.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/23/timess.jpg?itok=d3Cj4Avk
Movies NOW, Romedy NOW and MNX celebrate Diwali with special movie line up

Mumbai: Spreading the festive cheer, Times Network's English Entertainment channels, Movies NOW, Romedy NOW and MNX, has curated special properties offering wholesome entertainment to its viewers this Diwali. Showcasing best in class English entertainment, Movies Now, Romedy Now and MNX present the...

Television TV Channels Movie Channels
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/23/nick.jpg?itok=RRnqVsIq
Nick, Sonic & Nick Jr gear up for an enthralling festive season

MUMBAI: With the festive season around the corner, Nickelodeon – India’s leading kid’s entertainment franchise is geared up for a fun filled quarter. Starting with Motu Patlu, Rudra and Shiva on Nick to Golmaal Jr, Pakdam Pakdai and Ninja Hattori on SONIC, the months ahead will see a gamut of...

Television TV Channels Kids
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/23/tlc.jpg?itok=6oLHQLb6
TLC gets ready for the wedding season with its new short format series – ‘The Bonafide Bride’

MUMBAI – Undoubtedly, one of the most exciting aspects of the entire wedding preparation process for any bride is to find the perfect look for herself. However, the process of selecting the perfect outfit is not always as fun and easy as it might seem.  There are a gazillion things running through...

Television TV Channels English Entertainment
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/23/zee_0.jpg?itok=Z-hlrwtQ
Zee Media Diwali Festival further strengthens ties between India and Mauritius

MUMBAI: Festival of Diwali holds a special significance for people not only in India but also in Mauritius, where Zee Media celebrated the festival of light with great fervour on October 19. The event, Zee Media Diwali Festival Season 2, was attended by thousands at the Bus Terminus, Quatre Bornes...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/23/chrome.jpg?itok=7ARnsagy
English movie genre becomes top gainer in Chrome DM week 42

English movie genre has become the top gainer in week 42 of Chrome Data Analytics and Media data. The genre grew by 2.40 per cent. In this genre, Warner Brothers channel gained the highest OTS with 47.2 per cent in 6 metros market.

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/23/lee.jpg?itok=01jByAWc
Sony YAY!'s consolidation plan in regional markets

As per BARC India data, Sony YAY! continues to remain in the top three positions for the past few weeks. In week 41 the channel grabbed second position with 87898 weekly impressions (000s). The channel says its extensive plan starting from Dussehra to New Year has been one of the reasons in getting...

Television TV Channels Kids
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/22/partho.jpg?itok=Fpo7yH4T
Partho Dasgupta quits BARC India; Sunil Lulla named CEO

MUMBAI: Partho Dasgupta, the first chief executive officer of BARC India, a joint industry company between broadcasters, advertisers and agencies, today announced his plan to relinquish his position and move on.

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/22/awrads.jpg?itok=ZBOxuQ8D
News18 Tamil Nadu hosts third edition of Magudam Awards

MUMBAI: News18 Tamil Nadu organised the 3rd edition of flagship initiative the 'Magudam Awards 2019’. Magudam meaning “crown” in Tamil, is an awards platform for celebrating glory of achievement and excellence. Thereby the awards is a unique platform to acknowledge and celebrate excellence in the...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/21/tamil18.jpg?itok=JimiNhKM
News18 Tamil Nadu announces the third edition of Magudam Awards

News18 Tamil Nadu is once again proud to present the 3rd edition of our flagship initiative the 'Magudam Awards 2019’. Magudam meaning “crown” in Tamil is an Awards platform for celebrating glory of achievement and excellence.

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories