Television
Report on Shemaroo

Chernin visit boosts buzz that News Corp exploring film prodn. in India

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/04/27/Itv_7.jpg?itok=hUM5mKne

NEW DELHI/MUMBAI: The $ 24 billion News Corporation COO, Peter Chernin, came, saw and will be going back from India more or less satisfied.

On a short visit to India, as part of his Asia tour, Chernin arrived in Mumbai on Thursday to have a first hand look at Stars Indian ops and met up with industry representatives, including joint venture partners, and advertisers.

The News Corp No. 2 is slated to fly out of India tomorrow. He was accompanied on his India visit by Star Group CEO, Michelle Gutherie.

News pan-Asian venture ,Star, is on a strong financial wicket fuelled essentially by revenue growth from India.

According to information available with Indiantelevision.com, the News Corp top honcho, considered to be only next to chairman, Rupert Murdoch, in the company, yesterday exchanged notes with some top Indian film producers too.

Its reported that Chernin met up with top people from Balaji, Stars content partner, yesterday. Star holds 26 per cent stake in the production company that has given the network the bulk of its television hits.

Though Star is tightlipped on such meetings, industry observers indicated that the meeting with film producers is certainly interesting; indicating that News Corp company ,20th Century Fox, might explore getting into movie production in India, either independently or in association with local companies.

20th Century Fox, producers of blockbusters like Independence Day and Titanic, which shuttered its distribution arm in India early this year, had previously never forayed into film production here.

"During the quarter, we launched and heavily promoted a new weekend lineup on Star Plus, including several new and higher costing shows, News Corps chief financial officer, David DeVoe, was quoted by MPA as saying.Ratings from KBC2 have been very strong, giving us the confidence that Star will deliver sizable profit growth for this fiscal year (FY ending June 2006),"he added.

News Corps Q1 FY 2006 (September 2006 quarter) earnings, reported 11 November, has shown 19 per cent Y/Y growth in operating income to $ 909 million, driven by reduced losses at satellite pay TV platform Sky Italia and continued growth from the companys film and cable businesses, including India.News Corporation had total assets as of approximately $ 55 billion and total annual revenues of approximately $ 24 billion 30 June, 2005.

Star Groups turnover for the period grew by 22 per cent Y/Y, driven primarily by advertising revenue at Star Plus and by higher subscription revenues from new channel offerings in India and international distribution of several Star channels, the Hong Kong-based Media Partners Asia has stated in its latest newsletter.

Other joint venture partners of News Corp in India include the Kolkata-based ABP group, controlled by the Sarkar family, and the Tatas, with whom theres a JV for a proposed DTH service in India.

News Corporation is a diversified international media and entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/06/11/sun_tv.jpg?itok=fXtsNZPR
Sun TV clocks net profit growth of 11 %

Television broadcast major Sun TV Network Ltd on Friday said it closed last fiscal with 11 per cent growth net profit of about Rs 1,520.41 crore on reduced revenue.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/06/10/vik.jpg?itok=5eFPrtPy
Viacom18 ropes in Vivek Mohan Sharma to head branded content

New Delhi: Viacom18 on Thursday announced the appointment of Vivek Mohan Sharma as head of Branded Content. He will be reporting to head- Network Sales, Mahesh Shetty.

Television TV Channels People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/06/10/photogrid_plus_1623317456911.jpg?itok=nyoyMNes
Juggernaut Productions all set to begin work on its first international mini-series

New Delhi: Taking a strategic step towards international partnerships, IN10 Media Network’s production arm, Juggernaut Productions has joined hands with the UK based Nucleus Media Rights, a fast-growing television production and distribution company, and creator Brendan Foley, for the international...

Television Production House Post Production
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/06/10/photogrid_plus_1623313127999.jpg?itok=rkHl7HH9
SPN's Go-Beyond podcast endeavours to inspire and entertain

New Delhi: After becoming one of the first major broadcast companies to enter the audio streaming business, Sony Pictures Networks India continues to bring insightful stories of experienced minds from across different walks of life through its podcast service.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/06/10/photogrid_plus_1623308250265.jpg?itok=Q7t4-wqi
Melissa Lim to lead kids’ content acquisitions at WarnerMedia

KOLKATA: WarnerMedia has appointed Melissa Lim as the new head of content acquisitions and co-productions for its kids' networks in Asia Pacific, which include POGO, Cartoon Network and Boomerang. She will also advise on licensing content to fuel the growing slate of kids and family programming on...

Television TV Channels Kids
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/06/10/covid.jpg?itok=cQyDmC54
Get a jab, industry urges staff, workers as it resumes operations

With the second wave of the pandemic beginning to show signs of a slowdown, organisations across the country are gearing up to welcome their employees back to the office. But with the threat of a third wave looming large, they are taking no chances and making arrangements for their employees to get...

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/06/10/tenn.jpg?itok=1zb0fLsv
PE firm CVC Capital proposes to buy out ATP, WTA tennis tours

Changes may be afoot as far as broadcasting rights of professional male and female tennis calendars are concerned if reports emerging over the past two days are to be believed. Sky News first reported that Luxembourg headquartered private equity firm CVC Capital Partners is in unconfirmed talks...

Television TV Channels Sports
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/06/10/as.jpg?itok=PvJb4Eip
How television can increase time spent viewing with interactivity

With streaming video services like Netflix, Amazon, Disney+Hotstar, and Zee5 grabbing a majority of the headlines, and becoming the flavor of the moment, many believe that linear television in India is losing its moxie.

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/06/08/nbc.jpg?itok=MJMVV1Mr
NBCUniversal to telecast Tokyo Olympics across eight networks

NBCUniversal will telecast 7,000 hours of the upcoming Tokyo Olympics across eight digital networks and multiple digital platforms. The telecast will begin on 20 June and will run through 8 August. 

Television TV Channels Sports

Sign up for our Newsletter

subscribe for latest stories

* indicates required