Television

UTV plans to own 49% in UTVi holding firm

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2017/01/18/bloomberg-utv_0.jpg?itok=nexsF5vO

MUMBAI: UTV Software Communications, an integrated media company owned 59.9 per cent by The Walt Disney Company, plans to buy a 49 per cent stake in a special purpose vehicle, which would own UTVi, the business news channel owned and founded by Ronnie Screwvala and his affiliates.

The decision follows the amendments to the foreign direct investment (FDI) guidelines in February 2009 on calculation of direct and indirect foreign shareholding in Indian companies. The changed guidelines consider investment by a company registered in India in a subsidiary as domestic shareholding as long as the company is majority owned by Indian shareholders.

Screwvala and his affiliates will own the balance 51 per cent in the Indian Special Purpose Vehicle Company as the resident Indian and founder promoter of the business news channel.

The board of UTV Software has taken an in principle decision to invest up to 49 per cent in the special purpose vehicle, the company said in a notice to the Bombay Stock Exchange. It will immediately get an independent valuation done of UTVi and have it submitted to the board within four weeks.

Screwvala had earlier told Indiantelevision.com that UTV Software would acquire a 20 per cent stake in UTVi for $10 million. "The business news channel will get funding from UTV Software Communications and the promoter group," Screwvala had said.

However, it could not be confirmed if UTVi had gone ahead with the transaction. The new FDI guidelines would allow The Walt Disney to own up to a maximum of 26 per cent in UTVi in addition to a 49 per cent stake in the special purpose vehicle.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/04/Aditya%20Pittie_0.jpg?itok=qqgBARl8
I am passionate about building businesses that have scale: Aditya Pittie

From being a young man who had to Google about downlinking and uplinking and did not know how a satellite signal works a decade ago to an entrepreneur at the helm of a media conglomerate, IN10 Media Network and Pittie Group managing director Aditya Pittie has come a long way.

Television TV Channels People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/03/zee.jpg?itok=oLeRaAYB
Zee South Cluster donates Rs 1.35 crore to daily-wage workers

MUMBAI: Zee South Cluster, part of the Zee Entertainment Enterprises Ltd, has cumulatively donated Rs 1.35 crore to support more than 1,000 pandemic-hit daily-wage workers in the television industry across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Kerala. The aid has been directly sent...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/03/go.jpg?itok=5a5TqwGa
Malaysia-based Astro woos Tamil diaspora with more HD content

Malaysia-based Astro has added more Tamil HD content on the platform including Zee Tamil HD, Star Vijay HD, Colors Tamil HD. The Chakravarthy Pack will be offering premium content to over 300,000 Tamil households in Malaysia.

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/03/delhi.jpg?itok=fyK7-BTY
TV Today Network cites tepid growth, less revenue for discontinuing Delhi Aaj Tak

Recently, TV Today Network announced that the transmission of its Hindi news channel Delhi Aaj Tak (DAT) will be discontinued from the midnight of 30 June 2020. Speculations on the reasons for the closure were rife.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/03/red.jpg?itok=HlbErxHr
Industry needs to handhold to come out of this crisis

The film and television producers are gearing up to restart shooting in the wake of guidelines issued by the Maharashtra government and the easing of lockdown restrictions. Film and TV post-production activities in Tamil Nadu, Kerala, Karnataka and Telangana have also resumed, albeit with...

Television Production House Fiction
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/02/ashok.jpg?itok=8SblLKPX
Film, TV directors' association requests Maharashtra govt for changes in shooting guidelines

MUMBAI: The Indian Film & Television Directors’ Association (IFTDA) has sent a letter to the Maharashtra government seeking the removal of certain clauses in the guidelines for resuming shooting of films, OTT shows, and television serials as they are difficult to be adhered to. Chief minister...

Television Production House Film Production
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/02/jagdish.jpg?itok=Q19phizl
  •  
The Zoom Studios announces Intertainer 2020, India’s ultimate digital hunt for the best entertainer on internet’

As India continues to practice social distancing and safety measures amidst the COVID-19 pandemic, the digital world has paved itself to be an enabler to continue with our social lives, connecting with the outside world and also serving a creative platform for many budding talents.

Television TV Channels Movie Channels
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/02/news18.jpg?itok=JOVij5lL
News18 India lines-up exclusive interview with Defence Minister on 2nd June @4PM

New Delhi: As the Modi government completes the first year of its second-term, Defence Minister Rajnath Singh will speak about the major decisions taken by the government in the last one year in an exclusive interview with News18 India.At a time when India is battling to contain the spread of COVID...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/02/asianet.jpg?itok=ednuCJtZ
Asianet starts airing popular serials

Prominent GEC in Kerala Asianet is back with some exciting entertainment for the audience. TV shoots which were stalled due to the Covid2019 outbreak have resumed following the guidelines issued by the government.

Television TV Channels Regional

Sign up for our Newsletter

subscribe for latest stories

* indicates required