Television

TV18 to increase Viacom18 stake to 51%

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2018/01/31/viacom.jpg?itok=erwX4oIY

MUMBAI: TV18 will take operational control of Viacom18 Media Pvt Ltd (Viacom18), the joint venture partners in Viacom18, TV18 Broadcast and Viacom Inc, announced today. TV18 will raise its stake to 51 per cent by acquiring 1 per cent of Viacom18’s equity from Viacom Inc for a cash consideration of Rs 127 crore (USD 20 million). The brands and content licence agreement between Viacom Inc and Viacom18 will also get extended by 10 years.

The partners believe that in the fast-evolving media and entertainment landscape in India, TV18 can drive value-addition and synergies across the multi-platform group comprising broadcast, digital, filmed and experiential entertainment and media businesses, the official release stated. Viacom continues to hold 49 per cent in Viacom18 and shares TV18’s vision for scalability and enhanced efficiency at Viacom18.

Network18 chairman Adil Zainulbhai said, “The transaction further enables our vision for Viacom18 to accentuate its focus on excellence and integration in the broadcast and digital space. The entertainment powerhouse continues to be bolstered by Viacom’s global expertise in content creation and curation, along with Network18 group and affiliates’ strength across the media and telecom value chain.”

“Viacom18 is one of the fastest growing companies in India’s dynamic media and technology sector and, as a result of this transaction, we believe it will be even better positioned for accelerated growth through closer integration and alignment with the Network 18 Group and its affiliates, including Jio,” Viacom International Media Networks CEO David Lynn said. “Viacom remains strongly committed to our Viacom18 joint venture with the Network 18 Group and we are retaining the vast majority of our ownership stake in the company. We’re delighted to extend our licencing deal with Viacom18 and see clear potential to expand it in live events and recreation, in line with our growing global presence in these lines of business.”

“We turned 10 last year and our growth journey has been exciting to say the least. None of this would have been possible without the support and commitment of both our partners. This development will allow us to leverage deeper synergies with Jio as we enter our next growth phase. As India’s youngest full-play media organisation, we remain committed to winning the hearts of our audiences across all our on-air, on-line, in-store, in-theatre and on-ground businesses and enriching the digital life of every Indian,” added Viacom18 group CEO Sudhanshu Vats.

Viacom18 started out as a broadcast business with three channels–MTV, Nickelodeon and Vh1–in 2007. Today, the broadcaster has 44 television channels across 80 countries in six languages. It has also diversified into five lines of business, spawning broadcast, digital, films, merchandise and live events. The company reported total revenue of Rs 3,040 crore in 2016-17, charting 40-fold growth in topline since inception.

Also Read:

Viacom18, DSport join hands for simulcast of Nidahas Trophy

Merger talks on the anvil once again for CBS, Viacom

Sudhanshu Vats on Viacom18's growth strategy and why data analytics is key

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/19/zere.jpg?itok=jrH-0T3l
Zee Tamil all set for Mahasangamam festival till March 2021

MUMBAI: Zee Tamil is starting off the new year with fresh and innovative content strategies across all its segments, with a number of surprises up its sleeve. The channel has planned Mahasangamam episodes across various shows, which has gained a lot of popularity and traction among audiences.

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/19/jumnzi.jpg?itok=OlChh32o
Ticket To Hollywood brings ‘Jumanji: The Next Level’ in the language of your choice

MUMBAI: In one of the biggest festive offerings on television for 2020, Zee’s newest pan-network property, ‘Ticket To Hollywood’ enthralled a whopping 29 million viewers with  the premiere of Vin Diesel’s Bloodshot across 12 channels and in ten languages. This 2021, Zee truly takes the Hollywood...

Television TV Channels English Entertainment
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/19/jy.jpg?itok=wMcy2zBD
Warner Music signs distribution deal with Sky Digital India

MUMBAI: Warner Music India has struck an exclusive distribution agreement with Punjabi music content consortium and aggregator Sky Digital India.  Distribution of Sky Digital’s repertoire outside India will be handled by ADA, Warner’s independent artist and label services division, while Warner...

Television TV Channels Music and Youth
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/19/zee_0.jpg?itok=LBQ7PKkr
Zee TV introduces new show Teri Meri Ikk Jindri

MUMBAI: Zee TV’s newest primetime show is a love story based in Amritsar - Teri Meri Ikk Jindri. It follows the lives of Mahi and Jogi, two seemingly opposite personalities whose different outlooks towards life and happiness do not come in the way of their love. Set to premiere on 27 January 2021,...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/19/zee.jpg?itok=YL6eofNE
Zee 24 Ghanta gears up for West Bengal polls coverage

NEW DELHI: Zee 24 Ghanta has announced a comprehensive programming line-up to bring “encyclopaedic coverage” of the West Bengal Assembly elections to its viewers. The robust program schedule comprises of 13 new shows spanning over 2,700 hours.  Indian Institute of Hotel Management, Macho, Asian...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/18/arnab.png?itok=qxJYTimT
Arnab Goswami slams NBA over Republic TV suspension call

New Delhi: This afternoon, National Broadcasters Association (NBA) demanded for the suspension Republic TV’s IBF membership in light of the leaked transcripts of the channel’s MD and editor-in-chief Arnab Goswami’s WhatsApp chats with former BARC CEO Partho Dasgupta. Goswami has hit back and...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/18/go.jpg?itok=ZwaDtQcw
GoQuest Media acquires global distribution rights to two Serbian dramas

NEW DELHI: Mumbai-based global entertainment content distributor GoQuest Media has inked a deal with Serbian telecom cable TV operator Telekom Srbija to get exclusive rights to two of its most popular thriller series. The deal gives GoQuest Media worldwide distribution rights to the intriguing...

Television Production House Post Production
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/18/nba.jpg?itok=3ok3I2ff
NBA demands suspension of Republic TV’s IBF membership post WhatsApp chats leak

NEW DELHI: The News Broadcasters Association (NBA) has demanded that Republic TV’s IBF membership be suspended in light of leaked transcripts of the channel’s MD & editor-in-chief Arnab Goswami’s WhatsApp chats with former BARC CEO Partho Dasgupta.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/18/bhc.jpg?itok=vWRDcBht
Republic, Times Now reports on SSR death ‘contemptuous’: Bombay HC

NEW DELHI: The Bombay high court has observed that some of the reporting done by Republic TV and Times Now against the Mumbai police in the Sushant Singh Rajput death case was “prima facie contemptuous" in nature, but refrained from passing any orders on it.  A bench of chief justice Dipankar Datta...

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories

* indicates required