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=10IOY3Vz

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/2022/05/21/mahatma-gandhi.jpg?itok=dxSIHCBz
Applause Entertainment to make a series on Mahatma Gandhi

Production house Applause Entertainment will make a series on Mahatma Gandhi. The company has bought the rights to two books by Ramachandra Guha. Actor Pratik Gandhi will play Mahatma Gandhi.

Television Production House Film Production
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/05/21/balaji-telefilms.jpg?itok=gK3rXwxr
Balaji Telefilms reported an income of Rs 119 crore for Q4 FY22

Balaji Telefilms has announced its financial results for the fourth quarter and year ended 31 March 2022. The group posted an income of Rs 119 crore for the quarter and a loss of Rs 33.3 crore.

Television Production House Film Production
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/05/21/zee.jpg?itok=acmyXI7y
Zee Theatre expands its content slate with four musical blockbusters

Mumbai: Zee Theatre brings star-studded stage productions like "The Sound of Music", "Hairspray Live!", "Peter Pan Live!" and "Billy Elliot: The Musical" to the small screen. This is the first time that four international musical blockbusters can be seen on Indian television.

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/05/21/nachiket.jpg?itok=uf8v_hMS
Nachiket Pantvaidya resigns as group CEO of Balaji Telefilms

Mumbai: Nachiket Pantvaidya has resigned as group chief executive officer of Balaji Telefilms, the company notified in a regulatory filing. This was his second stint with the company. He was appointed as group CEO in July 2021. Before rejoining Balaji Telefilms, Pantvaidya was the managing director...

Television TV Channels People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/05/20/li.jpg?itok=K7SPml0f
Punjabi Fever becomes Delhi’s favourite Radio station in no time with the highest TSL!

HT Media Network launched Punjabi Fever last year which also happens to be Delhi’s only Punjabi Radio Station – 107.2 Punjabi Fever.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/05/20/ball.jpg?itok=GQH1YVnj
Sony Sports Network to live broadcast 'Roland Garros 2022' in four languages

Mumbai: Sony Sports Network is all set to broadcast the year’s second grand slam event, the 'Roland-Garros 2022'. The tournament will be live from 22 May. For the first time in India, the audiences will get to watch the Roland Garros in a language of their choice, English, Hindi, Tamil & Telugu...

Television TV Channels Sports
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/05/20/anurag.jpg?itok=jYppcxkT
Govt policies to help media & entertainment ecosystem to generate $53 billion annually by 2025: Anurag Thakur

MUMBAI: In the next five years, India will be among the leading quality content producing nations across the globe. The government policies to help the media and entertainment ecosystem to generate $53 billion annually by 2025. There is an old rush amongst broadcasters as well as telcos to set up...

Television TV Channels People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/05/20/eros.jpg?itok=51OjCqZM
Eros Media to raise fund, board approves issue of 22.5 crore equity shares

Eros International Media has announced its plans to raise funds, a change directorate and management on Thursday. Kishore Lulla resigned as the executive director of the company.

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/05/19/disney-star.jpg?itok=4w6qX31W
Disney Star announces the launch of dedicated Odia channel

Mumbai: Disney Star has announced the launch of a dedicated Odia general entertainment channel - Star Kiran, which will premiere on 6 June. Star Kiran will be the first regional HD channel in Odisha and it will be launched in SD and HD versions. Star Kiran also marks Disney Star’s foray into the...

Television TV Channels Regional