Advertisement


Advertisement

Thread Rating:
  • 6 Vote(s) - 2.67 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Big TV to bring in Fox News, Warner Bros' channels
Advertisement
#1
MUMBAI: In a bid to introduce global channels, Reliance Big TV, the direct-to-home (DTH) arm of the Reliance ADA group, is set to ink deals with Fox, Warner Brothers and Korean Broadcasting. The company is also said to be in advanced stages of discussion with global DTH operators and some private equity investors to hive off 49% stake for Rs 8,000 crore ($1.6 billion).

The discussions with global entertainment giants form part of the DTH operator's overall strategy to increase its channel bouquet from the current 200 to 400 channels as announced by ADAG chairman Anil Ambani in September 2008.

Once the carriage agreement is inked, Big TV will introduce five global channels of Fox and one global channel each of Warner Brothers and Korean Broadcasting. The name of these channels are Fox Adventure, Fox Crime, Fox FX, Fox History, Nat Geo Music, Warners WB Movies and KBS World.

KBS is Korea's flagship public service broadcaster with two domestic terrestrial networks. Over 15 hours of programmes a day are provided with English subtitles.

On hiving off stake, officials familiar with the talks told TOI, on conditions of anonymity, that a clutch of investors have evinced interest in the stake sale. "The company has commenced the process of identifying a partner and is likely to complete the exercise by end-June. The enterprise value of Big TV is pegged around $3 billion. A 49% stake dilution can get fresh infusion of over $1.6 billion,'' a company official added.

Global majors who are believed to be in talks with Big TV include DirecTV, KKR, The Carlyle Group and Sequoia Capital. Sources said the enterprise valuation is not just based on subscription numbers and average revenue per user (ARPU), but also the overall value of the network.

The FIPB (Foreign Investment Promotion Board) norms allow up to 49% foreign equity in the DTH sector. Big TV is the only DTH company in India that has no foreign investments. All other DTH service providers operating in the country, like Tata Sky, Dish TV, Airtel's Digital TV and Sun Direct, have foreign investment of over 20%.

Tata Sky was also said to be in talks with foreign investors to offload another 10% equity to a clutch of financial investors for a consideration of Rs 1,000-1,300 crore. Earlier in February 2007, Sun TV had sold 20% equity to Malaysia's SAHEL for Rs 675 crore. Bharti Airtel's DTH operation also has over 20% foreign equity through its investing companies. Essel Group's Dish TV, the only listed company in the sector, has a market cap in the range of Rs 10,000 crore.

Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads…
Thread Author Replies Views Last Post
  DTH Updates: 12 HD channels temporarily FTA on Independent TV on Measat 3 at 91.5° East Sathish 3 1,634 10-17-2018, 12:23 PM
Last Post: Sathish
  DTH Updates: India Voice and Sahara Samay UP / UK channels added on Independent TV (RDTV) Sathish 0 833 10-10-2018, 03:07 PM
Last Post: Sathish
  DTH Updates: Reporter TV, V6 News & Aradana TV channels removed from Independent TV Sathish 0 814 10-10-2018, 03:05 PM
Last Post: Sathish
  DTH Updates: News 1 India channel added on Independent TV on channel no.423 Sathish 0 929 09-18-2018, 01:16 PM
Last Post: Sathish
  DTH Updates: Four FM Radio Channels removed from Independent TV on Measat 3/3a/3b at 91.5° East Sathish 0 814 09-15-2018, 11:36 AM
Last Post: Sathish
  DTH Updates: GOD TV, Raj TV, Prarthana TV & Maiboli channels removed from Independent TV Sathish 0 910 09-07-2018, 09:12 AM
Last Post: Sathish
  DTH Updates: Times Now, RT Movies, TV 100 News & Satsang TV channels removed from Independent TV Sathish 0 1,024 09-05-2018, 03:50 PM
Last Post: Sathish
  DTH Updates: Buland News Samachar channel EPG updated as Samachar Plus on Independent TV Sathish 0 736 09-05-2018, 09:19 AM
Last Post: Sathish
  DTH Updates: Buland News Samachar channel added on Independent TV (Reliance Digital TV) Sathish 0 786 09-03-2018, 07:11 PM
Last Post: Sathish
  DTH Updates: News World India channel got scrambled on Independent TV (Reliance Digital TV) Sathish 0 785 08-28-2018, 05:44 PM
Last Post: Sathish

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement