NBC makes strategic investment into NDTV in the media market of 1B + Population
By Azam on May 28, 2008
NBC paid 150M for a 26% stake in New Delhi Television Networks entering further into the Indian market. NDTV filed with BSE related to subscription for shares amounting to 638 crores (150M USD) for an indirect stake of 26% in NDTV Networks. NBC also has an option for 2 years to increase stake at fair market value in the holding company up to 50%.
The NDTV - NBCU strategic partnership in the Networks businesses is a coming together of two leading professional media organizations with similar ethics and goals and promises to be a major force in the media scene in India and beyond, the filing said
NDTV Networks, is the holding company for NDTV’s entertainment and lifestyle channels, digital media and other interests, including media products and services. NDTV Ltd, founded in 1988, is one of India’s largest news and infotainment network. NDTV has an successfully launched three news channels in India and two abroad: NDTV 24×7 is a clear leader in the English news segment, NDTV Profit, a 24-hour business plus channel, and NDTV India is amongst the country’s leading and popular Hindi programs and news channels. It is credited with pioneering several broadcasting and programming initiatives in Indian television and has expanded into one of the nation’s biggest broadcasting houses by growing beyond news broadcasting and venturing into new areas outside of news.
NBC Universal is one of the world’s leading media and entertainment firms in the development, production, and marketing of entertainment, news, and information to a global audience. Formed in May 2004 through the combining of NBC and Vivendi Universal Entertainment, NBC Universal owns and operates a valuable portfolio of news and entertainment networks, a premier motion picture company, significant television production operations, a leading television stations group, and world-renowned theme parks. NBC Universal is 80% owned by General Electric and 20% owned by Vivendi.
Categories : IndiaTags : Indian Media, NBC, NBC Universal, NDTV