MxMIndia

Category: TV

  • Superstars Mohan Lal and Mammootty also honoured the King Khan for his outstanding contributions to the Indian film industry

    Mollywood honours King Khan at Ujala-Asianet Film Awards

    By A Correspondent

     

    The 14th Ujala-Asianet Film Awards 2012 took place recently in a glittering function held at theFestivalCity,Dubai, with almost 25,000-strong crowds gathered to witness the action. Several prominent persons from the film industry and socio-cultural spheres were present on the occasion.

     

    Asianet Managing Director K Madhavan presented the Millennium Actor award to Shahrukh Khan, the King Khan of Indian cinema. Mollywood superstars Mohan Lal and Mammootty also honoured the King Khan for his outstanding contributions to the Indian film industry.

     

    The event was attended by stars from South Indian film industry and had colourful performances by leading Malayalam artistes along with stars from Tollywood and Bollywood. Dhanush, Asin, Vidya Balan, Dilip, Madhavan, K B Ganesh Kumar, Kalabhavan Mani, Jagathi Sreekumar, Jagadheesh, Nedumudi Venu, Maniyan Pillai Raju, Lakshmi Gopalaswami, , Archana Kavi, Sibi Malayil, Siyad Kokker, Menaka , and Suresh Kumar were among the stars who attended the function.

     

    Pranayam won the award for the best film, which was accepted by the producer Sajeev and director Blessy. Ranjith won the award for the best director for Indian Rupee. Mammootty was honoured as the Cultural Icon of Kerala for his outstanding contributions in various fields. Mohan Lal won the best actor award for his role in Pranayam and Kavya Madhavan won for the best actress for Gadhama & Bhakthajanangalude Sradakku.

     

    Other winners include Asin ( Pride of Kerala in Bollywood), Vidya Balan & Madhavan (Asianet Golden Star), Dhanush (Popular Tamil Actor), Kunchako Boban (Youth Icon of the Year), Innocent (best Supporting Actor), K P A C Lalitha (best supporting actress), Siddique (best villain), Suraj Venjaramoodu (best actor in a comic role), M Jayachandran (music director), Hariharan (playback singer- male), Shreya Ghoshal (playback singer-female).

     

    Asianet will telecast Ujala Asianet Film Awards 2012 on January 21 and January 22 at 6.30PM.

  • Wins awards for Mildred Pierce, Game of Thrones and Enlightened at the 69th Golden Globes.

    HBO wins 3 Golden Globes

    By A Correspondent

     

    HBO recorded three wins at the 69th Annual Golden Globe Awards for Mildred Pierce, Game of Thrones and Enlightened. The award ceremony took place on January 15 in Los Angeles.

     

    Kate Winslet won a Golden Globe for Best Performance by an Actress in a Mini-Series or Motion Picture Made for Television for Mildred Pierce. Mildred Pierce is the story of a proud single mother struggling to earn her daughter’s love during the Great Depression in middle-classLos Angeles. The five-part miniseries, produced in association with MGM and directed by Oscar nominee Todd Haynes, was adapted from the story by James M Cain’s 1941 novel of the same name.

     

    Peter Dinklage won Best Performance by an Actor in a Supporting Role in a Series, Mini-Series or Motion Picture Made for Television for Game of Thrones. This epic HBO Original fantasy series is based on George R.R. Martin’s best-selling ‘A Song of Ice and Fire’ books. It traces the struggle for the Iron Throne where kings and queens, knights and renegades, liars, lords and honest men… all will play the Game of Thrones.

     

    Both Mildred Pierce and Game of Thrones premiered in 2011 on HBO India.

    Laura Dern won Best Performance by an Actress in a Television Series for her turn as Amy, a self-destructive health and beauty executive who has a very public workplace meltdown in Enlightened. The series is an offbeat HBO Original Series which follows Laura Dern’s Amy as she navigates an unconventional path between who she is, who she wants to be… and what everyone is willing to tolerate from her.

     

    HBO was launched in South Asia in September 2000, as a 24-hour English language movie channel.  HBO is the only English movie channel to feature cutting-edge award-winning original productions year on year. In 2011, HBO has won 19 Primetime Emmy awards already, which is maximum for any network.

     

  • The ranking of the best launches of fiction and non-fiction Hindi GEC shows has been derived from Ormax Media's awareness tracking tool Showbuzz.

    Colors dominates Ormax Media’s list of most effective launch campaigns in 2011

    By A Correspondent

     

    Colors delivered the best fiction launch campaigns in 2011 across Hindi GECs, while Kaun Banega Crorepati (KBC) on Sony was the top non-fiction launch campaign of the year, according to Ormax Media.

     

    The ranking of the best launches of fiction and non-fiction Hindi GEC shows has been derived from Ormax Media’s awareness tracking tool Showbuzz, which measures the awareness levels of new shows across various Hindi GEC channels. This ranking is a measure of the effectiveness of the campaign, irrespective of how the content fared thereafter.

     

    In the fiction shows ranking, Colors controls the top three positions and a total of four spots in the top 10. Listed below are the top 10 fiction launch campaigns of 2011:

    Rank Program Channel
    1 Phulwa Colors
    2 Mukti Bandhan Colors
    3 Sasural Simar Ka Colors
    4 Parvarish Sony
    5 Diya Aur Baati Hum Star Plus
    6 Parichay Colors
    7 Kuch Toh Log Kahenge Sony
    8 Hitler Didi Zee TV
    9 Mahadev Life OK
    10 Dharam Patni Imagine TV

     

    In the non-fiction list, Sony has three shows in the top 10, including KBC at the top spot. Bigg Boss Season 5 (Colors) is a close competitor to KBC, in terms of their launch impact. Listed below are the top 10 non-fiction launches of 2011:

    Rank Program Channel
    1 Kaun Banega Crorepati Sony
    2 Bigg Boss Colors
    3 Zor Ka Jhatka Imagine TV
    4 Sach Ka Saamna Life OK
    5 X-Factor India Sony
    6 Khatron Ke Khiladi Colors
    7 Ratan Ka Rishta Imagine TV
    8 Just Dance Star Plus
    9 Maa Exchange Sony
    10 Wife Bina Life Star Plus

     

    Research and consulting firm Ormax Media (www.ormaxmedia.com) specializes in the media and entertainment industry, working with India’s leading broadcasters, film producers, radio networks, print publications, media agencies and DTH service providers in the areas of qualitative research, quantitative research and consulting.

     

    Ormax Media is also the owner of 19 proprietary research products that are being used widely across the media industry. Set up in 2008 by Vispy Doctor and Shailesh Kapoor, the company partners with 81 leading media brands.

     

  • As a part of this arrangement, Reebok has designed a customized range of DID dance gear and will retail it in nearly 100 outlets across the country

    DID announces tie-up with Reebok

    By A Correspondent

     

    After nearly three months of anxiety and sleepless nights, the aspirants of Dance India Dance’s ‘Sunehri Taqdeer ki Topi’ have left the gruelling audition process behind.

    All those hours of sweating and stretching will be now rewarded with a chance to be on the coveted stage as a part of Dance India Dance’s (DID) Adbhut 18 and dazzle the viewers with breathtaking performances.

     

    The Masters, Remo D’Souza, Geeta Kapoor and Terence Lewis announced the names of Adbhut 18 inDelhi, who have secured their places in ‘Remo Ke Rangeeley’, ‘Geeta Ki Gang’ and ‘Terence Ki Toli’.

     

    Mr. Ashish Golwalkar, Non Fiction Head, Zee TV said: “This is a momentous occasion for us. After weeks of contemplation and deliberation, we have finally chosen our ‘Adbhut 18’contestants. The contestants were handpicked on the basis of their skill, innovative presentation, versatility and ‘never give up’ attitude. Zee, as a channel, takes immense pride in the fact that dance has boomed in popularity inIndiabecause of a show like Dance India Dance.”

     

    This moment is also significant as DID has announced its tie-up with sportswear giant Reebok. Over the years, Dance India Dance has become a trend setter in the genre. Continuing with the tradition of exploring differentiated marketing on DID; this season the channel has ventured into unexplored territory – a revenue sharing and licensing deal with Reebok.

     

    Regarding the licensing and merchandising deal with Reebok, Mr Akash Chawla, Head-Marketing, National Channels, ZEEL said: “DID stands for great quality of dancing and extreme rigor. DID has always been a progressive brand which has been an aspiration to many. Taking this forward, this season we have ventured into a licensing contract with Reebok. This is a first at Zee TV that a costume range will be unveiled. As a part of this arrangement, Reebok has designed a customized range of DID dance gear and will retail it in nearly 100 outlets across the country. This will help us to extend our brands into new product categories, and will also help increase the popularity of the brand.”

     

    Mr. Sajid Shamim, Brand Director, Reebok said: “At Reebok, we have always focused our efforts on creating products that bring elements of life, sport and style together. Through this association with ‘Dance India Dance’, we are celebrating fitness through the medium of dance, which at its core is fun and enjoyable. The Dance India Dance collection has taken its inspiration from the various forms of dance. Comprising of graphic t-shirts in vibrant and bright colours, this collection celebrates the spirit of dance.”

     

    The Reebok and Dance India Dance Apparel Collection brings together dance and fashion with daily wear, value-added design elements. Graphic T-shirts and hoodies for men, with ‘Born to Dance’ and ‘Live Love Dance’ written in bright neon colours have specially been made keeping in mind dance enthusiasts across the country. The women’s has a ‘DID – Born to Dance’ racer back and flick pant for all the hardcore dancers. Graphic t-shirts complete the “Fit for the street” Dance Inspired Streetwear collection.

     

    Both Zee and Reebok feel that this synergy between dance lovers and sports lovers will surely work wonders for both the brands.

  • History TV18 is the first international channel to launch in Gujarati

    Saaru chhe! History channel now in Gujarati

    By A Correspondent

     

    History TV18,India’s number one factual entertainment channel, announced the launch of its Gujarati feed. The viewers ofGujaratwill now be able to watch their favourite channel in their preferred language – Gujarati.

     

    History TV18 is the first international channel to launch in Gujarati. With this launch, it is also the only factual entertainment channel to be available in seven languages – Gujarati, Bengali, Tamil, Telugu, Marathi, Hindi and English. All the programmes and the fixed program chart (FPC) schedule will remain identical in all the language feeds.

     

    Viewers using digital platforms will be able to choose their preferred language through their remote controls.

     

    Speaking on the launch, Ajay Chacko, President, A+E Networks I TV18 said: “Our objective is to grow the genre and make it a relatively mainstream alternative for viewers in the near future. With this objective in mind, we intend to make the channel available in every Indian language possible and entertain audiences all acrossIndia.”

     

    Sudheer KG, V P Programming, A+E Networks | TV18 JV said: “As Indian audiences mature and seek out more international content in their own languages, there is no better time than now to launch our Gujarati feed. The incredible level of aspirations of people speaking that language and a large youth population make it all the more appealing and lucrative. We have taken care to ensure that the translation retains a certain local flavour, making the channel more accessible and relatable.”

     

    Gujarat is an important market for factual entertainment after Mumbai andDelhias it contributes as much as 7 per cent to the genre in 1 Mn+ towns. Ever since its launch History TV18 has been a strong player inGujaratwith the highest viewership in 0.1-1Mn market cluster and also highest time spent per viewer in 1Mn+ market cluster. Through this initiative the channel hopes to strengthen its position even more.

     

    History TV18 emerged as the number 1 channel in 6 metros in factual entertainment within months of its launch. The channel has in the process expanded the genre by 55 per cent, drawing in the highest time spent per viewer in the genre. It is the first in a bouquet of factual entertainment channels to be launched by A+E Networks I TV18.

     

  • The report has captured the gender and the age profiling of the remote in-charge for different one-hour slots, from 7pm to 11pm, on both weekdays and weekends.

    Who controls the remote? Ormax Media study released

    By A Correspondent

     

    Ormax Media has released a report on understanding the remote control dynamics in single TV households inIndiacalled ‘And The Remote Goes To…’

     

    This large scale syndicated study was conducted across 7 cities – Mumbai, Delhi, Ahmedabad, Indore, Lucknow, Jalandhar and Hyderabad – and with 5,547 regular prime time television viewers as respondents.

     

    The study aimed to answer the question that has obsessed the television industry: “Who controls the remote at different times?” The report has captured the gender and the age profiling of the remote in-charge for different one-hour slots, from 7pm to 11pm, on both weekdays and weekends. It has also captured the differences in the profile of the remote in-charge by markets, SEC and family size.

     

    Speaking about the study, Shailesh Kapoor, CEO, Ormax Media said: “One of the limitations of television ratings is that they don’t tell us who the decision maker is. Marketing is about talking to decision makers and influencers, not the actual consumers. In television, this reality is even more pertinent, given the nature of TV viewing inIndia– single TV households where the entire family watches TV together. In such a scenario, whom should you be talking to? A man or a woman or

    both? The youth, the newly married, the middle-aged, or all of them? What is the best time and day to attract each of these segments? This study has answered several such relevant but under-rated questions.”

     

    The report is available to broadcasters, media agencies and advertisers for a one-time subscription cost of Rs40,000. Mr Kapoor said: “This study was done to share useful data across the industry. Hence, we have priced it in a way that the entire television and media fraternity, including the smaller channels and advertisers, can use it for better understanding of their audiences.”

     

    Ormax Media isIndia’s first and only research and consulting firm specializing in the media & entertainment industry. It is also the owner of 19 proprietary research products that are being used widely across the media industry. Setup in 2008 by Vispy Doctor and Shailesh Kapoor, the company partners with 81 leading media brands, including Star India, Viacom 18, Multi Screen Media, Zee Network, Viacom 18, Times Television, Disney, Yash Raj Films, Group M, Radio City, Eros and many others.

     

  • Colors, MTV and Big Boss are the most watched on Zenga TV, pioneer in mobile TV.

    Mobile TV breaks viewership records in 2011

    By A Correspondent

     

    Zenga TV, a pioneer in mobile TV, on January 9, announced that live and video on demand mobile TV has set new viewership records in 2011. Zenga TV achieved 421 million video views across different channels compared to less than 150 million video views in 2010.

     

    Top 10 Mobile TV Live channels on Zenga TV Top 10 Video on Demand content on Zenga TV
    1. Colors 1. Big Boss
    2. MTV 2. Big Boss Uncut
    3. UTV movies 3. Roadies
    4. AajTak 4. Uttaran
    5. UTV Bindaas 5. Splits Vile
    6. NDTV Good Times 6. Khatron ke khiladi
    7. CNN IBN 7. Stunt Mania
    8. Headlines Today 8. FTV La finnesse
    9. 9xm 9. Bakwas band kar of 9XM
    10. E24 10. Pankaj Avasti

     

    Shabiir Momiin, CEO, Zenga TV, said, “The phenomenal following that Zenga TV content, ranging from mobile TV, video on demand and even the latest launch Web TV, has garnered is truly inspiring. I would like to congratulate our channel and content partners and advertisers for showing faith in this new platform and encouraging our growth for a truly rewarding partnership. To thank our loyal viewers who have made this success possible, I would like to promise them even more compelling content and service in 2012. I would also like to extend my special thanks to content partners, especially Viacom 18, for their support.”

     

    Highlighting the ingredients for success, Vikramjiet Roy, Director, Zenga TV, said, “Our focus on delivering the best quality streaming and optimal content presentation and pricing was the key to this growth in viewership. The Zenga TV team worked non-stop to make sure that a glitch free service was constantly delivered and I thank them for this unrelenting effort.”

     

    Zenga TV is one of the leading providers of TV services for live TV channels, other entertainment, reality shows and news content optimized for viewing on mobile and web screens. Zenga also delivered the Live IPL in 2010 on YouTube, which was again the first time for IPL on web. Zenga holds the exclusive rights to Viacom 18 channels like Colors and MTV which has a strong following in India. Zenga has done many live, unique and exclusive events like Sunburn from Goa and Crunch for MTV which was a Live 24 x 7 reality shows on web and mobile.

     

  • Continues to dominate the genre for the fourth consecutive year.

    Times Now tops English news channel genre once again

    By A Correspondent

     

    Times Now,India’s No.1 English news channel maintained its stronghold on the English news genre for the fourth consecutive year. The channel has yet again reinforced its leadership position, dominating the genre with its unmatched news, views and analysis.

     

    Times Now lead the genre with a channel share of 33 per cent (TAM: All India 1mn+; CS Male AB 25+ years; All day, 24 hrs; 2011 data till week 53), whereas CNN-IBN and NDTV 24×7 garnered 28 per cent and 19 per cent respectively.

     

    The channel continues to provide sharp, precise and comprehensive news. With a viewership of 2.3 million, Times Now has emerged as the trusted voice of the people.

     

    Enjoying prime time viewership, Times Now garnered a channel share of 34 per cent (Prime Time: 19.00 – 23.30; TAM: All India 1mn+; CS Male 25+ AB; All days, 24 hours; Week 1 to Week 53 ’11) as against CNN-IBN and NDTV 24X7 with 30 per cent and 20 per cent respectively.

     

    The Newshour anchored by Arnab Goswami is the most watched English news show. Garnering a share of 42 per cent with the genre (All India 1mn+; CS Male 25+ AB; Week 1 to Week 53 ’11), The Newshour enjoyed an immense viewership as against 28 per cent and 17 per cent by CNN-IBN and NDTV 24×7 respectively.

     

    By capturing pertinent news like the uninterrupted live coverage of the Anna Hazare movement or breaking the story on the infant deaths inWest Bengalor even bringing a bird’s eye view of the action during the Parliament’s winter session, the channel has been relentless in highlighting issues and debating key developments that impact the nation at large.

     

    Times Now has set itself apart as a strong news brand that delivers relevant, insightful and an unbiased reportage of news inIndiaand around the world.

     

    Times Television Network informs and entertains over 100 million urban affluent audiences acrossIndiawith ET Now, Movies Now, Times Now, & zoOm. The network is available in 21 other countries across the globe. Times Television Network is part ofIndia’s largest media conglomerate, The Times Group.

     

  • The awards will salute the business leaders whose relentless pursuit of excellence fuelledIndia’s journey to the forefront of the world economy

    NDTV Profit Business Leadership Awards to honour India Inc

    By A Correspondent

     

    NDTV is all set to honour India Inc at the seventh NDTV Profit Business Leadership Awards. The awards will salute the business leaders whose relentless pursuit of excellence has fuelledIndia’s journey to the forefront of the world economy.

     

    Announcing the seventh edition of the awards, Manvi Dhillon, Managing Editor of NDTV Profit said, “2011 was an extremely challenging year for corporate India. Despite the global headwinds and the domestic challenges, India Inc stood steady. The evidence lies in the fact thatIndiais still one of the fastest growing economies in the world. We, at NDTV, are proud to announce the seventh edition of the NDTV Profit Business Leadership Awards to recognize and honour the most resilient and the strongest business leaders of this year.”

     

    The Award ceremony will be a high powered event with the crème de la crème of corporateIndiaattending it and will be graced by Union Finance Minister Mr. Pranab Mukherjee as Chief Guest in Mumbai on January 7, 2012.

     

    Partnering NDTV for the awards, Kanakia Group’s Rasesh Kanakia, Chairman and Managing Director, said, “2011 was a year of economic challenges; some of them being of the kind that could wither the roots of any business house, as market volatility (affected by global economic slowdown) led to uncertainties, thus slowing down growth plans. Consumers became tougher to appease, investors became conservative in taking decisions and business houses got more aggressive to sustain their growth. All in all, it was a year where success got elusive, but Indian Business has shown the character and the courage to have sustained well. Having been a witness to such a strong show of character, it only makes us proud to associate with NDTV Profit in honouring some of these extraordinary business leaders..”

     

    The jury for the NDTV Profit Business Leadership Awards this year comprised leading names from the industry and the business world such as Naina Lal Kidwai, Group General Manager and Country Head, HSBC India; T N Ninan, Chairman and Editorial Director, Business Standard; Kalpana Morparia, CEO, J P Morgan, India; Shanti Ekambaram, Group Head Wholesale Banking, Kotak Mahindra Bank;  Zia Mody, Senior Partner, AZB & Partners; Prannoy Roy, Chairman, NDTV; Dorab Sopariwala, Editorial Advisor, NDTV; Manvi Dhillon, Managing Editor, NDTV Profit.

     

    After a rigorous screening process and discussion amongst the eminent jury members they have determined the winners in categories that include Automobile (Four Wheelers and Two Wheelers), Aviation, Banking (Public and Private), Consumer Durables, Consumer Product Goods, Engineering, Hospitality, Infrastructure and Insurance Life, Corporate Social Responsibility and Inclusion and Diversity Award.

     

  • The channels have an exciting line-up of Disney’s best loved, award-winning programs and interactive contests with more than 5000 prizes up for grabs

    Mega New Year celebrations on Disney channels

    By A Correspondent

     

    Disney Television Network, the number 1 entertainment destination for kids and their families, is set to celebrate the New Year with its varied programming. Disney channel will end 2011 with the award winning Disney classic movie UP on December 31 at 11 am.

     

    UP is a heart-warming comedy adventure about a 78-year-old balloon salesman Carl Fredricksen, who finally fulfills his lifelong dream of a great adventure when he ties thousands of balloons to his house and flies away to the wilds ofSouth America, along with an overly optimistic 8-year-old wilderness explorer named Russell. The movie won the Academy Awards for the Best Animated Feature and the Best Original Score and the Golden Globe Award for Best Animated Feature Film in 2010.

     

    In his very first voice acting role, renowned Bollywood actor Anupam Kher has voiced the lead character Carl in Hindi. Commenting on his role, Anupam Kher said: “What makes this movie exciting is that it’s a fantasy film with believable characters. Carl can be from any part of the world or country. He is an ordinary man who fulfills an extraordinary promise and that truly makes him special.”

     

    Families can “kick-off” 2012 with the uber-cool soccer star David Beckham in conversation with famous Disney duo, brothers Phineas and Ferb on “Take Two with Phineas and Ferb” on January 1. The show is a series of fun interviews where the brothers talk to celebs like David Beckham. They have many more exciting ones already in the pipeline for the New Year.

     

    Adding some interactive fun and learning for the young ones will be an exciting contest inspired by Disney Junior’s popular interactive show, “Jake and The Neverland Pirates”. The show features comic and host Cyrus Broacha as the voice of “Sharky” along with musician Sid Coutto as the voice of “Bones”. The talented duo is also seen on the show with an entertaining live-action routine which has been locally produced inIndia.

     

    Beginning January 1, young viewers can brush up their counting skills every Monday to Friday by tuning into “Disney Junior Jake Contest” from 11 am to 12.30 pm and win more than 1000 cool prizes including Jake’s special Doubloon memorabilia, tee shirts, bandanas and DVDs.

     

    Disney’s action, adventure and comedy destination for boys, Disney XD will be revving up the content pipeline in the New Year starting with Disney classic blockbuster ‘The Lion King’ on January 1, 2011 at 12. A brand new fun-filled show about a creative and quirky hero – “Scaredy Squirrel”, inspired by the popular book series by Melanie Watt will start on Disney XD on January 9, 2011.

     

    In the new year, the channel will create a strong destination for Marvel-branded characters and stories with the launch of Spider-man on weekdays. While the excitement on popular show “Kick Buttowski: Suburban Daredevil” is already on the upswing with a spectacular contest where fans can win over 100 cool prizes every day, including skateboards, Playstations, camping sets, snorkeling sets and Ipods.

     

    Hungama TV will ring in the New Year with new episodes of popular show “Guzura”, which follows the chubby little dinosaur and his misadventures as he interacts with humans and other animals.

     

    The channel will also feature exiting contests with over 1000 goodies waiting to be bagged by Hungama fans.

     

  • MAX FILM CLUB starts from December 31, every Saturday night after the 8pm movie

    MAX introduces new film slot for movie buffs!

    By A Correspondent

     

    MAX, the premium Hindi movies and special events channel, is all set to bring its viewers the best of entertainment with a special movie slot titled ‘MAX Film Club’, every Saturday night after the 8pm Maha Movie.

     

    MAX Film Club’s Saturday night offering will offer a wide range of critically acclaimed titles like Aandhi, Ijaazat, Firaaq, Bazaar, Mere Apne and evergreen hits like Yaadon Ki Baaraat, Teesri Manzil, Aradhana, Kabhi Kabhie, Anand, Gol Maal and many more.

     

    Talking about MAX Film Club, Neeraj Vyas, EVP & Business Head – MAX said: “At MAX it is our constant endeavor to bring novel ways to entertain our audience. Our latest offering, MAX Film Club, is an effort to connect with the film connoisseurs, audiences who genuinely enjoy the iconic movies from across the eras. We believe there is an audience for this kind of cinema and we want to keep them glued to their seats on Saturday nights.”

     

    He added: “MAX Film Club is also a step to enhance our recently launched weekend campaign “Saare hafte lagey raho… weekend pe padey raho” by creating a complete entertainment package over the weekend.”

     

    MAX, India’s No. 1 Hindi Movie channel, provides its viewers with the biggest and best of Hindi movies and special events.

  • US-based Walt Disney will launch an offer for delisting shares of media and entertainment firm, UTV Software Communications, from Indian bourses on January 16, 2012.

    Disney to launch delisting offer for UTV Software on Jan 16

    By A Correspondent

     

    US-based Walt Disney will launch an offer for delisting shares of media and entertainment firm, UTV Software Communications, from Indian bourses on January 16, 2012.

     

    Walt Disney plans to delist about 1.22 crore shares, representing 29.96 per cent of UTV Software’s equity, and the offer price for the shareholders has been fixed between Rs835.03-1,000 a share, Walt Disney stated in an advertisement published on Wednesday.

     

    The offer opens on January 16 and will close on January 20. Walt Disney currently holds an over 50 per cent stake in UTV Software.

     

    In July this year, Walt Disney Co. had offered to buy out stakes held by public shareholders and other promoters of the company. The proposal, expected to result in FDI inflows of about Rs8,250 crore, has also been approved by the government.

     

    Post-delisting, Walt Disney is likely to hold an 80.25 per cent stake in the company, if it successfully acquires the shares of all public stakeholders, while the remaining equity would be held by RS Group.

     

    However, assuming that Disney acquires the shares of UTV Software’s other promoter as well, pursuant to a share-purchase agreement, Disney will secure a 100 per cent stake in the company.