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Reliance Broadcast Network In Talks With CBS For 50:50 JV; New Biz Plans

Anil Dhirubhai Ambani Group (ADAG) company Reliance Broadcast Network has inked a preliminary, non-binding Term Sheet, and entered into negotiation and due diligence process with CBS Studios International for forming a broadcast joint venture which will operate general entertainment channels across South Asia. It is proposed that both parties will own 50% equity in the joint venture, and that the negotiations would be completed within a month. The BIGer Picture It's important to remember here that India allows 100% foreign direct investment in non-news television businesses, which is why the focus is on launching General Entertainment Channels. Apart from this Anil Ambani group's financial services company Reliance Capital recently picked up 18% in business news channel Bloomberg UTV, pending approvals. Last year, they had launched a television production house Big Productions, and have also acquired production house BIG Synergy, headed by well known…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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