Sony Pictures Television (SPT) has forayed into Telugu television segment by entering into a strategic alliance with MAA Television Network Limited (MTN), which runs a network of Telugu television channels including the entertainment channel MAA TV, music channel MAA Music, MAA Movies and MAA Junior. Under this alliance, SPT or its affiliates will pick up a 30% equity stake in MTN, subject to receiving necessary approvals from the concerned statutory authorities and will be an investor and a content provider to MTN. The company also informed that the majority shareholders of MAA Television Network and SPT have signed a Letter of Interest (LoI), although the financial details of this partnership was not disclosed. At present, 95% of MAA Television Network Limited's equity capital is controlled by four promoters which includes Industrialist N Prasad, Film actors K Chiranjeevi, and Nagarjuna Akkineni and film producer Allu Arvind. In March 2009, Sony Pictures Television had ventured into regional TV with the acquisition of a Bengali movie channel Channel 8 for an undisclosed amount. Channel 8 later become a part of SPTI’s channel portfolio in India which included English channels AXN and Animax. Other Key Deals In January 2012, Reliance Industries (RIL) had divested a part of its interest in ETV Channels to TV18 Broadcast Limited. TV18 and Network18 had funded this acquisition through a consolidated Rs 5400 crore rights issue, a part of which is being subscribed to Network18 Promoters backed by RIL backed Independent Media Trust. In addition, Network18 group will provide preferential access to content from its media and web business to RIL’s subsidiary…
- India’s Health Stack: Plans for “Single Source Of Truth” January 30, 2023
- Twitter plans to limit permanent account suspensions on its platform January 30, 2023
- What’s the deal with Andhra Pradesh’s new family doctor system? January 30, 2023
- Supriya Shekher on Rethinking Privacy Mandates In Antitrust Law | Meta India Tech Scholars 2021-22 January 30, 2023
- Private Explosives Manufacturer Hired By Defence Ministry Hit By Suspected Ransomware Attack January 30, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...