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Astro among buyers linked to STAR’s Balaji stake

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Astro among buyers linked to STAR’s Balaji stake

July 7, 2008 by TVA Editor

Malaysia-based Astro is being linked to the buy-out of STAR Group’s 25.9 per cent stake in Balaji Telefilms – less than a year after STAR and Balaji announced their joint venture intentions. Regional dialect-language channels were among proposed projects after STAR and Balaji Telefilms made a joint announcement Q4 2007. STAR COO Laureen Ong told Television Asia Plus that the Group “will be launching four regional language channels in India” but did not say when, or whether Balaji Telefilms still feature in those plans. Reliance Entertainment and Eros International have also been linked to buying out STAR’s stake, although Balaji are believed to have first buy back rights. Astro already holds stakes in Red FM and in DTH venture Sun Direct.

Other Topics: Asian content, asian content news, asian entertainment news, asian media news, asian streaming apps, Astro, avod news, broadcaster news, Co-Productions, Content Distribution, content news, entertainment news, Eros International, format licensing, format sales, k-drama news, media news, OTT news, pay-tv news, people and appointments, show distributor, show format, show genre, streaming apps, VOD news

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