Singapore– Sony Pictures Television (SPT) Networks, Asia announced that its Korean general entertainment (GE) channel, ONE, which just turned two, continues to achieve strong ratings across the region. Among pay-TV 4+ audiences, from January 1 to October 10 2012, ONE has garnered 43% of the viewing share between all 19 HD channels in Malaysia. The channel also drew an average viewing duration of 125 minutes per viewer each day, among pay-TV networks on Astro, according to AGB Nielson … [Read more...] about SPT’s ONE turns two
Astro
Court upholds Astro’s US$250m arbitration award from Lippo
Singapore – Singapore's High Court upheld a US$250 million arbitration award to Malaysian billionaire Ananda Krishnan’s Astro All Asia Networks against its former Indonesian business partner Lippo Group over a failed pay-TV venture. Astro had back in 2005 formed a joint venture with First Media and other affiliates of the Lippo Group to establish a pay-TV business in Indonesia. The joint venture was not concluded, and in 2008 Astro commenced arbitration proceedings in Singapore … [Read more...] about Court upholds Astro’s US$250m arbitration award from Lippo
SCRIPPS Networks International expand global reach
Cannes – Scripps Networks International has announced a bevy of new carriage agreements for its global lifestyle brands Food Network, Fine Living Network, Food Network Asia and Travel Channel International. The multiple deals include channel launches with leading distributors, and expansions through new cable and broadband system partnerships in seven new territories. Breaking new ground, Food Network has debuted in Latvia, Georgia, Romania and Serbia. The lifestyle channel can now be … [Read more...] about SCRIPPS Networks International expand global reach
Astro v Lippo: Enforcement in Arbitration
The dispute between the Astro Group and the Lippo Group that was recently before the Singapore Courts highlights important lessons for parties with crossborder contracts and disputes as it demonstrates both the strengths as well as weakness of the enforcement regime in arbitration pursuant to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the “New York Convention”). It is important to understand that the substantive dispute between the parties … [Read more...] about Astro v Lippo: Enforcement in Arbitration
Malaysia’s Astro and Maxis sign partnership
Kuala Lumpur – Astro, Malaysia’s leading consumer media entertainment group, and Maxis, Malaysia’s leading integrated communications service provider, have come together in a strategic partnership to bring the best of Astro TV and Radio, high speed broadband and voice to Malaysian consumers and households. Astro and Maxis will develop and co-market consumer packages combining Astro B.yond IPTV and Astro On-The-Go (AOTG) services, together with Maxis’ Fibre Internet, … [Read more...] about Malaysia’s Astro and Maxis sign partnership
Malaysia’s Astro to raise RM5.5B in IPO
Malaysia – Pay-TV operator Astro Malaysia Holdings Bhd is offering up to 1.52 billion shares—which could be worth about US$1.75 billion (RM5.5 billion)—in its initial public offering (IPO) this year. This is Malaysia’s third largest listing this year, after Felda Global Ventures Holdings Bhd (RM9.93 billion raised in June) and IHH Healthcare Bhd (RM6.3 billion raised in July), according to The Star Online. In an updated prospectus exposure released last … [Read more...] about Malaysia’s Astro to raise RM5.5B in IPO
