Sydney- Production and distribution group Southern Star will become a subsidiary of newspaper and online publisher Fairfax Media after its parent company Southern Cross Broadcasting (SCB) agreed to a takeover. The SCB board accepted a buy-out offer from Macquarie Media Group (MMG), which values SCB at A$1.35 billion (US$1.15 billion). Concurrently, MMG entered into an arrangement to on-sell to Fairfax Media the metropolitan radio stations, Southern Star, Satellite Music Australia, which supplies … [Read more...] about Southern Star to join Fairfax Media empire
avod news
Digital FTA in Hong Kong heralds new era for advertisers
Hong Kong -The introduction of digital terrestrial television in Hong Kong later this year will give advertisers new opportunities and enhance the communication experience, according to Carat Media Services Hong Kong. “Using TV for brand communication will no longer be limited by a regular TV spot and sponsorship anymore. Marketers will have to rethink the way they used to approach TV advertising or even product placement. The new technologies will enable us to create time beyond a … [Read more...] about Digital FTA in Hong Kong heralds new era for advertisers
Slow progress for CAS in India
At the end of June, fewer than 600,000 digital cable set top boxes had been deployed in Conditional Access (CAS)-mandated areas in India, according to Media Partners Asia. That represents less than 40% penetration of the 1.6 million homes and is disappointing after the early momentum seen in Q1 2007, MPA reported. It’s also below the 60% target the industry was aiming for at this stage and means significant momentum is needed if a year-end target of 80% is to be achieved in densely … [Read more...] about Slow progress for CAS in India
MIPCOM 2007 to host India Day
Paris- MIPCOM 2007, the 24th edition of the international audiovisual and digital content market taking place at the Palais des Festivals, Cannes from October 8 - 12, will host ‘India Day’ on October 8 to focus on the Indian media and entertainment industries. In partnership with the Federation of Indian Chambers of Commerce and Industry ‘India Day’ will examine the growth and potential of the country's film, TV and animation sectors, as well as market-specific … [Read more...] about MIPCOM 2007 to host India Day
Proud to be Chinese
P2bChi and MTV Asia are joining forces to salute the talent of 'New China' with an online competition in which consumers will be asked to write and perform their own songs in English or Mandarin, based around the theme Proud To Be Chinese. Songs voted by consumers as being the best will be marketed and released by EMI South East Asia. In the second part of the competition, aspiring young film directors in the region will be invited to create and produce a video for the debut single by Scott Hui, … [Read more...] about Proud to be Chinese
Indonesia’s Media Nusantara Citra raises $412 million
Indonesia’s largest media company Media Nusantara Citra (MNC) raised US$412 million in its IPO and will spend more than $200 million to expand its media and broadcasting business, including content development and potential acquisitions. An additional $65 million will be used to repay bonds and finance future capital expenditure. MNC owns terrestrial webs RCTI, TPI and Global TV, 15 radio stations, a national newspaper and three tabloids. Post IPO, PT Global Mediacom owns 70% of MNC. … [Read more...] about Indonesia’s Media Nusantara Citra raises $412 million
