Hong Kong and New York – News Corporation has exercised the remaining half of its option to increase its stake in diversified media company Rotana Group, owned by Saudi billionaire Prince Alwaleed bin Talal, to 18.97 percent from 14.53 percent by purchasing newly-issued shares in Rotana for $35 million. The transaction follows News Corporation’s acquisition of a 9.09 percent stake in Rotana Group in February 2010 and its exercising of the first half of its option to raise the … [Read more...] about News Corporation ups stake in Rotana Group
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MediaCorp launches $5 million Content Innovation Fund
Singapore – MediaCorp is launching a $5 million Content Innovation Fund (CIF) to search for the best creative entertainment ideas and concepts across all its media platforms. The three-year Fund will provide seed money to support the initial development stages for the selected projects which could be for any of MediaCorp’s range of media platforms spanning television, radio, print, movies and digital new media. Mr Chang Long Jong, Deputy CEO, Television, MediaCorp says: “With … [Read more...] about MediaCorp launches $5 million Content Innovation Fund