New Delhi: Leading media stocks have taken a battering in India amid growing concern over heightened competition, fragmentation and costs in the media sector. A group of seven leading companies in broadcasting, print, movies and pay-TV, with a combined market capitalization of $US10 billion, is trading 26% lower than recent highs, and some have lost as much as 50%, according to Media Partners Asia. "Another round of corrections is needed to make valuations more palatable especially as there are … [Read more...] about India media stocks rocked
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A long road to recovery for Star Group
Hong Kong-- It could take the Star Group a further four fiscal years to return to its previous peaks in profitability after a painful 2006/2007, according to Media Partners Asia. The pay TV company's operating income in the year to June 30 plunged by almost 30% to $US91 million. "Going forward, we don’t believe that STAR’s story will substantially unravel further but it will likely lose its leadership in the Indian TV entertainment space this year," MPA reports. MPA predicts Star's … [Read more...] about A long road to recovery for Star Group
BBC Global Channels’ creative new appointments
London/Singapore - BBC Worldwide has upped Garry Sinclair to Global Channels’ Vice President, Creative, based in London, with Gus Gordon becoming Creative Director, Global Channels Asia-Pacific, based in Singapore. Reporting to Darren Childs, Managing Director, BBC Global Channels, Sinclair’s strategic role, effective immediately, includes developing and maintaining the brand identities of all BBC Worldwide global channels, as well as overseeing the on air creative elements as the … [Read more...] about BBC Global Channels’ creative new appointments
‘Dream’ ratings for Telemundo in Indonesia
Miami – ‘My Teen Dream’, Telemundo’s most recent reality show produced by Nostromo, is enjoying huge success on the Indosiar network which is producing the format. The show raised the network from the number five position in its country’s network ranking, to first place in the 7pm time slot, with a 27% audience share. Xavier Aristimuno, a Sales and Business Development executive for Telemundo Internacional in Asia, oversaw the launch of this show. ‘My Teen … [Read more...] about ‘Dream’ ratings for Telemundo in Indonesia
Star hires Anthony Day to drive strategy and development
Hong Kong – Star has hired Anthony Day as Executive Vice President, Strategy and Development, a new role which makes him responsible for expanding the scale and scope of Star's core broadcasting activities. Day will also work with Star’s regional offices in managing its portfolio of joint ventures. Based in Hong Kong, he reports to CEO Paul Aiello. Day joined Star last November as a consultant, facilitating expansion initiatives in South East Asia. Previously he was General Counsel … [Read more...] about Star hires Anthony Day to drive strategy and development
Malaysia’s Rocket Fish Studios signs co-production deals with 9 international partners
Kuala Lumpur– As a highlight of the MDeC’s Buyer Fly-In Program, Malaysian animation studio Rocket Fish Studios signed Memorandums of Agreement (MoA) with 9 international companies to work jointly on animation productions as part of its initiative to promote Malaysia as a global animation hub. The studio is also providing budding animators with training programs in Kuala Lumpur and Terengganu. Zanymation Associates International (US) and Rocket Fish Studios will collaborate on … [Read more...] about Malaysia’s Rocket Fish Studios signs co-production deals with 9 international partners