New Delhi - Time Warner Inc. announced that its board of directors has approved the acquisition of NDTV Imagine Limited (Imagine) from NDTV Networks Plc, an indirect subsidiary of NDTV Limited. Imagine owns a leading Hindi general entertainment channel and other entertainment assets in India. The acquisition will be made by Turner Asia Pacific Ventures, Inc., a Time Warner company, and Imagine will become a key part of Turner's operations in the Asia-Pacific region. Time Warner says it is … [Read more...] about Time Warner’s agreement to acquire NDTV Imagine
Turner
Talking about Y generation
Unsurprisingly, Internet usage is on the rise among Asia’s seven to 14 year olds, and even higher amongst the 15-19 age-bracket. While TV-watching still dominates, with Internet a strong second, the gap between the two narrows from 17 percent (7-10 year olds) to 11 percent (15-19 year olds). Across Asia-Pacific, 59 percent of the region’s children spend over an hour each time they go online and 15 percent is the regional average for virtual socialising. Happily, while virtual … [Read more...] about Talking about Y generation
Turner announces truTV launch
Hong Kong - Turner Broadcasting System Asia Pacific, Inc. (TBSAP) announced plans to launch a new entertainment channel, truTV across Asia. Scheduled for launch in early 2010, truTV will feature original programming that is unscripted. The announcement follows hot on the heels of Turner's recent entertainment and lifestyle channel acquisitions, MONDO 21 and Tabi Channel in Japan. "As with our new channels in Japan, the truTV launch represents our ongoing investment to expand our networks in … [Read more...] about Turner announces truTV launch
Subs help ease Zee’s ad revenue fall
Mumbai - Zee Entertainment Enterprises Ltd posted a marginal fall in quarterly net profit as advertising revenue declined due to an economic slowdown, but higher subscription sales provided relief. The broadcaster's consolidated net profit for January-March fell 7.3 percent to Rs968.1 million on a flat growth in total revenue of Rs5.14 billion, reports Reuters. The numbers include financials of Taj TV Ltd, ETC Networks and Zee Turner Ltd. "The broad market trends weighed on our advertising … [Read more...] about Subs help ease Zee’s ad revenue fall
Turner & Warner Bros launches new channel WB in India
New Delhi/Burbank, Calif. - Turner and Warner Bros. Entertainment has announced the launch of WB, a new Warner-branded channel for India featuring blockbuster motion pictures and hit television series. The 24-hour, English-language entertainment channel will showcase programming from Warner Bros. International Television Distribution and will be available in India starting March 15. … [Read more...] about Turner & Warner Bros launches new channel WB in India
Turner and Alva Brothers’ Real enters Hindi GE fray
New Delhi – Real Global Broadcasting Pvt. Ltd. (RGB), a 50:50 joint venture between Alva Brothers Entertainment and Turner International, is to launch new Hindi entertainment television channel Real. Channel will go on air in March 2009 and is described as “tailor-made for the ‘Neo Indians’, who are urban oriented, ambitious and outward looking.” Real enters a GE (general entertainment) environment in India that, although popular with audiences, is already … [Read more...] about Turner and Alva Brothers’ Real enters Hindi GE fray