Top Story


Home >> Media - TV >> Article

Malaysian company Astro buys 26.01 per cent stake in Hungama TV

Font Size   16
Malaysian company Astro buys 26.01 per cent stake in Hungama TV

UTV Software Communications Ltd on Wednesday announced that key Malaysian DTH and pay TV operator, Astro, had taken a strategic stake of 26.01 per cent in the UTV promoted Hungama TV (United Home Entertainment Ltd).

“Astro or its affiliates shall invest as a strategic investor in UHE by subscription to UHE’s equity, preference shares, convertible debt and/or other instruments, or a combination thereof, for strategic stake of 26.01 per cent.” UTV said in a statement.

In September 2005, both the groups had declared their joint venture to launch two kids’ channels in South East Asia, which are on Astro’s DTH platform across Malaysia, Indonesia, Brunei, and later on in Singapore. A spokesperson for the group revealed that the two channels were set to be launched in the next quarter.

According to the previous agreement, Astro will be making the entire capital investment for the launch of these channels. UTV will provide the entire knowhow, the content, the formats, marketing and brand building expertise for the launch of its channels. The successful format of UTV and Hungama from India will be created locally in Bahasa Malay and Bahasa Indonesia languages.


The production house has already established itself as the leader in the non-scripted genres. However, Rege now wants Endemol to achieve the same in the original scripted zone and film production

Naidu also talks about the ushering in of a new era of digital payments and says this is just the beginning and there’s lots of space for newer players to step in and evolve

Markus Noder, Managing Partner, Serviceplan International, shared innovative tools, ideas and methodologies to generate tangible business values

The primary reason that led to growth of OTT is the constant improvement of internet speed and service across the country: Sandeep Gupta, ACT Fibernet

India has become the diabetes capital of the world, with prevalence of the disease estimated to rise from 69.2 million to 123.5 million by 2040

Laban Stretchy Man, the new human shaped, stretchy, fruit flavoured chews from Orkla- Norway’s number one confectionery brand, has been launched and localized by MTR Foods in India