Top Story

e4m_logo.png

Home >> Media - TV >> Article

SET, Discovery agree on 74:26 equity shareholding for distribution JV

06-April-2002
Font Size   16
Share
SET, Discovery agree on 74:26 equity shareholding for distribution JV

SET India (Sony Entertainment Channel) and Discovery Communications India (Discovery Channel) have decided on a 74:26 equity shareholding pattern for their proposed downstream joint venture for distribution of audio-visual programming.

Under the agreement, both SET and Discovery will have the option to convert the subsidiary into a 100 per cent company in the future if either of the companies wishes to sell all or part of its shareholding in the joint venture.

The proposed company will, in the beginning, provide services for cable and satellite channels like. In the future, it may provide such services to other cable or satellite channels as per the prevalent laws.

According to industry sources, SET will invest Rs 5 crore in the joint venture's paid-up capital of Rs 6.58 crore, the remaining being pumped in by Discovery. The dividends from the proposed joint venture will flow back to SET India and Discovery India, respectively.

Sony Picture Entertainment holds a 60.57 per cent shareholding in SET India through its two Mauritius-based subsidiaries -- SPE Mauritius Holdings Ltd and SPE Mauritius Investments Ltd.

Discovery Communications India is a 100 per cent foreign held company. Discovery Channel (Mauritius) holds 98 per cent, Discovery Communications Ltd, LLC, US, has 1 per cent and Discovery Production Inc, US, has the balance 1 per cent.

Source: Business Standard

Tags

Bhasin on the checks and balances of new IRS, methodology with new companies like Vedsur on board, interpreting the data and why it’s not fair to compare with previous data

Chitresh Sinha, CEO, Chlorophyll Innovation Lab and Vivek Singh, Joint MD, Procam International speak exclusively with exchange4media on the upcoming #BeBetter Campaign for the TATA Mumbai Marathon

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Information System for all the major bus depots in Bangalore.

Duroflex and Happy mcgarrybowen launch #7HourMarathon campaign with Milind Soman to promote healthy sleeping practices

Punjab has witnessed highest growth, of more than 50% DTH penetration, followed by HP and J&K

IRS 2017 has been reinforced with design, methodology, quality, and questionnaire enhancements to ensure the highest integrity of the data.