Asianet
TypeTelevision Channel
CountryIndia
Broadcast areaInternational
NetworkDisney Star
HeadquartersThiruvananthapuram
Programming
Language(s)Malayalam
Picture format1080i HDTV
(downscaled to letterboxed 576i for the SDTV feed)
Ownership
OwnerDisney India
Key peopleK.Madhavan
(Country Manager) &
(President) of The Walt Disney Company India, Disney Star &
(Managing Director) of Asianet
Sister channelsDisney Star channels
History
Launched30 August 1993 (1993-08-30)
FounderDr. Raji Menon
Links
WebsiteAsianet on Disney+ Hotstar
Availability
Streaming media
Disney+ HotstarWatch Asianet on Disney+ Hotstar

Asianet is an Indian Malayalam language general entertainment pay television channel owned by Disney Star, a subsidiary of Disney India. It primarily telecasts programmes such as serials, reality shows and Malayalam films. Asianet HD is the first High Definition (HD) television channel in Malayalam.[1]

History

Establishment

The channel was founded by Dr. Raji Menon in 1993.[2] In late 2006, Dr. Raji Menon partially pulled out of Asianet Communications, turning over control to Rajeev Chandrasekhar (Jupiter Entertainment Ventures)[2]. Star India bought a 51% stake in Asianet Communications and formed a joint venture with JEV in November 2008[3]. In 2014, Star India took full ownership of Asianet Communications.[4]

Star India acquisitions (2008–2014)

Asianet was restructured into four companies in June 2008 (general entertainment, news, radio and media infrastructure). This move was to allow separate investments in each company.[4] Star India started talks with the owners of the Asianet channels in August, 2008[3].

Star India eventually bought a 51% stake in Asianet Communications and formed a joint venture with JEV in November 2008.[5] The joint venture, called "Star Jupiter", comprised all general entertainment channels of Asianet 8 October 2013 Bombay 12 March Communications (Asianet, Asianet Plus, Asianet Suvarna and Asianet Sitara[6]) and Star Vijay. Star India had reportedly paid $235 million in cash for the 51% stake and assumed net debt of approximately $20 million.[4] It's not clear how much stake Dr. Raji Menon held in the new Star Jupiter venture. Prior to forming the JV, it was known that the original founder (Dr. Raji Menon) had held about 26% stake.[3]

Star India increased its stake in Asianet Communications to 75% in July 2010 (for which Star India paid around $90 million in cash), and to 87%, by acquiring 12% stake for $160 million in June, 2013. The later move was by virtue of acquiring a 19% equity stake in Vijay TV from Chandrasekhar and Asianet Communications MD Madhavan.[4] Following the June, 2013 investment, Asianet Communications was valued at $1.33 billion. Star India acquired 100% stake in Asianet Communications (buying the remaining 13% stake) in March 2014.[4][5]

On March 20, 2019, following the acquisition of 21st Century Fox by The Walt Disney Company, its Indian subsidiary Star India, Star India-owned Asianet Communications and Star India's remaining subsidiaries became a subsidiary of Disney India.[7][8]

Programming

Sister channels

Awards ceremonies

References

  1. "Asianet - leading Malayalam GEC Channel | TV Serials | Malayalam Entertainment". Archived from the original on 12 January 2015. Retrieved 27 January 2015.
  2. 1 2 "BPL's Rajiv buys Asianet". The Times of India. 30 October 2006. ISSN 0971-8257. Retrieved 12 January 2024.
  3. 1 2 3 "Star buys majority in Asianet; forms JV with Rajeev Chandrasekhar". Reuters. 17 November 2008. Archived from the original on 27 July 2019. Retrieved 27 July 2019.
  4. 1 2 3 4 5 "Star India acquires 100% Stake in Asianet Communications – MediaNama". medianama.com. 13 March 2014. Archived from the original on 27 July 2019. Retrieved 9 November 2018.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  5. 1 2 Kulkarni, Raghuvir Badrinath & Mahesh (17 July 2013). "Interesting tussle on to gain control of 'Kannada Prabha'". Business Standard. Archived from the original on 27 July 2019. Retrieved 28 July 2019.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  6. Reporter, B. S. (16 November 2008). "Star TV buys majority in Jupiter Entertainment". Business Standard. Retrieved 27 July 2019.
  7. Choudhary, Vidhi (15 December 2017). "Fox deal set to make Disney India's biggest broadcaster". mint. Retrieved 12 January 2024.
  8. Laghate, Gaurav (13 March 2019). "Walt Disney's merger with Star India to cost 350 jobs". The Economic Times. ISSN 0013-0389. Retrieved 12 January 2024.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.