JavaScript must be enabled in order for you to see the posts in this forum. However, it seems JavaScript is either disabled or not supported by your browser. To see the posts, images and links please enable JavaScript by changing your browser options, then try again.


Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Breaking News :  Zee Entertainment acquires Sarthak Entertainment
Wednesday 15-July-2015, 12:18,
Zee Entertainment acquires Sarthak Entertainment
Zee Entertainment Enterprises
has announced the decision to
acquire 100 per cent equity
stake in Sarthak Entertainment
which operates ‘Sarthak TV’,
an Odia language GEC.
The acquisition shall be from
current shareholders of
Sarthak Entertainment Private
Limited, subject to requisite
regulatory approvals, as an all-
cash deal at a consideration of
maximum of Rs. 115 crore.
With this acquisition, ZEEL has
entered the rapidly expanding
regional market in Odisha.
Sarthak TV, the number 1
player in the entertainment
space in Odisha would
complement ZEEL’s strong
regional bouquet of channels
viz. Zee Marathi, Zee Talkies,
Zee Bangla, Zee Bangla
Cinema, Zee Telugu, Zee
Kannada and Zee Tamizh.
Launched in 2010, Sarthak TV
leads the Odia GEC pecking
order. The channel has been
successful in creating high
quality content catering to the
needs of local audience. It airs
highly successful reality and
non-fiction shows besides
being the market leader in the
fiction segment.
Commenting on the acquisition,
MD & CEO of ZEEL, Punit
Goenka said, “We are pleased
to announce the acquisition of
Sarthak as we continue to
invest in tomorrow. The
acquisition of an already
profitable, market leading
venture is going to be a value
accretive investment in line
with our philosophy of
enhancing shareholder value.
Sarthak will further add to our
formidable bouquet of 33
channels in the domestic
market”.
Sitaram Agrawalla, Founder &
Managing Director of the
Sarthak Group and Raj
Thourani, Director, Sarthak
TV, further added, “It gives us
great pleasure to announce
that Sarthak will now be a part
of India’s leading
entertainment network. Being
the oldest and market leading
network in India, ZEEL would
provide the perfect platform
for Sarthak to grow further in
the future. With a history of
successful operations, we are
sure Sarthak will be a great
value-add for ZEEL”.
http://www.exchange4media.mobi/story.asp...ction_id=6
ANIL G
Add Thank You Reply
[-]
Wednesday 15-July-2015, 12:21,
RE: Zee Entertainment acquires Sarthak Entertainment
MUMBAI: Zee Entertainment
Enterprises Ltd (ZEEL) is acquiring
100 per cent of Sarthak
Entertainment, which owns and
operates Odia general entertainment
channel Sarthak TV, for Rs 115 crore
(Rs 1.15 billion).
The all-cash deal will include Rs 15
crore (Rs 150 million) payable in
financial year 2017 and 2018, linked
to certain performance milestones of
the channel.
Launched in 2010, Sarthak TV is the
market leader in Odisha. The other
players in that market are Tarang TV
and Colors Odia.
Other regional channels of ZEEL
include Zee Marathi, Zee Talkies, Zee
Bangla, Zee Bangla Cinema, Zee
Telugu, Zee Kannada and Zee Tamizh.
ZEEL MD and CEO Punit Goenka said,
“We are pleased to announce the
acquisition of Sarthak as we continue
to invest in tomorrow. The acquisition
of an already profitable, market
leading venture is going to be a value
accretive investment in line with our
philosophy of enhancing shareholder
value. Sarthak will further add to our
formidable bouquet of 33 channels in
the domestic market.”
Sarthak Group founder and MD Sitaram
Agrawalla and Sarthak TV director Raj
Thourani added, “It gives us great
pleasure to announce that Sarthak
will now be a part of India’s leading
entertainment network. Being the
oldest and market leading network in
India, ZEEL would provide the perfect
platform for Sarthak to grow further
in the future. With a history of
successful operations, we are sure
Sarthak will be a great value-add for
ZEEL.”
http://www.televisionpost.com/television...115-crore/
ANIL G
Add Thank You Reply
« Next Oldest | Next Newest »


Possibly Related Threads...
ThreadAuthorRepliesViewsLast Post
  Star Plus leads in traditional entertainment media brand category: Study Sandesha 0 27 Monday 05-December-2016, 20:05
Last Post: Sandesha
  'Vibrant' Sony Entertainment refreshes with new shows; ESPN to localise global shows Sandesha 0 10 Wednesday 30-November-2016, 12:25
Last Post: Sandesha
  ZEEL to acquire Reliance entertainment TV business Sandesha 0 38 Friday 25-November-2016, 08:03
Last Post: Sandesha
  Ola Play launched for in-cab entertainment that includes Sony LIV Sandesha 0 34 Wednesday 23-November-2016, 18:41
Last Post: Sandesha
  GRB Entertainment sells crimes series to Collaboration Inc. & Sky UK Sandesha 0 10 Tuesday 22-November-2016, 12:49
Last Post: Sandesha



Users browsing this thread: 1 Guest(s)

Contact Us | DthHelp | Return to Top | | Lite (Archive) Mode | RSS Syndication
DMCA.com Protection Status