Logo

NBCU Takes 26% Stake in India’s NDTV

Jan 22, 2008  •  Post A Comment

NBC Universal has formed a long-term strategic partnership with India’s NDTV, beginning with NBCU paying a reported $150 million to acquire a 26% stake in NDTV Networks, a holding company for entertainment and lifestyle channels, digital media, media products and services.
The memorandum of agreement was announced Monday by NBC Universal President-CEO Jeff Zucker and NDTV Chairman/Co-Founder Dr. Prannoy Roy. The deal includes an option for NBCU to become a 50% stakeholder at fair market value in two years.
In April, Mr. Zucker announced his plans to more than double the size of NBCU’s international operations over the next three years. The deal underscores NBCU parent company General Electric’s ongoing commitment to India.
“This will be a significant investment for NBC Universal in an important emerging market and further illustrates our commitment to expand our company internationally, particularly in high-growth areas,” Mr. Zucker said in the announcement. “The Indian TV market is expected to grow at 16% annually, which provides huge opportunities now and into the future.”
“This agreement is a significant step for us,” Dr. Roy said. “Today, two pioneers in the television history of the world’s two largest democracies have come together to cater to a dynamic and demanding set of viewers.”
Tejpreet Singh Chopra, president and CEO of GE India, said, “With today’s announcement, GE is moving to further strengthen its presence in and commitment to India. The media industry in the country offers tremendous opportunity for growth.”
Among the channels operated by NDTV Networks are NDTV Imagine, a Hindi general-entertainment channel that launched Monday, and the recently unveiled lifestyle channel NDTV Good Times.

12 Comments

  1. Interesting layout on your blog. I really enjoyed reading it and also I will be back to read more in the future.

  2. Great wordpress blog here.. It’s hard to find quality writing like yours these days. I really appreciate people like you! take care and see you soon

  3. Interesting thoughts here. I appreciate you taking the time to share them with us all. It’s people like you that make my day 🙂

  4. Wow, amazing blog layout! How long have you been blogging for? you make blogging look easy.

  5. Love all the opinions expressed here! How is everyone? Love how everyone expresses whatr they feel 🙂

  6. Interesting layout on your blog. I really enjoyed reading it and also I will be back to read more in the future.

  7. Way to focus and straight to your point, i love it. Keep up the work people. Dont let anyone stop us bloggers.

  8. I like this data given and it has given me some sort of inspiration to have success for some reason, so thank you.

  9. Nice blog here! Also your website loads up fast! What host are you using? I wish my website loaded up as fast as yours lol

  10. Nice!! Great Ifo. Great People. Great Blog. Thank you for all the great sharing that is being done here.

  11. I am extremely impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you customize it yourself? Either way keep up the nice quality writing, it’s rare to see a nice blog like this one these days.. 🙂

  12. Amazing freakin blog here. I almost cried while reading it!

Your Comment

Email (will not be published)