Asianet (TV channel)

Last updated

Asianet
Asianet 2023 logo.png
Type Television Channel
Country India
Broadcast areaInternational
Network Disney Star
Headquarters Thiruvananthapuram
Programming
Language(s) Malayalam
Picture format 1080i HDTV
(downscaled to letterboxed 576i for the SDTV feed)[ citation needed ]
Ownership
Owner Disney India
Key peopleK.Madhavan
(Country Manager) &
(President) of Disney India, Disney Star &
(Managing Director) of Asianet
Sister channels Disney Star channels
History
Launched30 August 1993;30 years ago (1993-08-30)
FounderDr. Raji Menon
Links
Website Asianet on Disney+ Hotstar
Availability
Streaming media
Disney+ Hotstar Watch Asianet on Disney+ Hotstar

Asianet is an Indian Malayalam language general entertainment pay television channel operated 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]

Contents

History

Establishment

The channel was founded by Dr. Raji Menon in 1993. [2] 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 Vijay TV. 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 (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]

The Walt Disney Company 21st Century Fox Acquisitions (2019–Present)

On 20 March 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

Asianet Plus Logo.jpg
Asianet Movies.png

Awards ceremonies

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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 Times of India, Mini Joseph Tejaswi (30 October 2006). "BPL's Rajiv Buys Asianet".
  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.