Dinesh jain
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With the government easing foreign direct
investment (FDI) rules, Sony Pictures Networks (earlier
known as Multi Screen Media) has withdrawn its proposal
seeking approval from the Foreign Investment Promotion
Board (FIPB) for entering into a 74:26 joint venture (JV)
with BBC Worldwide to launch factual entertainment
channel Sony BBC Earth.
The government had recently revised FDI in non-news and
current affairs channels to 100 per cent through the
automatic route, as part of its FDI liberalisation drive in 15
sectors including information and broadcasting.
The Sony–BBC JV no longer requires FIPB clearance since
the Sony BBC Earth falls under the non-news and current
affairs category.
The JV will now wait only for the Ministry of Information
and Broadcasting (MIB) to issue licence for the proposed channel.
For the record, Sony had sought FIPB approval to set up
new JV company in collaboration with BBC Worldwide in
the ratio of 74:26 for launching and broadcasting a non-
news and current affairs television channel to be known as Sony BBC Earth.
SPN recently entered into a joint venture with BBC
Worldwide to launch factual entertainment channel BBC
Earth as Sony BBC Earth in India. The channel will
broadcast in HD and will be available in Tamil, English
and Hindi across India.
Sony needs no FIPB nod for JV with BBC as FDI norms ease | TelevisionPost.com
investment (FDI) rules, Sony Pictures Networks (earlier
known as Multi Screen Media) has withdrawn its proposal
seeking approval from the Foreign Investment Promotion
Board (FIPB) for entering into a 74:26 joint venture (JV)
with BBC Worldwide to launch factual entertainment
channel Sony BBC Earth.
The government had recently revised FDI in non-news and
current affairs channels to 100 per cent through the
automatic route, as part of its FDI liberalisation drive in 15
sectors including information and broadcasting.
The Sony–BBC JV no longer requires FIPB clearance since
the Sony BBC Earth falls under the non-news and current
affairs category.
The JV will now wait only for the Ministry of Information
and Broadcasting (MIB) to issue licence for the proposed channel.
For the record, Sony had sought FIPB approval to set up
new JV company in collaboration with BBC Worldwide in
the ratio of 74:26 for launching and broadcasting a non-
news and current affairs television channel to be known as Sony BBC Earth.
SPN recently entered into a joint venture with BBC
Worldwide to launch factual entertainment channel BBC
Earth as Sony BBC Earth in India. The channel will
broadcast in HD and will be available in Tamil, English
and Hindi across India.
Sony needs no FIPB nod for JV with BBC as FDI norms ease | TelevisionPost.com
