Star, Zee merge distribution biz in equal JV


6 May 2011
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MUMBAI: The broadcasting industry is edging towards consolidation as Rupert Murdoch's Star and Subhash Chandra's Zee end their 12-year divorce to create a distribution company in India that is also going to house old partners Turner and Den.

Broadcasters and cable TV operators are weighing the impact of an elephant that is being created by the alliance that has the power to marginalise the smaller players.

Star Den Media Services and Zee Turner have floated a new distribution company, Media Pro Enterprise India, that will have 68 channels, including flagship Hindi general entertainment channels Star Plus and Zee TV. Both will have equal stake in the new entity, which will be led by Arun Kapoor as CEO and Star Den CEO Gurjeev Singh Kapoor as COO.

In the old outfits, Star and Den each had 50 per cent stake in Star Den while Zee held 74 per cent and Turner 26 per cent in Zee Turner.

buddy you have posted the same thread here-
thread closed

please do search before posting a thread:)
both articles are same but contents are different.....the previous one which ihave posted is not the complete news.this news was unconfirmed by indiantelevision.innew one is detailed report....
then please atleast change the thread title as confirmed & unconfirmed:up:
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