HBO is all set to add juice to weekend entertainment this month by introducing HBO Friday Double Bill .Two films will be shown back to back under the programme initiatives She-Heroes at 9:30 pm, followed by After Dark.

In May, the She-Heroes programme initiative will be replaced with Kung-Fu Knights.

Interestingly, arch rival Star Movies used to have a Double Bill programme initiative on Wednesdays some time back. Two films starring one actor were shown back to back every Wednesday. The initiative was discontinued as the channel felt it would be better to concentrate on a genre each night at 9:30 pm with the exception of Fridays, when the channel telecasts premieres.

She Heroes deals with female protagonists saving the day in a variety of situations. Barb Wire sees Pamela Anderson of Baywatch fame enter the action film genre. Anjelina Jolie uses the help of a paralysed Denzel Washington to track a serial killer in The Bone Collector. Tanya Roberts plays a young girl raised by a mystical African woman using her ability to talk to animals and knowledge of jungle lore against high tech weapons of mercenaries in Sheena.

The After Dark programme initiative sees action films with a noirish feel take centrestage. Films include Second Skin with Natasha Henstridge and Angus MacFadyen, The Arena with Karen McDougal & Lisa Dergan.

Body Double deals with an actor getting involved with a murder plot in the thriller. It stars Melanie Griffith, Craig Wasson and Gregg Henry.

The Double Bill schedule

She-Heroes ( Fridays 9:30 pm)

After Dark

Is it the precursor to a parting of the ways? Maybe, maybe not. Raghav Bahl‘s Television Eighteen India Ltd declared today that henceforth it would be managing the sales of advertisement time (free commercial time) of CNBC India business news channel.
Ad sales has been managed from the beginning of the channel‘s launch in India by Sony Entertainment Television (SET). TV 18 has set up the initial marketing infrastructure, which is being further strengthened for handling ad sales, the company has said.

Queried about the fate of the distribution alliance that TV 18 has with SET for CNBC India, chief executive Haresh Chawla said he could only confirm that the arrangement would continue in its present form till March 2003. After that everything was open, Chawla admitted.

The announcement was tied into TV 18‘s finally closing the chapter on an on again off again courting that has gone on for over two years. The company declared today that it had has informed the Bombay Stock Exchange that it planned to retain its 49 per cent equity stake in CNBC India and would not be divesting any equity in CNBC India in favour of SET.

TV 18 holds 49 per cent in CNBC India through Television Eighteen Mauritius Ltd. The remaining 51 per cent is held by CNBC Asia. Earlier the board of directors of the company had decided to give up 20 per cent stake out of the 49 per cent in favour of SET Satellite (Singapore) Pvt Ltd. Market sources had pegged the value of the deal at Rs 200 million.

TV 18 BOARD APPROVES ALLOTMENT OF EQUITY SHARES:
At the meeting of the board of directors of TV 18 held today, it was decided that:

1. Allotment of 7,00,000 equity shares of Rs 10 each issued at a premium of Rs 78 per share aggregating to Rs 88 per share as preferential allotment pursuant to the approval of the board meeting dated 7 December, 2001 and the EGM dated 2 January, 2002.

2. Issue of secured partly convertible debentures (SPCD) of Rs 150 each, to be issued to the existing shareholders on rights basis in the ratio of one SPCD for every 13 equity shares held. The detailed terms and conditions will be worked out in consultation with the lead managers to the rights issue.