• Bachchan pays off half his debt to DD

    Submitted by ITV Production on Dec 29, 2000

    Former big screen superstar turned TV deity Amitabh Bachchan on Thursday paid off nearly half the dues amount of Rs203.1 million his company, ABCL (rechristened AB Corp), owed to the national broadcaster.

    Bachchan has also promised to return the rest of the outstanding dues in three instalments next year during March, June and September.

    Bachchan presented a cheque of Rs96.5 million to Prasar Bharati CEO RR Shah in New Delhi at a press conference where Samajwadi Party leader and close friend Amar Singh was present. He had recently given a cheque of Rs5 million to Prasar Bharati. Bachchan said that to pay towards the interest of his dues of Rs 123.5 million, he would participate in Doordarshan‘s public interest programmes.

    Among the 75 companies which had outstanding dues against Doordarshan, the government-owned NFDC topped the list owing over Rs630 million followed by ABCL and Multi channel as of November this year

  • Zee takes fresh guard for the New Year, still eyeing sports

    Submitted by ITV Production on Dec 29, 2000

    Zee Telefilms Ltd has lined up a new set of programmes for the Year 2001 and is planning to review its strategy and investment in the sports business. The programmes Zee has scheduled spans all its related channels and is in line with the recommendations made by consulting firm AT Kearney that the company restructure its various businesses while building some new core competencies. Towards that end, Zee‘s Alpha brand of regional languages will also feature a wide range of new programmes.

    On the sports front Zee is working out new strategies after the huge setback it received in June in the bidding for telecast rights of all ICC-organised cricket matches. Despite posting the highest bid, it was arch rival Rupert Murdoch who walked away with the booty. That effectively killed off any hope Zee had of launching a channel in the near term.

    Zee, meanwhile, plans to create newer streams of content in soccer and cricket. The company‘s board of directors was to meet on Friday to review the plans. Zee Chairman Subhash Chandra, in the company‘s annual report for 1999-2000, had said: "We are giving a new impetus to sports, especially cricket and soccer.

    The company is also creating newer and newer streams of content in sports, particularly in soccer and cricket." It is learnt that Zee Sports is the frontrunner to obtain the three-year exclusive broadcast rights from WSG Nimbus Pvt Ltd of Singapore, for international cricket played in Sri Lanka, according to the Business Standard.

    Zee is believed to have offered to cross-promote the event through its various channels including Zee TV and Zee News across the network. How Zee approaches its sporting ambitions this time round will make for interesting watching.

     

  • Indiantelevision.com Year end special: Television wrap up of the year 2000

     

  • I&B ministry clears FII investment in TV news channels

    Submitted by ITV Production on Dec 23, 2000
    MUMBAI/NEW DELHI: The information and broadcasting ministry has cleared the decks for foreign financial institutions investing in television news channel ventures by issuing some modifications to the existing guidelines.

    The ministry has said that FIIs can invest in news channels and companies managing them, but the total foreign investment component will remain capped at 26 per cent. In effect, this means that FII investment has to be part of the total foreign investment allowed, including foreign direct investment.

    An official in the I&B ministry said that it was a matter of interpretation, but since some clarifications were sought by media companies, the ministry has decided to remove the ambiguities.

    The official also pointed out that it was only after this ambiguity was removed that NDTV got a clearance recently from the ministry for uplinking its proposed business channel from India.

    On 10 December, 2004 NDTV had issued a notice to the Bombay Stock Exchange (BSE) stating that it has asked FIIs, NRIs and all persons resident outside India not to deal in its shares. Pointing out that the ministry of information and broadcasting had amended guidelines and foreign investment norms for news and current affairs news channels, the NDTV notice had said that Clause B prescribes that foreign direct investment (FDI) shall not exceed 26 per cent of the paid-up equity capital of the applicant company.

    The FIIs issue, according to an earlier interpretation of the ministry, had sent some listed media companies like Television Eighteen Ltd, TV Today Network and NDTV LTD, scurrying to the government seeking clarifications.

    It had been pointed out by the media companies that keeping a tab on FII investments in listed companies on a daily basis, where buying and selling happens on the markets, would be difficult and that the Companies Act allows FII investment in various sectors, subject to sectoral foreign investment caps.

    Clause D of the guidelines states that while calculating the 26 per cent FDI in the equity of the applicant company, the foreign holding component, if any in the equity of the Indian shareholder companies of the applicant company, will be duly reckoned on a pro-rata basis, so as to arrive at the total foreign holding in the applicant company. Clause F states that it is obligatory on the part of the company to take prior permission from the MIB before effecting any alteration in the foreign shareholding patterns and the shareholding of the largest Indian shareholders.

     
       

     
       
  • KBC off air in Jammu for Siticable viewers

    Submitted by ITV Production on Dec 23, 2000

    Militancy is not the only worry of the people of Jammu. Currently a vicious tussle is on between the Zee Telefilms? owned cable network Siticable and Star TV. The issue - the Star link has regularly been on the blink at the time when its runaway hit game show Kaun Banega Crorepati (KBC) is on air, the Indian Express reports.

    "They are doing it deliberately, and even after 48 hours, the link has not been restored,?? said an angry viewer. Siticable officials, on their part, accept that they are involved in a legal tangle with Star. "Whatever be the problems between them, viewers feel that Siticable filed a case in a subordinate court only to avoid legal challenge from the consumers. Now they have a technical loophole to escape if consumers move the court against them,?? said the secretary, Consumer Welfare Forum, A Vashisht.

    In defence, Siticable officials claim that Star TV has informed them of a survey result putting the number of connections in Jammu at 16,000, while Siticable claimed lower connectivity. A week after receiving a payment of Rs 1.55 lakh from Siticable, Star asked for additional payment on the basis of this survey report, fixing a four-day deadline.

     

     

  • Launch of DD channel for the northeast put off to Dec 27

    Submitted by ITV Production on Dec 23, 2000

    Doordarshan has deferred to December 27 the launch of its channel catering to India?s northeastern states.

    The channel was earlier to be launched on Saturday but in view of Christmas celebrations this was postponed, Information & Broadcasting Minister Sushma Swaraj, said on Friday in New Delhi. She will be inaugurating the channel at Guwahati in Assam, reports Press Trust of India.

    Chief ministers of all the seven states and Sikkim have been invited for the launch, she said. The channel will initially run for nine-and-a-half hours and will ultimately beam for a full 24 hours she added .

    Swaraj said emphasis will be laid on local and regional items on the channel which is aimed at giving people of the remote areas better access to DD.

     

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