Tag: NDTV

  • Media stocks big gainers

    Media stocks big gainers

    MUMBAI: Sparked by a buoyant stock market, media stocks stood as big gainers on Monday. While the Bombay Stock Exchange benchmark Sensex scaled a new high to end the day 56.10 points up at 13,186.89, strong activity was seen in media scrips like Balaji Telefilms, TV18 and Zee Telefilms.

    “There is a strong sentiment in favour of media stocks. Major action is happening in this sector and financial performances are improving,” said a market analyst.

    Balaji Telefilms gained 10.4 per cent in today’s trade, moving up from the previous close of Rs 158.55 to end the day at Rs 175. TV18 rose 10.18 per cent to close at Rs 898.55 while UTV went up by 9.26 per cent to Rs 221.75.

    Most of the other media stocks also firmed up with Zee Telefilms seeing a 3.62 per cent rise to close the trading session at Rs 337.65. Among the other gainers were TV Today (5.79 per cent to Rs 75.85), Sun TV (1.81 per cent to Rs 1264), Adlabs (1.88 per cent to Rs 365.55), K Sera Sera (1.43 per cent to Rs 31.95) and Bag Films (3 per cent to Rs 9.27). NDTV saw a marginal rise of 0.38 per cent with the scrip closing at Rs 236.30. Hinduja TMT, however, dipped by 1.48 per cent to Rs 519.15.

    “There is investment interest in media companies from private equity and non media players,” said an analyst in a brokering firm.

    A recent indication of this is the buyout of 51 per cent stake in Asianet by former chairman and BPL Mobile CEO Rajeev Chandrasekhar. Several media companies have also recently raised money through public offerings. Raj Television Network Ltd has just filed documents with the market regulator, Securities and Exchange Board of India (Sebi), for its initial public offering (IPO).

    “The media sector is set for further growth as digitalisation sets in. There is bound to be a rub-off effect in such stocks,” the analyst said.

  • NDTV launches opt-out tech for Delhi with ‘Fight for Delhi’

    NDTV launches opt-out tech for Delhi with ‘Fight for Delhi’

    MUMBAI: After launching the opt-out technology in south-only and Kolkata-only shows, NDTV has announced to use its opt-out technology to launch a special show for Delhi.

    NDTV 24X7’s Delhi viewers will now have a 30-minute show dedicated to the news that affects the capital. Using its opt-out technology, starting 6 November. The channel will broadcast Fight for Delhi at 7.30 pm on weeknights. While the capital watches this show, the rest of the country will watch NDTV 24X7’s national beam.

    Fight For Delhi will bring the people of Delhi face-to-face with their elected representatives so they can get an immediate response to their concerns, states an official release.

    “It’s a problem-solving show that forces bureaucrats, ministers, anyone who’s in charge to commit on air, to making the change that people want. And we will follow up on the promises that they’re made. It’s a show that campaigns for Delhi and its people,” says NDTV 24X7 managing editor Sonia Singh.

    “Sheila Dikshit, has committed to meeting voters once a week on this show. Our viewers will share their issues with her, and she will appoint a person to help them out by a fixed date,” comments NDTV chairman Prannoy Roy.

    The statement issued by the company stated that NDTV’s opt-out program in South India, ‘Southern Edition’, generated a huge response in the four states it airs every night at 7 pm. Viewers in Andhra Pradesh, Karnataka, Kerala and Tamil Nadu watch their own local news on this show, while the rest of the country receives NDTV 24X7’s national beam. Once a week, southern viewers also get their own edition of “The Big Fight”, an NDTV hallmark. With the use of the opt-out technology, viewers in Kolkata also watched city-specific programming during Durga Puja.

    Opt-out technology, developed by NDTV, enables geographical areas to receive an independent video signal. It’s based on automatic satellite transmission without any manual intervention. There are individual boxes that are programmed to receive and switch frequency at the desired time to shift out of the regular feed and again switch back to the main feed when the opt-out is over.

  • NDTV enters e-recruitment space with ndtvjobs.com

    NDTV enters e-recruitment space with ndtvjobs.com

    MUMBAI: E-recruitment seems to be the catch phrase for both portal companies and news broadcasters. NDTV Ltd has entered into this market by launching a job portal– ndtvjobs.com, post the announcement of launching a slew of TV channels, including a Hindi general entertainment channel through NDTV Ventures. 

    This move may be an indication that the New Delhi based news broadcaster has set its’ eye on the growing internet opportunity. The new recruitment portal is in cooperation with Bangkok based Yello, the parent company of Yellojobs.com India and owner of multiple classifieds and jobs sites in South East Asia.

    Television Eighteen, earlier this year, had picked up a stake in JobStreet.com India and Bharat Matrimony Group also expand its offering by adding the job portal, www.clickjobs.com. 

    According to an official release, NDTVjobs will simply not accept every job and every candidate. It has clearly defined criteria and is the first job site in India to do so: – only jobseekers with at least a Bachelor’s degree can register and – each job posting requires a minimum salary of Rs 1,50 lakhs per annum.

    NDTVjobs uses blogs, reporting international and national news for recruiters and employers, as well as jobseekers. The training and education section is called Boot Camp and currently offers all training and educational institutes free postings of their courses.

    NDTV Media CEO Raj Nayak says: “NDTVjobs.com is a critical addition to our portfolio of online resources for our viewers and subscribers – and it just fits the values and style of NDTV.”

    Yello CEO and founder Andreas Koestler thinks that NDTV is the ideal partner for our new job site – and so are NDTV’s viewers. Yellojobs is about forward thinking educated individuals, who are ‘ahead of the curve’, exactly NDTV’s audience.

    NDTV Media EVP Niraj Dutt says: “Yello’s competency and experience in creating a great consumer experience in running their classifieds sites in Asia was one of the keys to our partnership – we simply wanted the best for our viewers.”

    The e-recruitment market in India is currently estimated at Rs 1.5 billion and likely to grow over 50 per cent year on year. There are an estimated 6.5 million online job seekers out of the 38.5 million Internet users in India. This number is expected to double in the next few years. Job portals are catching on to be the most immediate, economical and comprehensive source of fulfilling the large job requirements that employers have to offer, informs the statement.

  • NDTV to spin off internet arm into separate company

    NDTV to spin off internet arm into separate company

    MUMBAI: Prannoy Roy-promoted NDTV Ltd is all set to spin off its Internet arm ndtv.com into a separate company. This will in turn help the news broadcaster to sell of a stake to help fund new initiatives.

    The company is likely to ratify its plans about the future venture at its the board meeting, tomorrow (17 October).

    The restructuring of the company has been necessitated as it is primarily a news broadcaster, which means that regulatory norms would hamper attracting foreign direct investment (FDI) if the company were to undertake any new venture in the Internet domain or general entertainment.

    Indian government norms stipulate that a news channel uplinking out of India cannot have more than 26 per cent of foreign investment (direct or institutional). This will also help the shareholders of the company to fully unlock value for the company. The restructuring plan is subject to board approval.

    According to information doing the rounds in the broadcast market, the company has also entered into the recruitment service space. It is reported to have tied up with Thailand based Yello Media Ltd. Through this partnership, NDTV will create ndtvjobs.com in association with yellojobs.com. Yello Media also manages a classified ad site named Yello Classified. The company had earlier made an official announcement of divesting its stake during the fourth quarter of 2004-2005.

    NDTV already manages online platforms like ndtvgadgets.com, ndtvtravels.com and ndtvshopping.com.

    The company’s main competitor TV18 Network, which manages business news channels like CNBC-TV18, Awaaz and general news channels like CNN-IBN, IBN7, had recently picked up a stake in JobStreet India Pvt Ltd. The Raghav Bahl-promoted network already owns online platforms – moneycontrol.com, commoditiescontrol.com, poweryourtrade.com and ibnlive.com and is very aggressive with its plans.

  • Star Plus seeks its break; Zee improves: Hindi GEC Q3 Study

    Star Plus seeks its break; Zee improves: Hindi GEC Q3 Study

     

    The Hindi General Entertainment Channel (GEC) space is back in the spotlight. Strategies, counter strategies, experiments and innovations enchant the market, though audiences remain cautious while deciding their staple programming diet.
    The ongoing churn owes a lot to the manner in which Subhash Chandra’s Zee TV made its comeback to the reckoning. Because, this turnaround has forced the channel’s rivals (both leader Star Plus and trailing number three Sony Entertainment) to re-think their strategies and hence, we have a real humdinger of a ratings battle going on these days. This exciting range of happenings has inspired Indiantelevision.com to examine the GEC arena a bit more closely, as it completes its 2006 calendar year’s third quarter.

    Relative channel share- All Day, CS4+ HSM

    A first look at the data gives an obvious picture. Star Plus leads the tally, followed by Zee TV, Sony, Star One, Sahara One and Sab TV (Average market share data, All Day, CS4+ HSM, 1 July to 30 September, Tam).

    Star Plus, which maintained an above 50 per cent average when we did an April 2006 (All Day Part) analysis, has recorded an average market share of 46.1 per cent for the three month period (Average market share data, All Day, CS4+ 1 July to 30 September, Tam).

    Though the channel made its best efforts to improve its position through various new launches during this period, the market share score missed the 50 per cent mark in this period. In September, it even dropped below the 45 per cent mark for the first time since the KBC phenomenon rewrote Indian television history. From 45.9 per cent of July, the channel improved its position considerably to 47.8 per cent in the month of August. However, in September, the share recorded a slight drop at 44.9 per cent.

    However, Star One has recorded an improvement during this period, as compared to its April 2006 share. The channel, which struggled during the first half of the year due to affairs such as cable blackout in certain parts of the country, has now recorded an average channel share of 6.4 per cent, while the April score stood at 5.38 per cent. The channel is now banking on properties such as Nach Baliye 2, Paraaya Dhan and Kadvee Khatti Meethi to better its position by the end of 2007.

    “We have launched about three to four shows during this period including Nach Baliye 2, Saathi Re & Paraaya Dhan (Star One) and Antariksh, Karam Apnaa Apnaa and Prithviraj Chauhan (Star Plus) and the effort is to take on any kind of competition in any time band. Star Plus is not going to sit pretty on its relatively strong position. Now, the effort will be to constantly improve the performance. There will be no let off from our side on this front”, says Star India EVP content Deepak Segal.

    During this three month period, the number two channel Zee TV has actually improved its position – from an average market share of 19 per cent in April 2006 to an average of 22.9 per cent for the July to September period, according to Tam. The score reads like this: July 23.4 per cent), August (22.1 per cent) and September (23.3 per cent). 

    “The turnaround started with Saath Phere and Kassamh Se and the kind of innovations and experiments we employed in our storylines have really contributed to this good performance. This way, we managed to get the audience flow. We have steadied our soaps. The launch of Betiyann has completed our soap range for the year and now the focus is on various other genres. Hence, we will have now programmes such as the mythology Raavan and reality show Cinestars coming up. So, the strategy will revolve around non-soap genres for the next phase,” says Zee TV programming head Ashwini Yardi.

    Sony’s position hasn’t undergone any drastic changes as the channel recorded an average market share of 12.5 per cent for the three month period as compared to its April 2006 score of 12.36 per cent.

    Though flagship channel Sony may be still struggling, but sister channel Sab has been making a slow and steady improvement, on the other hand. The channel which scored an average channel share of 3.04 per cent for April in the All Day Part has improved the score significantly to 4.9 per cent for the June to September period.

    Sahara One, which received an April ‘windfall’ in terms of cricket telecast rights and scored an average market share of 10 per cent during that period, has now gone down in the chart. The channel has scored an average market share of 5.3 per cent for the July to September period in All Day Part.

    Rating Score Card – Prime Time

    Kyunki Saas Bhi… continues to be Star Plus’ channel driver programme. The long running soap of Hindi television recorded its best rating of 14.17 TVR on 31 July, 14.31 TVR on 29 August and 13 TVR on 4 September. The channel has a fixed line up of shows occupying all the top four positions including Kyunki… and the shows are Kahaani Ghar Ghar Ki, Kasauti Zindagi Kay and Kahiin To Hoga. While in July, the fourth and fifth positions were occupied by Baa Bahoo Aur Baby and Kkavyanjali respectively, in August the positons went to special shows Nach Baliye 2 Muh Dekhai and Shaadi Ke Rang Bhabhi Ke. In September, Prithviraj Chauhan (best TVR 7.38) and Karam Apnaa Apnaa (best: 7.12 TVR) made it to the reckoning.

    Zee TV has three different soaps recording the channel’s best ratings in the prime time in these three months. In July 2006, Saath Phere recorded the highest 7.32 TVR, while in August it was the Balaji Telefilms soap Kasamh Se (6.16 TVR). The top slot for the month of September escaped both the shows and went to the finals of Saregamapa Lil Champs (6.81 TVR).

    Zee TV’s good show in the rating chart has a lot to do with the impressive opening week rating its new launches record these days. For example, Banoo Main Teri Dulhann recorded its best launch-month (august) rating of 3.5. TVR. And in September, Dulhann further consolidated its position with a best of the month rating of 4.37 TVR. Ghar Ki Lakshmi Betiyann’s best of the month (September launch) rating stands at 4.99 TVR.

    For Sony, CID continues to be the channel driver with an average rating of 3.5 TVR for the three month period, according to Tam (HSM CS4+). In September, newly launched reality dance show Jhalakk Dikhla Ja has made its appearance in the top 10 chart for Sony. The show has filled the second slot in Sony’s line up with its best rating of 2.95 TVR.

    Betiyann Vs Kahaani Ghar Ghar Ki + Naach Baliye 2

    The month of September also witnessed an interesting battle between Zee TV and Star Plus in the coveted 10 pm slot. The story was about how Zee TV unpacked its biggest soap launch of the year — Ghar Ki Lakshmi Betiyann and positioned it against Star Plus’ unchallenged 10 pm property Kahaani…

    Giving the development to a total new twist was Star One’s strategy to launch Naach Baliye 2 on the same day that Zee scheduled Betiyann’s launch – on 25 September. Though Naach Baliye was slotted in the 8 pm post and it looked the launch had nothing to do with Zee’s 10 pm introduction of Betiyann, Star had different plans in mind. Star One telecast a 2.30 hours special episode of Naach Baliye 2 on 25 September in order to let the celeb dance show’s launch clash with the launch episode of Betiyann. Then on the other side, Star Plus had a spiced up episode of Kahaani…to counter the Zee TV soap.

    Now, let’s see how all these three programmes finally delivered as per Tam ratings:

    The Star ploy of countering Betiyann with Naach Baliye 2 special episode worked well for the channel. Betiyann’s launch ratings stood at 2.58 TVR, while Nach Baliye 2 opening episode recorded a rating of 4.86 TVR (CS4+ HSM). However, it looks like the ploy had backfired in Kahaani…’s case as the soap could gather only 6.14 TVR for the particular day. (Kahaani… normally records a rating of about 8 TVR on an average).

    However, Betiyann recovered from the initial blow quickly and came up with an improved performance during the rest of the week: 3.24 (26 Sept), 4.18 (27 Sept) and 4.99 TVR (28 Sept). And the Betiyann figures also reveal Zee’s success in giving a jolt to Kahaani… in the initial week itself. The Star Plus soap had recorded an average rating of 8.75 TVR in week 38 (17 Sept to 23 Sept). And in the week that Betiyann got launched, Kahaani..’s average rating has slipped to 7.25 TVR, as per Tam.

    Post Script:

    So what is waiting the GEC market in coming months? One genre that is expected to make its presence felt during this period is Reality. Two big ticket reality shows, Sony’s Bigg Brother and Zee TV’s Cinestars, will be unveiled in November. Star One has just kicked off its Naach Baliye 2 and the show has competition from Sony’s celeb dance show Jhalak Dikhla Ja. So the space will have not less than four reality shows engaged in an eyeball war with each other in this quarter.

    Strategy-wise, as Yardi has revealed, Zee TV’s focus will be now on non-soap programmes such as Raavan and Cinestars. Star Plus is looking at the kids genre in a big way and has even accommodated a kids-oriented superhuman show Antariksh in its weekday 8 pm prime time band. The channel has lined up another kids show Lucky for the same slot on Saturdays. As Segal puts it, “We are looking to develop kids also as a key viewer segment of ours. Star has always been popular for its quality kids shows.” Sahara One’s October-November plans will mainly revolve around the upcoming soap Solhah Singaar’.

    As the market leader Star Plus is seeking a good break to go back to its old good days of undisputed leadership and Zee TV uncorking fresh concepts to win back its lost glory, the Hindi GEC space is going through one of its best times. Then we have international players such as BBC and Viacom (reportedly in talks with Sahara One for a stake in the channel) and then our own NDTV gearing up their general entertainment channel plans for the Hindi market.

    So the big question remains: Will all these high profile suitors be able to come up with path breaking concepts and innovative positioning strategies to help the market really expand further?

  • NDTV making ‘CAT’ easy for aspiring students

    NDTV making ‘CAT’ easy for aspiring students

    MUMBAI: If you are worried about admission into the country’s best MBA colleges, then it’s time to forget your worries. An advice for students from NDTV- no need to sweat it.

    Watch NDTV, and find out how to Crack the CAT Code. CAT SCAN on NDTV 24×7 and CAT MANAGER on NDTV INDIA – the 8 part half-hour weekly series starting on 30 September 2006, will provide valuable insights on CAT 2006. 8 episodes, one every week will help the students in preparing for the CAT exam.

    Watch experts like MD of Career Launchers Gautam Puri, senior faculty IIM(A) Ravichandran, Alumnis of IIM (A), Rajul Mahur and Mahesh Natarajan, share their insights, advices and last minute tips on cracking CAT 2006.

    CAT SCAN on NDTV 24X7 and CAT Manager on NDTV India take you from one business School Campus to the next. This program will not only be an informative tool about cracking the CAT exam, but will but will also answer many other queries as to- what is the curriculum like, and what career prospects are on offer here? It will also provide information on financial aid besides how to deal with stress.

  • Pubcaster DD does high definition twist

    Pubcaster DD does high definition twist

    MUMBAI: The Marathi TV creative community in Mumbai was excited last month. The reason: pubcaster Doordarshan flagged off a high definition (HD) production studio at its Mumbai kendra. Set up at a cost of Rs 18 crore, the studio has already started producing music programs, plays, series and shows such as Aaj Che Dawedaar Uddyache Super Star and Dhina Dhin Dha which come on DD Sahaydari.

    Mukesh Sharma says that the broadcaster is moving towards an HD world

    While this is great, says a media observer, it is a case of putting the cart before the horse as DD has no HD transmitters. The net result: it has been downgrading the programs to standard definition (SD) for terrestrial and satellite telecasts of DD daily.

     

    Agrees DD Sahyadri Additional director general (programming) Mukesh Sharma adding that the studio will only be used for HD content production. “We are looking at changing and adapting to HD and this is the first stage,” says Sharma.

     

    The Mumbai HD set includes six new Ikegami HD cameras, Dolby surround system, new microphones, a Kayak switcher as well as a new post production set up for editing. The system integration for the approximately 900 sq metre of an old studio in the new DD building in central Mumbai was done by Shaf Broadcast. The pub-caster currently has plans to upgrade its old world SD transmission network to HD over the next few months. Reports are that some 10 terrestrial HD TV channels are on the anvil.

    It says it does not want to wait until it starts transmitting in HD; it would rather build its program catalogue in HD now for future exploitation. We are going to have more studios in metros like Chennai, Bangalore, and Kolkata very soon, added Sharma. The first to come online with its HD set up was Delhi in May 2013.

    DD’s attempt to adapt to changes by introducing HD systems

     

    Questions are being raised whether DD is doing the right thing migrating to HD? Will it be more money down the drain for a broadcaster which has a mandate of public service? Are private players generating enough excitement amongst media planners to allow them to plonk their advertising dollars on their HD chanels?

     

    “Not really,” observes the media observer. “Advertisers are approaching HD channels cautiously. They prefer a shot gun approach on SD channels where they get mass audiences than in a HD service which is being watched by smaller more elite audiences. They obviously are playing safe so far.”

     

    NDTV Lifestyle chief executive director Smeeta Chakrabarti too tends to agree. She has been filming the channel’s show in HD for a few years now and says advertisers have been chary of parking their bucks there. Says she: “The cost of buying HD equipment is not much higher than normal ones but the cost of broadcasting is not recovered through revenue.”

     

    “I don’t know why such a brou-ha-ha is being made about DD moving to HD,” says another media observer. “Almost all of the terrestrial broadcasters the world over have made the transition; DD is doing it in its unique fashion like it does so for all its activities. So be it.”

  • NDTV brings opt-out tech for Kolkata viewers during Durga Puja

    NDTV brings opt-out tech for Kolkata viewers during Durga Puja

    NEW DELHI: NDTV today announced the launch of the `opt-out’ technology in Kolkata starting with Durga Puja and the onset of the festival season.

    This initiative will enable the viewers of Kolkata to watch region-specific news and special programmes on NDTV 24×7. With this launch, Kolkata becomes the fourth location to have the opt-out technology, according to an official statement from NDTV.

    Earlier this year, NDTV had launched the opt-out technology for its viewers in the states of Tamil Nadu, Kerala and Karnataka.

    The viewers of Kolkata will be able to watch the 30 minutes `opt-out’ programming at 10.30 pm everyday, which started on 25 September and will last till 2 October.

    The new technology will enable viewers in Kolkata to watch special programmes, catering to the taste of local viewership during this festive season.

    Opt-out works on a technology, which is an innovative step in the broadcasting system. The process involves automatic satellite transmission without any manual intervention.

    There are individual boxes that are programmed to receive and switch frequency at the desired time to opt-out of the regular feed and again switch back to the main feed when the opt-out is over, with a two second changeover interval between the switch.

    NDTV plans to expand its coverage for the `opt out’ service to other states also in the near future and this will be executed for all its three channels, NDTV 24X7, NDTV Profit and NDTV India.

  • NDTV launches viewers’ choice News Bulletin ‘My News’

    NDTV launches viewers’ choice News Bulletin ‘My News’

    MUMBAI: In a bid to woo its viewers, NDTV announced the launch of viewers’ choice news bulletin, My News.

    The content of the news bulletin will be decided by the viewers of both the channels, NDTV India and NDTV 24X7. All that they have to do is simply vote for what they want to see through SMS. My News will debut on 18 September 2006 at 6.00 pm on NDTV India, and followed by 6.30 pm on NDTV 24X7.

    Announcing the launch, NDTV 24X7 managing editor Sonia Singh said, “This is yet another first by NDTV. We are known for our innovative programming, and for connecting with our viewers. With My News, we turn our viewers into News Editors once a day. We’re very excited about this new initiative, and we think it really reflects our commitment to showing what affects our viewers.”

    Every day, NDTV will offer viewers a news menu on both NDTV 24X7 and NDTV India. This menu will list the top 20 stories of the day. Viewers will then have to select stories, type SMS: MY, followed by the story number to 6388.

    The top 10 stories selected by the viewers’ will be shown in the half-hour news bulletin everyday.

  • Astro eyes acquisition in India, posts strong Q2 net profit

    Astro eyes acquisition in India, posts strong Q2 net profit

    MUMBAI: Astro All Asia Networks Plc has identified India and China as its potential high-growth markets. And the route it wants to take is equity participation in local ventures.

    “We intend to invest and grow our multi-media distribution platforms and content assets — particularly in the key Bahasa, Indian, and Chinese language speaking markets where we hope to consummate joint-ventures with key players across the region in the coming months. We are confident that these major investments, underpinned by our strong balance sheet and robust cash flows from our Malaysian operations, will secure our long term future, and importantly, sustain revenues, profitability and cash flow growth for shareholders in the medium and long term,” Astro Group chief executive officier Ralph Marshall wrote yesterday to the company’s shareholders.

    The company is scouting for equity participation in joint venture with local partners in these large under-penetrated markets, Marshall said. In India, Astro has, along with NDTV and infotech company Value Labs, already bought out Radio Today’s FM radio operations under Red FM brand.

    “Following liberalisation of the radio sector by the Indian Government, we are hopeful of making new investments and thereby participate in further growth of the radio broadcasting sector in the country,” Marshall said.

    In China, an Astro joint venture has secured approval and a 25-year licence to offer advertising services in the country. The joint-venture, with Hangzhou-based Tiansheng Culture Media Ltd, will initially provide marketing and airtime management services to seven radio stations in Zhejiang Province, and subsequently expand its services to other media companies, particularly in the TV broadcasting segment, in other territories across China.

    Astro, meanwhile, has reported a 66 per cent increase in net profit to RM 73.04 million for its second quarter ended 31 July 2006, from RM 44 million a year ago. This was on back of the Fifa World Cup and a strong demand for its pay-TV and advertising services in the period, the company said.

    Revenue rose 14 per cent to RM 569.08 million from RM 499.32 million while earnings per share was 3.79 sen from 2.29 sen.

    During the period under review, the Group has generated free cash of RM 162.6 million. “Taking advantage of the strong financial position, the Group repaid most of its bank borrowings in January this year, and secured access to fresh long-term capital funds totalling USD 300 million on more attractive terms,” Astro said in a release.

    Having recently launched seven channels, Astro plans to add more and has RM 2 billion to fund its expansion plans.