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Tag: Viacom

  • Viacom asks shareholders to reject ‘Mini-Tender’ offer by TRC Capital

    Viacom asks shareholders to reject ‘Mini-Tender’ offer by TRC Capital

    MUMBAI: Canadian firm TRC Capital, which has been known for making “mini-tender” offers for stock in big companies at below-market prices, has now targeted Viacom Inc. 

     

    TRC Capital has made an unsolicited “mini-tender” offer to purchase up to 2.5 million shares of Viacom Class B common stock at a price of $38.88 per share, which is approximately 4.7 per cent below the closing price on 22 December, 2015, the day before commencement of the offer, and approximately 5.6 per cent below Wednesday’s closing price of $41.18. The offer is for approximately 0.72 per cent of the outstanding Class B shares of Viacom common stock as of 4 November, 2015.

     

    Viacom says that it does not endorse TRC’s unsolicited mini-tender offer and recommends that shareholders do not tender their shares.

     

    The media behemoth has recommended that shareholders exercise caution with respect to TRC’s unsolicited mini-tender offer, and notes that the offer price is below Viacom’s current share price. The company also noted that the offer is subject to the satisfaction of a substantial number of conditions, including the absence of any decrease in the market price of the company’s shares from the price on the date of the offer and the ability of TRC to finance the offer. If the market price of Viacom shares falls or TRC cannot obtain financing, TRC is permitted to terminate the offer and not purchase any shares.

     

    “Viacom strongly encourages shareholders to obtain current market quotations for their shares, and to consult with their broker or financial advisor. Shareholders who already have tendered their shares are advised that they may withdraw their shares by providing the written notice described in the TRC offering documents prior to the expiration of the offer, currently scheduled for 12:01 a.m. eastern time on Friday, 22 January, 2016,” the company said.

     

    TRC Capital has made many similar mini-tender offers for the shares of other companies. Because TRC Capital’s mini-tender offer is for less than five per cent of Viacom’s outstanding shares, it is not subject to many of the disclosure and procedural requirements of the Securities and Exchange Commission (SEC) that are designed to protect investors. The SEC has cautioned investors about mini-tender offers, noting that “some bidders make mini-tender offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price.”

  • Live Viacom18 aims high with experiential marketing

    Live Viacom18 aims high with experiential marketing

    MUMBAI: Recognising the power and potential of experiential marketing, Viacom18’s on-ground arm  Live Viacom18 is all set to take things to the next level. What launched in 2013 with 12 shows, has expanded to more than 300 events in 2015, with 12 solid intellectual properties to its name. From VH1 Supersonic, MTV Bollyland, Emerge to Chuckle Festival, the list is long.

     

    What’s more, the company didn’t stop at just establishing brands but extended the property with every passing year, be it through campus interactions, club nights across tier II and III cities, to engagement through heavyweight events.

     

    “The idea was to expand each event into several individual extensions, which run through a year. We saw a tremendous growth story by following this strategy. That also ensured that advertisers and consumers have a sustained visibility and access to the properties throughout the year,” says Live Viaocm18 senior vice president and business head Jaideep Singh.

     

    Identifying the advantage that experiential marketing gives brand is the key reason for the initiative’s success across the country in such a short time. Not only has it been successful in multiplying eyeball reach exponentially, it has also managed to establish each of the properties as individual brands with a loyal following.

     

    “From our network perspective, we have premium brands in all the spaces from Nickelodeon to Vh1 to MTV to Colors, which are brands that can take live event space to the next level. Fortunately we are positioned rightly to make the optimum use out of this space and provide advertisers with the same. And these IPs cannot exist in isolation, they need a certain ecosystem as well, which we can create by leveraging the 150 million plus broadcast eyeballs that we command, and 95 million digital footprints that we reach. Viacom18 is our answer to exploiting such a massive reach in the live space,” he points out.

     

    “We have plans to touch one million people in terms of our live events. We are looking at taking us to 25 cities and 300 odd events through the year. The biggest contributor to this massive on ground success of Viacom18 is no doubt our flagship property VH1 Supersonic, which is synonymous with the country’s EDM music scene,” he adds.

     

    With the third instalment of the mega five day EDM extravaganza hitting the country from 27 December, Singh shares that the expectations are quite high from this year’s lineup, audience turnover as well as brand integration and partnerships.

     

    “Last year was fantastic. We felt so connected with our fans who attended the festival and the bond will only grow stronger this year. Building on last year’s success where approximately 100,000 dance music fans surrendered to the enigma of dance music at Candolim beach, we have been inspired to make this year’s edition of Vh1 Supersonic a much grander affair,” Singh shares.

     

    “Our vision at Live Viacom18 is to provide dance music fans with a holistic experiential experience thereby igniting the collective passion for dance music and fulfil the needs of devoted music lovers. The third edition of this festival with its exciting line-up of artists and association with the global music fraternity will be an experience that fans will remember for a long time to come,” he signs off.

  • FY-2015: Lower Filmed Entertainment numbers drag Viacom revenue down 3.7 percent

    FY-2015: Lower Filmed Entertainment numbers drag Viacom revenue down 3.7 percent

    BENGALURU: Viacom Inc (Viacom) reported 3.7 percent drop (reduced by $515 million) in revenue for the year ended September 30, 2015 (FY-2015, current year) at $13,268 million as compared to $13,783 million in FY-2014. Viacom says that the fall in revenue was due to due to lower revenues across the distribution windows. Of the two segments that the company has, Filmed Entertainment reported 22.6 percent (reduced by $842 million) lower revenue in FY-2015 at $2,883 million as compared to $3,725 million in the previous year.

     

    Viacom says that excluding an unfavourable 2 percent impact of foreign exchange, revenues declined 2 percent, while excluding an unfavourable 2 percent and 4 percent impact of foreign exchange, Filmed Entertainment revenues declined 19 percent.

     

    The company’s operating income fell 22.8 percent (reduced by $970 million) to $3,112 million from $4,082 reported for last year. Adjusted operating income decreased 5 percent ($205 million) to $3,920 million in FY-2015. Adjusted results exclude the impact of restructuring and programming charges totalling $784 million and a non-cash pension settlement loss of $24 million in 2015 and a non-cash impairment charge of $43 million in 2014. Including the impact of these items, operating income decreased $970 million, as mentioned above.

     

    Filmed Entertainment segment’s adjusted operating income reduced 45.9 percent (reduced by $94 million) in the current year to $111 million as compared to $205 million in the company’s previous fiscal. The lower adjusted operating income for this segment reflects lower contribution from films in release across the distribution windows says Viacom. Last quarter (Q3-2015), also lower results from the Filmed Entertainment segment had pulled down the company’s revenues by 11 percent.

     

    The company’s other segment, Media Networks reported 3.1 percent (increased by $319 million) increase in revenue in FY-2015 to $10,490 million from $10,171 million, driven primarily by higher affiliate fees and advertising revenues. Media Networks adjusted operating income reduced by 3 percent (reduced by $128 million) in the current year to $4,143 million from $4,271 million in FY-2014. Viacom says that higher revenues from the segment were more than offset by an increase in programming and marketing expenses.

     

    Viacom Executive Chairman Sumner M Redstone said, “Viacom continues to create some of the most compelling and entertaining content in the world. I am confident that Viacom’s leadership team will continue to lead through our industry’s period of transition and succeed well into the future.”

     

    Viacom President and Chief Executive Officer Philippe Dauman said, “Viacom’s fourth quarter and year-end results are indicative of our progress in key areas, including recent ratings improvement and renewals of important distribution agreements. Our strategy of increasing and accelerating investment in original content and expanding our profitable international footprint are among the major factors driving this success, which we believe will continue in 2016 and beyond. We are making great progress in tackling industry-wide inefficiencies in audience measurement, while expanding our audience reach with landmark distribution agreements.

     

    “Viacom’s family of Media Networks are the most watched by highly coveted younger audiences, and we are building engagement on all platforms, leading to first-of-their-kind marketing opportunities with our advertising partners. Our investment in content continues to grow, supporting an unprecedented amount of quality original programming and a more robust slate of films. In addition, in fiscal 2015 we launched 21 channels overseas – including six in India – fuelling the fastest international growth in our history.”

     

    Segment Performance

     

    As mentioned above, two segments contribute to Viacom’s numbers-Media Networks, which has three components – Advertising, Affiliate Fees and Ancillary; and Filmed Entertainment which has four components-Theatrical, Home Entertainment, License Fees and Ancillary.

     

    Media Networks

     

    Excluding an unfavourable 2 percent impact of foreign exchange, worldwide revenues increased 5 percent. Domestic revenues were $8,635 million, an increase of $10 million. International revenues were $1,855 million, an increase of $309 million, or 20 percent, primarily due to the acquisition of Channel 5 Broadcasting Limited (Channel 5), partially offset by foreign exchange, which had a 10 percentage point unfavourable impact on international revenues says Viacom.

     

    Advertising

     

    Worldwide advertising revenues increased $54 million, or 1.1 percent, to $5,007 million in FY-2015 . Domestic advertising revenues decreased 7 percent. The company says that while pricing remained essentially flat, softer ratings caused lower audience delivery, reducing impressions and associated revenue. International advertising revenues increased 60 percent, reflecting growth in Europe driven by the acquisition of Channel 5, partially offset by the impact of foreign exchange, which had a 10 percentage point unfavourable impact on international advertising revenues.

     

    Affiliate Fees

     

    Worldwide affiliate fees increased $248 million, or 5.3 percent, to $4,908 million in FY-2015. Domestic affiliate revenues increased 8 percent, driven by rate increases as well as the benefit of distribution arrangements which are affected by the timing of available programming. Excluding the impact from the timing of product available under these distribution agreements, domestic affiliate revenues grew in the mid-single digits. International revenues decreased 7 percent, principally due to foreign exchange, which had an 11 percentage point unfavourable impact, partially offset by an increase in revenues driven by the launch of new channels and new distribution agreements.

     

    Filmed Entertainment

     

    Excluding an unfavourable 4 percent impact of foreign exchange, worldwide revenues declined 19 percent, due to lower revenues across the distribution windows reflecting the mix of films. Domestic revenues were $1,374 million, a decrease of $347 million, or 20 percent. International revenues were $1,509 million, a decrease of $495 million, or 25 percent, with foreign exchange having an 8- percentage point unfavourable impact on international revenues.

     

    Theatrical revenues :in the current year reduced 30.4 percent (reduced by $368 million) to $841 million from $1209 million due to the mix of releases, partially offset by higher carryover revenues of $54 million from prior year releases, principally from Teenage Mutant Ninja Turtles. Domestic theatrical revenues decreased 26 percent and international revenues decreased 34 percent. Foreign exchange had a 10 percentage point unfavourable impact on international theatrical revenue

     

    Home Entertainment: Worldwide home entertainment revenues decreased $293 million, or 25.2 percent, to $871 million FY-2015, reflecting a decline in revenues from third-party distribution titles, carryover revenues from prior year releases and Viacom’s current year releases due to the mix of titles. Significant titles in the current year included Teenage Mutant Ninja Turtles,Interstellar and The SpongeBob Movie: Sponge Out of Water, while the prior year includedTransformers : Age of Extinction, The Wolf of Wall Street, Noah and Jackass : Bad Grandpa. Domestic and international home entertainment revenues decreased 16 percent and 35 percent respectively. Foreign exchange had a 7-percentage point unfavourable impact on international home entertainment revenues.

     

    License Fees :decreased $135 million, or 12.1 percent, to $980 million FY-2015, primarily driven by the mix of available titles.

     

    Ancillary:Ancillary revenues decreased $46 million, or 19.4 percent, to $191 million in FY-2015, primarily driven by a benefit from the sale of certain distribution rights in the prior year.

  • MTV president Stephen Friedman quits; Discovery’s Sean Atkins steps in

    MTV president Stephen Friedman quits; Discovery’s Sean Atkins steps in

    MUMBAI: After a seven year stint, MTV president Stephen Friedman is stepping down from his post. The move comes in the wake of ratings drop that MTV’s parent company Viacom Inc. is witnessing on many of its channels.

     

    Soon after Friedman announced his resignation, Viacom said that it had appointed Discovery Communications general manager and executive vice president of digital media and strategy Sean Atkins as MTV’s new president. 

     

    Atkins will be overseeing all creative and business operations for the youth entertainment brand and its sister networks, MTV2 and mtvU. He will report to Viacom Music and Entertainment Group president Doug Herzog.

     

    MTV’s programming co-heads, executive vice president and head of scripted development Mina Lefevre and head of reality programming and executive vice president of series development Lauren Dolgen will report directly to Atkins.

     

    “Sean is smart, creative, passionate, and remarkably energized about the sea change at hand in our industry. The strength of MTV lies in its ability to constantly reinvent, and Sean’s forward-thinking, versatile leadership will ensure our brand and business continue to evolve and deliver for our audience,” said Herzog.

     

    With experience at Discovery, HBO, and Yahoo!, Atkins has held leadership positions across development, digital media, production, strategy, marketing, product development, and consumer products. He was a driving force behind Discovery’s 2012 acquisition of millennial-focused Revision3, among the first strategic acquisitions of a multi-channel network by a major media and entertainment company.

     

    Prior to joining the digital media team, Atkins ran the West Coast for Discovery Studios, Discovery Communications’ full-service production studio that develops and produces original programming.

     

    Atkins joined Discovery from HBO where, as senior vice president of digital media. Previously, he was head of programming and development at Yahoo! Entertainment. Before that he was acting-COO for Vulcan Programming. He served concurrently as executive vice president of A. Smith & Co, overseeing development and production for the company. Previously, Atkins also held positions with Warner Bros., Mediaconnex and Disney.

     

    Meanwhile, in his parting note via an internal memo, Friedman said, “After 18 years, including seven at the helm of MTV, it reminds me of what originally inspired me to work here. When I was hired to create the pro-social department, I was told, ‘Your job will be to use MTV’s superpowers for good.’ While I had personally experienced the cultural power of MTV, it wasn’t until I started working here that I understood the true power behind the brand. Those ‘superpowers’ originate with you. Each of you brings your own calling, your own desire to take risks and make new history.”

     

    Speaking about his next move, he added, “Having been blessed to work with you and be part of this remarkable brand for the better part of my career, I am leaving to return full time to what tempts my soul to rise. My next adventure will be focused full time on giving back, on social impact, and on applying what I’ve learned from MTV about the power of brands and storytelling to create positive change. What MTV understood at its inception, a growing part of the world is now actively pursuing. We’re in the midst of a boom of mission driven companies that are redefining business while tackling some of the biggest social challenges we face.”

  • Viacom to roll out mobile TV apps suite across 180 countries in Q4-2015

    Viacom to roll out mobile TV apps suite across 180 countries in Q4-2015

    MUMBAI: Viacom has launched a suite of mobile TV apps under the brand name Viacom Play Plex, which will allow its distribution partners to offer smartphone and tablet users around the world access to the best content from all its international TV brands, anytime and anywhere.

     

    Starting in the fourth quarter of 2015, the Viacom Play Plex apps will be available to launch in every one of the 180 international territories in which Viacom owns and operates TV channels, including India.

     

    There will be a separate mobile Play app for each of Viacom’s international TV channel brands namely Comedy Central, MTV, Nickelodeon, Paramount Channel, Spike and BET – offering video-on-demand (VOD) access to a range of current and library content, as well as a live, local linear stream of the relevant channel, and other content including games for Nick Play.

     

    Viacom is exploring a number of different distribution options for Viacom Play Plex, with the suite of apps being offered on both a collective and standalone basis to existing pay TV partners in every territory to integrate into their TV Everywhere services where available. A number of pay TV providers have already signed deals with Viacom to offer subscribers authenticated access to the Nick app, including NOS in Portugal, while Viacom is collaborating with a number of other providers on upcoming launches including Foxtel in Australia and OSN in the Middle East and North Africa region. The Nick app, which has been rolled out in five international markets since 2013, is being updated and rebranded as Nick Play internationally to become part of Viacom Play Plex.

     

    Viacom will also look for new distribution partners for the Viacom Play Plex apps, including mobile network operators.

     

    Viacom International Media Networks president and CEO Bob Bakish said, “Viacom Play Plex offers us maximum flexibility in distributing our content as the way viewers consume their favorite TV shows continues to evolve. These apps are designed to complement our linear pay TV channels and to allow our existing distribution partners to deepen and improve the entertainment experience they offer their subscribers. But, Viacom Play Plex also opens up new distribution opportunities for us, particularly in the fast-growing mobile TV sector, and, ultimately, positions us to succeed in a world of more personalised entertainment services and greater consumer choice.”

     

    Each branded Play app will be localised for each country in which it is made available, both in terms of language and available content, giving users more ways to access Viacom’s shows such as SpongeBob SquarePants, Catfish: The TV Show and Lip Sync Battle, as well as local productions.

     

    Mobile TV viewers everywhere will enjoy an intuitive, video-focused user interface and enhanced video player, which reduces loading and buffering times, as well as an algorithmic menu that adapts to their tastes. Apps will include social and sharing components, and will be available in both iOS and Android to download from the Apple App store and Google Play store respectively.

     

    Bakish added, “Viacom Play Plex allows viewers across the globe to watch the TV shows they love from their favorite Viacom brands anytime and anywhere. We believe no other international entertainment company is offering this type of innovation at this scale, serving every major demographic in every major TV market.”

  • Viacom launches new ad sales division to lead GenX products

    Viacom launches new ad sales division to lead GenX products

    MUMBAI: In a move to tap new social and data products for ad sales, Viacom has launched a new division within Viacom Ad Sales called Velocity Products Group, which is designed to bring multi-platform social partnerships, products, and services to clients.

     

    In addition to offering a specialized set of Velocity Product experts that are aligned with each Ad Sales team, the group harnesses the collective power of Ad Sales’ social and data products to super-serve clients. The Velocity Products Group will also drive partnerships with key external social media platforms, including Snapchat, Twitter, and Tumblr.

     

    “Intense demand for our innovative products during this Upfront season made it a strategic necessity to create a group singularly dedicated to evolving and developing our industry-leading offerings. As the industry’s largest sales distribution network, Viacom’s Ad Sales organization and the new Velocity Product Group bring our ad partners unrivalled creativity, cutting edge possibilities, and expertise to connect them with our highly-engaged millennial audience,” said Viacom head of sales Jeff Lucas.

     

    Year-over-year, Ad Sales has doubled the number of advertisers utilizing the suite of product offerings from the Velocity Product Group, totaling more than 100 blue chip clients after this year’s Upfront.

     

    Elizabeth Herbst-Brady, who reports to Lucas, oversees the team in her expanded role as executive vice president of Ad Sales Strategy and Products. Reporting to Herbst-Brady are SVP Strategy Kalina Nikolova as well as Sarah Iooss, who steps into the newly created role of SVP, Velocity Product Group. Deborah Brett has been named VP of Velocity Products Group reporting to Iooss.

     

    This new team of nearly two dozen Velocity Product experts is charged with growing strategic partnerships, spearheading product development, and augmenting sales efforts across the entire Viacom network portfolio.

     

    The group will also be the bridge between advertising partners and 645 million socially engaged fans across Viacom’s brands.

     

    Velocity Product Group’s offerings consist of a comprehensive slate of solutions, including:

     

    • Viacom Vantage – Using a combination of Viacom’s proprietary data and third party data from multiple sources, Vantage offers advertisers precise consumer targeting and unmatched predictive capabilities

    • Echo – A strategic approach to harnessing Viacom’s unparalleled social reach with customized programs for ad partners. The groundbreaking analytics tool, Echo Social Graph, measures engagement deeply and holistically by tapping multiple social platforms, including those outside of Viacom’s own portfolio.

    • The Social Talent Platform – Velocity makes talent engagement turnkey by giving advertisers direct access to a growing roster of social superstars for custom campaigns.

    • Integration+ – This offering gives advertisers added flexibility and choice when customizing their branded entertainment opportunities.

    • Pulse Real-Time Marketing – An exclusive multi-platform functionality that puts partners into the cultural conversation with sharable content in their authentic voice.

    • Social Media Advertising Partnerships – Key social media partnerships with Twitter, Snapchat, and Tumblr bolster the reach and impact of social-by-design campaigns.

  • Q3-2015: Poor Filmed Entertainment drives Viacom revenue down 11%

    Q3-2015: Poor Filmed Entertainment drives Viacom revenue down 11%

    BENGALURU: Viacom Inc reported 11 per cent decline in revenue in the quarter ended 30 June, 2015 (Q3-2015) at $3058 million as compared to the $3421 million in the corresponding year ago quarter. 

     

    The company’s quarterly revenues declined due to lower theatrical revenues in its Filmed Entertainment segment, which scheduled no wide theatrical releases in the quarter. Filmed Entertainment revenues declined by a massive 44 per cent to $479 million in the current quarter as compared to the $856 million in Q3-2015.

     

    Viacom’s operating income remained almost flat at $1084 million in Q3-2015 as compared to the $1086 million in Q3-2014.

     

    Viacom’s other segment, Media Networks reported almost flat revenue at $2597 in Q3-2015 as compared to the $2591 million in the corresponding quarter of the previous year, the slight increase of $6 million was due to higher affiliate fees.

     

    Absent an unfavourable two per cent impact of foreign exchange, Media Networks revenues increased two per cent. Worldwide and domestic affiliate revenues rose two per cent, driven by rate increases. Excluding the impact from the timing of product available under certain distribution agreements, domestic affiliate revenues grew in the mid-single digits. Domestic advertising revenues decreased nine per cent, due to a decline in traditional ratings. Worldwide advertising revenues decreased two per cent, which reflects a 58 per cent gain in international advertising revenues driven principally by Channel 5.

     

    Filmed Entertainment revenues decreased largely due to a decline in theatrical revenues of 92 per cent related to the timing of the summer season theatrical slate. In the prior year, Transformers: Age of Extinction was released in the third quarter, while this year’s summer tentpoles, Terminator: Genisys and Mission: Impossible – Rogue Nation, were widely released in the fourth quarter. 

     

    Worldwide home entertainment revenues decreased 30 per cent, to $199 million in the quarter, and ancillary revenues declined 43 per cent, primarily driven by the benefit in the prior year of the sale of certain distribution rights.

     

    Viacom executive chairman Sumner M Redstone said, “Viacom is meeting the challenges of a rapidly-changing media landscape by creating exciting, unique content that connects with audiences on all platforms. Our management team is positioning Viacom for success, and I am confident that we have the strategies in place to thrive.”

     

    Viacom CEO Philippe Dauman added, “Viacom continues to drive change in our business, creating unprecedented levels of original content, forging innovative marketing and distribution partnerships, and prioritizing international growth through organic expansion and strategic investments. Our Media Networks are quickly bringing innovative data-based advertising products to market,   broadening our sales capabilities and developing new solutions for marketing partners that capture the full scope and depth of our powerful multiplatform brands. We introduced several popular new series in the third quarter, including Lip Sync Battle and Scream and expanded agreements with important distribution partners. Paramount also set the stage for the return of one of the studio’s most successful franchises, Mission: Impossible, and is anticipating the broadcast premiere of the first Paramount Television production, Minority Report, next month.

     

    “Underpinning this, we are operating more efficiently than ever, accelerating content development and delivering programming more quickly to audiences on all screens. We maintain a strong balance sheet, giving us significant financial flexibility and we remain committed to resuming Viacom’s share repurchase program in October,” said Dauman.

  • Viacom names Alex Berkett as SVP, corporate development

    Viacom names Alex Berkett as SVP, corporate development

    MUMBAI: Viacom Inc has appointed Alex Berkett to the position of senior vice president, corporate development.

     

    In this role, Berkett will lead the company’s global corporate development and mergers and acquisitions functions. Based in New York, he will report directly to Viacom CFO Wade Davis.

     

    Berkett will identify and develop growth opportunities for Viacom and its brands, including partnerships, acquisitions, investments and joint ventures. He will also work closely with senior executives across the company to advise on and lead deal negotiations.

     

    Berkett joins Viacom from Townsquare Media, a publicly-held diversified local media company he co-founded in 2010. At Townsquare, he served as executive vice president, responsible for corporate development, mergers and acquisitions, corporate finance, investor relations and a variety of other senior functions.

     

    “We’re thrilled to welcome Alex to Viacom, where he will oversee our efforts to forge new partnerships, explore opportunities in innovative new businesses and help advance the company’s strategic goals. Viacom is committed to continued investment in key areas of growth, and Alex’s deep knowledge of media, strong transactional track record and entrepreneurial background make him the right choice to expand our capabilities in new and exciting ways. Alex is a proven leader and has the skills and experience to hit the ground running,” said Davis.

     

    Prior to his work at Townsquare, Berkett worked in J.P. Morgan’s Technology, Media & Telecom Investment Banking Group, which he joined following the firm’s acquisition of Bear, Stearns & Co. Berkett spent eleven years in the investment banking division of Bear Stearns, rising to managing director, where he focused on merger and acquisition advisory for media and entertainment companies.

  • Canada’s ATN bags telecast rights for India – Bangladesh cricket series

    Canada’s ATN bags telecast rights for India – Bangladesh cricket series

    MUMBAI: Canada’s South Asian broadcaster Asian Television Network International Limited (ATN) has acquired the exclusive broadcast rights for India vs Bangladesh Bilateral Cricket series, which is being held in Bangladesh.

     

    India’s tour of Bangladesh, which starts today (10 June, 2015) features one Test match and three One Day Internationals (ODI). The last Test between both countries was played in 2010.

     

    The series will air live on CBN & ATN Cricket Plus.

     

    ATN serves Canada’s diverse cultural communities with 54 specialty television channels. ATN has programming alliances with broadcasters like Doordarshan, Star Network, Sony Entertainment Television, Viacom, Times Television Network, B4U Network, NDTV and Disney amongst others.