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Thursday, May 12, 2016

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Investment in Turmeric Vision Private Limited and Partnership with Biggest Culinary Celebrity Sanjeev Kapoor Underscores Company's Ambition to Nourish Viewers in India

LONDON - May 12, 2016 - Discovery Communications today announced an agreement to partner with India's top culinary celebrity Sanjeev Kapoor, by acquiring a majority share in Turmeric Vision Private Limited, which owns and operates pay-TV network, FoodFood and its digital products.

Discovery's investment in FoodFood underscores its strategy to deepen and expand its presence in India to grow audience share across all screens, and to complement and strengthen its existing portfolio of female and lifestyle brands including TLC and ID. Tapping into the growing appetite for food programming amongst women across India, Discovery plans to support FoodFood's 100% focus on local programming and products, and to drive further value from the ongoing digitalisation of India. Discovery has also agreed to sell FoodFood's advertising, effective immediately.

India's iconic food personality, pioneer of food programming on television, celebrated entrepreneur and author of best-selling cookbooks, Sanjeev Kapoor, will continue to star in and produce programming for FoodFood as its brand ambassador, and will remain a minority shareholder in the business.

Arthur Bastings, President & Managing Director, Discovery Networks Asia-Pacific, said, 'Discovery's investment in FoodFood further boosts our presence in this important market and broadens our portfolio by adding a category of content that people love. We are excited to partner with the exceptionally talented team, including culinary guru Sanjeev Kapoor, who singlehandedly revolutionised the food television genre in India. Sanjeev's creative flair and personality combined with Discovery's content and operational expertise is the perfect recipe for FoodFood's evolution.'

'Food is no longer just fuel for the body; it has become a social currency that is appreciated universally. We look forward to deepening FoodFood's engagement, particularly in digital, and widening its community outside of India,' Bastings added.

Sanjeev Kapoor, Promoter, Turmeric Vision Private Limited, said, 'FoodFood is widely admired for its highly relevant, topical, varied, entertaining and delectable programming. I am delighted to become a part of the Discovery family and I am confident that this partnership will strengthen FoodFood's reach and affinity with consumers, advertisers and distributors.'

Turmeric Vision Private Limited will be managed as part of Discovery's Asia-Pacific region led by Bastings. Completion of the transaction is expected to occur in the coming weeks, subject to regulatory approvals.

Launched in 2011, FoodFood is India's most recognised cuisine network and is available on leading DTH and cable platforms across India. It has a strategic and growing presence amongst the Indian diaspora across the world which includes UAE, Canada and USA. One of the most engaging brands on digital, the channel's content is also viewed on its FoodFood App, YouTube Channel and website www.foodfood.com. The brand has a wide following on social platforms including Facebook, Google Plus, Twitter and Instagram.

FoodFood's marquee shows span a diverse range from regional Indian food to international cuisines, from health recipes to herb-infused cooking and from kids' meals to tea time snacks. SANJEEV KAPOOR'S KITCHEN features his top 100 recipes including his signature dishes. THE FIT FOODIE presents low-calorie, delicious and contemporary recipes. STYLE CHEF features simple, exotic and unusual recipes using appliances and resources readily available in every Indian kitchen. HI TEA focuses on effortless, fool-proof recipes guaranteed to enrich family evenings.

Discovery has been entertaining Indian audiences with its high-quality and differentiated content for the last 20 years. The company currently operates 11 channels in India: Discovery Channel, Animal Planet, TLC, Discovery Kids, ID-Investigation Discovery, Discovery Science, Discovery Turbo, Discovery Tamil, Discovery HD World, TLC HD World and Animal Planet HD World.

About Discovery Communications

Discovery Communications (Nasdaq: DISCA, DISCB, DISCK) is the leader in global entertainment reaching 3 billion cumulative subscribers in more than 220 countries and territories. Discovery satisfies curiosity, entertains and inspires viewers with high-quality content through global brands, led by Discovery Channel, TLC, Investigation Discovery, Animal Planet, Science and Turbo/Velocity, as well as U.S. joint venture network OWN: Oprah Winfrey Network, and through the Discovery Digital Networks portfolio, including Seeker and SourceFed. Discovery owns Eurosport, the leading pan-regional sports entertainment destination across Europe and Asia-Pacific. Discovery also is a leading provider of educational products and services to schools, including an award-winning series of K-12 digital textbooks, through Discovery Education. For more information, please visit www.discoverycommunications.com.

About Sanjeev Kapoor

Chef Sanjeev Kapoor is the most celebrated face of Indian cuisine. He is the promoter of FoodFood, author of 150+ best-selling cookbooks, restaurateur and winner of several culinary awards. His portal www.sanjeevkapoor.com is a complete cookery manual with a compendium of more than 15,000 recipes, videos, articles and a wealth of information on the art of cooking. For more information, please visit www.sanjeevkapoor.com

Discovery Communications Inc. published this content on 12 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 May 2016 12:17:09 UTC.

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