Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Walt Disney Co    DIS

Delayed Quote. Delayed  - 10/27 10:02:13 pm
94.02 USD   +0.57%
10/24 For AT&T, Time Warner was always on the menu
10/23 AT&T-Time Warner may signal start of new media industry consolida..
10/21 WALT DISNEY : Disney and Destination Imagination Inspire Fans to Thi..
News SummaryMost relevantAll newsSector news 

Network18, Viacom Tie up With Walt Disney in India

share with twitter share with LinkedIn share with facebook
share via e-mail
01/30/2013 | 11:22am CEST

-- IndiaCast to own 74% of venture; Disney UTV to hold remaining stake

-- New venture to offer 35 channels across several platforms

-- Move to help Disney UTV increase visibility in India

(Adds executive's comments, context, background)

By Dhanya Ann Thoppil

BANGALORE--India's Network18 Group Wednesday said its equal joint venture with U.S.-based Viacom Inc. (>> VIACOM'A') has formed a partnership with Walt Disney Co. (>> The Walt Disney Company) to gather content and distribute television channels.

The partnership will be 74%-owned by IndiaCast Media Distribution Ltd. -- the Network18-Viacom joint venture -- and the rest by Disney's India unit, Disney UTV.

Network18 didn't reveal any financial details of the deal but said that both IndiaCast and Disney UTV will move their domestic distribution businesses to the new venture, offering 35 channels across the cable, direct-to-home and Headend in the sky, or HITS, platforms.

The partnership will help Walt Disney -- which currently offers only nine channels in the kids, youth and movies segments in India -- enhance its visibility and improve revenue generation at a time of rapid growth for the country's media and entertainment industry.

According to a 2012 report from the Federation of Indian Chambers of Commerce and Industry and consultants KPMG, India's media and entertainment industry is set to grow at an annual rate of 15% to reach 1.4 trillion rupees ($28 billion) in the next five years.

The new venture, to be headed by IndiaCast Chief Executive Anuj Gandhi, also comes at a time of major change for India's television sector.

The federal government has set a Dec. 31, 2013, deadline for all cable TV networks to convert their transmission signals to the digital format from analog.

The move will help broadcasting companies streamline content distribution and allow for better gathering of user data.

Walt Disney entered India through a partnership with UTV Software Communications Ltd. in 2006. Last year, the U.S. entertainment giant took full control of UTV Software and rechristened the company Disney UTV.

Viacom18 is a joint venture between Viacom and Network 18 Media & Investments Ltd. (532798.BY), the holding company for the Network 18 group, which houses a portfolio of popular entertainment channels such as Colors and the Indian version of MTV.

"There are some clear and unique synergies in this partnership," M.K. Anand, managing director for media networks at Disney UTV, said separately.

"From our point of view, a channel like Colors becomes an extremely good running mate for our movie channels business between UTV Action and UTV Movies," Mr. Anand said on television.

IndiaCast will continue to manage its international distribution business and new media distribution for a few channels separately, Network18 said.

The latest partnership will significantly add to IndiaCast's bargaining power and strengthen its distribution venture business in India, Network18 group Chief Executive Sai Kumar said.

An executive at Viacom18 wasn't immediately available for comment.

IndiaCast, created last July, posted distribution revenue of 2.39 billion rupees in the six months through December. The company is a joint venture between Network18's broadcasting and films arm TV18 Broadcast Ltd. (532800.BY) and Viacom18 Media Ltd.

Shares of TV18 Broadcast were recently trading up 2.1% at 34.10 rupees, while Network18 Media stock was down 1.7% at 37.85 rupees in a Bombay Stock Exchange market 0.2% higher.

Write to Dhanya Ann Thoppil at dhanya.thoppil@dowjones.com

Stocks mentioned in the article : VIACOM'A', The Walt Disney Company
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on WALT DISNEY CO
10/24 For AT&T, Time Warner was always on the menu
10/23 AT&T-Time Warner may signal start of new media industry consolidation
10/21 WALT DISNEY : Disney and Destination Imagination Inspire Fans to Think Outside t..
10/21DJComcast's NBCUniversal Invests Another $200 Million in BuzzFeed
10/21DJJakks Pacific Said to Suspend Toy Sales to Kmart
10/21 WALT DISNEY : Disney Supports Young Leaders with Half-a-Million Dollar Commitmen..
10/19DJGoogle Signs Up CBS for Planned Web TV Service -- Update
10/17 WALT DISNEY : Disney CEO Robert Iger working on leadership book
10/17 WALT DISNEY : Disney and Dole to Launch New Co-Branded Produce Assortment Featur..
10/15 Twitter charts solo path as Salesforce rules out takeover
More news
Sector news : Broadcasting - NEC
10/27 British data prompts global bond sell-off; Wall Street falls
10/27DJFCC Approves New Customer Privacy Rules for Broadband Providers
10/27 Demand for fibre helps BT meet forecasts, pension deficit widens
10/26DJComcast Reports Strong Earnings
10/26DJComcast Reports Strong Earnings, Powered by Rio Olympics -- Update
More sector news : Broadcasting - NEC
News from SeekingAlpha
10/27 HASBRO : Disney Powered!
10/27 Thrilling Thursday - Back To Our Bounce Lines (Again)
10/27 Holiday e-commerce sales seen hitting $92B
10/26 DISNEY SWITCHES DATES : 'Incredibles 2' sooner, 'Toy Story 4' later
10/26 Is The Future Here With Electric And Self-Driving Cars? TSLA And F To Turn In..
Financials ($)
Sales 2016 56 096 M
EBIT 2016 15 125 M
Net income 2016 9 502 M
Debt 2016 17 024 M
Yield 2016 1,51%
P/E ratio 2016 16,19
P/E ratio 2017 15,55
EV / Sales 2016 2,98x
EV / Sales 2017 2,87x
Capitalization 150 248 M
More Financials
Duration : Period :
Walt Disney Co Technical Analysis Chart | DIS | US2546871060 | 4-Traders
Full-screen chart
Technical analysis trends WALT DISNEY CO
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 107 $
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
Robert A. Iger Chairman & Chief Executive Officer
Christine M. McCarthy Chief Financial Officer & Senior Executive VP
John S. Chen Independent Director
Robert W. Matschullat Independent Director
Aylwin B. Lewis Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
WALT DISNEY CO-11.03%150 248
SKY PLC-27.38%16 824
More Results