Huge valuation: NBC Universal pays $150 million for part of NDTV
With over a billion residents, India is a market that Western companies can’t ignore. The latest big media conglomerate to make a significant play in the region is NBC Universal, which has struck a partnership with New Delhi Television Limited (NDTV), India’s largest news and infotainment network. The deal, worth $150 million, gives NBCU an indirect stake of 26 percent of NDTV.
This means NDTV has a valuation significantly larger than when Velocity Interactive Group put… Continue Reading
Broadband Enterprises raises $10M to help with video shift online
Movie, television and radio writers have been on strike since last fall — and when they come back they may find all their viewers gone.
You’d think American Idol’s viewer ratings would be immune to the strike, because it doesn’t have any writers. But its numbers have dropped sharply compared to a year ago, Why? Viewers are going online.
YouTube traffic has gone up 18 percent over the last two months, and Sony’s online video site… Continue Reading