You will be redirected back to your article in seconds

Turner sells stake in Hindi channel

Real to relaunch as English-language web

Time Warner’s Turner Asia Pacific Ventures has sold its stake in Hindi-language entertainment channel Real and television production house Miditech back to its partners, Alva Bros. Entertainment.

Turner acquired a 29% stake for $20 million in Miditech in 2007 and launched a 50:50 joint venture with Alva called Real Global Broadcasting in 2009, as part of its plans to enter the Hindi-language general entertainment market.

Steve Marcopoto, Turner Broadcasting System, Asia Pacific, prexy said at the time, “Given the market’s strong growth, extremely young population, penchant for media consumption and improving distribution delivery systems, India is one of our biggest growth opportunities.”

The Real channel launched in March 2009 but struggled to make any headway in a crowded market and only managed a 1% market share. The channel soon downsized and CEO Sunil Lulla quit in December to join Times Global Broadcasting.

In the meantime, Turner trained its sights elsewhere and this February it acquired a 92% stake in NDTV Imagine, which has a general entertainment channel, a Bollywood channel and a world cinema channel.

The Alvas now plan to relaunch Real as an English-language web.

General entertainment channels make up 35% of India’s $5.7 billion TV market.

Time Warner operates kids’ offerings Cartoon Network and Pogo in India. The company also holds a 26% stake in broadcaster Zee Entertainment.

More TV

  • SHADES OF BLUE -- "The Hollow

    TV Ratings: 'Shades of Blue' Season 3 Opens at Series Low

    Time Warner’s Turner Asia Pacific Ventures has sold its stake in Hindi-language entertainment channel Real and television production house Miditech back to its partners, Alva Bros. Entertainment. Turner acquired a 29% stake for $20 million in Miditech in 2007 and launched a 50:50 joint venture with Alva called Real Global Broadcasting in 2009, as part […]

  • Kyra Sedgwick Emmy Fashion

    Kyra Sedgwick Talks 'Controversial' Fashion and Becoming a 'More Authentic Self'

    Time Warner’s Turner Asia Pacific Ventures has sold its stake in Hindi-language entertainment channel Real and television production house Miditech back to its partners, Alva Bros. Entertainment. Turner acquired a 29% stake for $20 million in Miditech in 2007 and launched a 50:50 joint venture with Alva called Real Global Broadcasting in 2009, as part […]

  • The Alienist S1 - 101

    'The Alienist' Bosses on Crafting a Scene as 'Microcosm for the Triangle of the Series'

    Time Warner’s Turner Asia Pacific Ventures has sold its stake in Hindi-language entertainment channel Real and television production house Miditech back to its partners, Alva Bros. Entertainment. Turner acquired a 29% stake for $20 million in Miditech in 2007 and launched a 50:50 joint venture with Alva called Real Global Broadcasting in 2009, as part […]

  • Anthony Ramos Shes Gotta Have It

    Anthony Ramos on Turning From 'Hamilton' to TV for 'She's Gotta Have It'

    Time Warner’s Turner Asia Pacific Ventures has sold its stake in Hindi-language entertainment channel Real and television production house Miditech back to its partners, Alva Bros. Entertainment. Turner acquired a 29% stake for $20 million in Miditech in 2007 and launched a 50:50 joint venture with Alva called Real Global Broadcasting in 2009, as part […]

  • Jason Katims Writers Office

    Inside Jason Katims' Memorabilia-Filled Writer's Office

    Time Warner’s Turner Asia Pacific Ventures has sold its stake in Hindi-language entertainment channel Real and television production house Miditech back to its partners, Alva Bros. Entertainment. Turner acquired a 29% stake for $20 million in Miditech in 2007 and launched a 50:50 joint venture with Alva called Real Global Broadcasting in 2009, as part […]

  • YouTube Launches Premium SVOD and Music

    U.K. and International Launches for YouTube Premium and Music Services

    Time Warner’s Turner Asia Pacific Ventures has sold its stake in Hindi-language entertainment channel Real and television production house Miditech back to its partners, Alva Bros. Entertainment. Turner acquired a 29% stake for $20 million in Miditech in 2007 and launched a 50:50 joint venture with Alva called Real Global Broadcasting in 2009, as part […]

  • Netflix Commissions Fifth Spanish Original Series

    Netflix Orders 5th Original Series from Spain: ‘Hache’

    Time Warner’s Turner Asia Pacific Ventures has sold its stake in Hindi-language entertainment channel Real and television production house Miditech back to its partners, Alva Bros. Entertainment. Turner acquired a 29% stake for $20 million in Miditech in 2007 and launched a 50:50 joint venture with Alva called Real Global Broadcasting in 2009, as part […]

More From Our Brands

Access exclusive content