This move was to allow separate investments in each company. Star India Acquisitions (2008–2014) Īsianet was restructured into four companies in June 2008 (general entertainment, news, radio and media infrastructure). Asianet Communications soon launched its foray into Kannada and Telugu television industry with Asianet Suvarna and Asianet Sitara. Madhavan continued as the MD of Asianet, while Chandrasekhar took over as the Chairman of the company. Madhavan with Zee Group holding a small 3% stake. The remaining 49% stake was still held by Reji Menon and Asianet MD K. While there was no official word from Asianet on the size of the investment, the figure is thought to range between INR 120–150 crore. Chandrasekhar had acquired a 51% stake in the Asianet channels (Asianet, Asianet News, and Asianet Plus) through Jupiter Entertainment Ventures (JEV) in October 2006.
At the time, Asianet was the leader amongst the Malayalam channels accounting for 35% of Kerala's total advertisement market. In late 2006 Reji Menon – after months long speculations – partially pulled out of Asianet turning over control to Rajeev Chandrasekhar. This was apparently because the severance agreement with the cable company prohibits the channel's takeover by a company with interest in cable operations. Menon used the consideration the Rahejas paid him to provide Kumar a "golden handshake".Īfterwards an attempt by Zee Group to acquire Asianet from Menon fell through.
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While Kumar resisted overtures from the Rahejas, Menon negotiated a deal with them, and under the deal, the Rahejas got full control over the cable company. The Rahejas later wanted a stake in the channel operations too. The channels were still owned by Sashi Kumar (50% shares) and Reji Menon (50% shares). When Asianet faced a financial crunch, the real estate firm Rahejas was given 50% stake in the cable operations. Kumar was a former head of Press Trust of India's television division and his relative Menon was a Moscow-based businessman. It was promoted by Sashi Kumar with seed capital provided by Reji Menon. In 2014, Star India took full ownership of Asianet Communications.Īsianet Communications was the first entertainment television company in Malayalam. Star India bought a 51% stake in Asianet Communications and formed a joint venture with JEV in November 2008. In late 2006, Reji Menon partially pulled out of Asianet Communications, turning over control to Rajeev Chandrasekhar (Jupiter Entertainment Ventures). The channel was originally promoted by Sashi Kumar with seed capital provided by Reji Menon in the mid 1990s.
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Asianet Movies HD is the first full movie HD television channel in Malayalam.
Asianet HD is the first full HD television channel in Malayalam. The channel's headquarters in Thiruvananthapuram and its operates from Kochi, Kerala. Asianet and its channels are owned by Asianet Star Communications, Wholly owned by The Walt Disney Company India. Asianet is an Indian Malayalam language general entertainment pay television channel operated by Asianet Star Communications.
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