Media Industry
Industry: Email Alert RSS FeedAsia's television industry is talking about ... luke warm response to TVB tie-up with Intelsat. (In The News).(Brief Article)
Television Asia, March, 2003
Response to Television Broadcasts Ltd's joint venture with global satellite operator, Intelsat, has been luke warm, with warnings that the Hong Kong-based direct to-home satellite venture is fraught with risks. Intelsat has taken 51-percent majority stake in TVB's Galaxy Satellite Broadcasting Limited.
The new partners plan to launch a pay-TV platform in Hong Kong within 12 months. TVB and Intelsat value the deal at over US$136 million for the first three years. Of this, US$78.2 million will be in cash (Intelsat: US$53 million, TVB: US$25.2 million), and US$16.5 million will be in transponder capacity provided by Intelsat. TVB will provide US$41.6 million worth of programming. TVB will supply Galaxy with a range of exclusive premium Cantonese-language and other...
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