Asia's television industry is talking about ... ITV up for 10% Kantana stake.(in the news)(Independent Television)(Brief Article)

Television Asia, March, 2004

Independent Television (ITV) wants to acquire up to 10% of major production house, Kantana, as part of a strategy to forge strategic partnerships across media. ITV's strategic stake in Katana is expected to occur when Kantana lists stock on the Stock Exchange of Thailand later this year. Kantana has already acquired a 10% stake in ITV worth US$38 million.

ITV is the television subsidiary of satellite and telecommunications group, Shin Corp. Kantana plans to work with Shin companies to develop content, telecoms and mobile opportunities. Katana is capitalised at US$7.59 million and is forecast to generate revenues of US$38.5 million in 2004 from 20 production subsidiaries. ITV will revamp its programme format following a recent arbitration decision to allow more...

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