Big TV Launches iStock to Track Market News

big tv launches istock Reliance Big TV in partnership with Reliance Money has introduced another interactive feature, iStock, that provides information about Indian and international indices, currencies, commodity, stock and market news. This would be India's first portfolio tracking application through the DTH platform.

iStock will also provide subscribers with value-added services including a personal portfolio management tracker. The portfolio manager will also allow users to add, track upward/downward movement of their stocks automatically and the overall gain/ loss of their investments.

Mahesh Prasad, president, Reliance Communications, said, "We would like people to be able to trade from their living rooms. However, that will happen provided the regulatory body or the Securities and Exchange Board of India (SEBI) allows trading on the DTH platform. This will be followed by a chat facility and then allowing people to address customers. But that will take time."

In its bid to penetrate among the masses Big TV also recently launched various interactive features like iNews, iCooking and iAstro, iSports and iGames. The company is set to surpass two million subscriber base and intends to reach three million mark by end of the year.
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Big TV, Oxigen Tie-up for More Recharge Options

Big TV and Oxigen tie-up for more recharge options In a bid to enhance its customer service experience, Big TV has tied up with Oxigen, the single point recharge services in India, to offer its subscribers an option to recharge from Oxigen outlets across the country.

Subscribers can now make payments through credit cards, debit cards, internet banking, IVR, mobile mode payment (SMS) or by calling the toll free number 1800-200-9002.

Big TV customers availing these easy recharge options will get an electronic 12-digit pin number from the retailer, that has to be punched in either through SMS or by calling the toll free number and following the IVR instructions. This will credit the value of the recharge voucher into their Reliance Big TV account.

Mahesh Prasad, President, Reliance Communications, said, "We have partnered with Oxigen, a premium recharge service provider, to enable our customers to enjoy uninterrupted television viewing."

Big TV has adopted the strategy similar to the telecom sector, in fact many of the DTH players, of providing recharge vouchers at various retail outlets. Oxigen also provides recharge vouchers of Tata Sky, Dish TV, Airtel and Sun Direct. Big TV has over 100,000 outlets spread across 10,000 towns including local grocery stores, gift stores, and utility stores.
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Big TV in Talks with Carlyle & Providence for Funds

Further to Big TV's talks to sell stakes to private equity firms, Carlyle Group and Providence Equity have emerged as the front runners to clinch the deal.

According to reports, Deutsche Bank has been authorised to facilitate the deal and Big TV is looking to divest about 20% of which 10% will be sold now for around US$ 50-75 million. A senior official from Reliance said that Big TV needed between Rs 1500 to Rs 2000 crore for its expansion purpose.

While Government norms allow 49% foreign investment in DTH, it restricts FDI in a DTH operator at 20%, so Big TV is most likely to dilute its equity in stages.

Big TV is on an expansion spree. The company is also in talks with general entertainment channels such as Colors, Star Plus, Sony and Zee TV to acquire broadcast rights for some of their popular television shows.

Also in the offing is an aggressive ad campaign across TV, print, online and radio stations. Currently, Big TV has around 1.8 million subscribers, and is the third biggest player in the DTH market, after Dish TV and Tata Sky.
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Big TV Launches Aggressive Ad Campaign

Big Tv to advertise across radio stations As part of its 360 degree marketing approach Big TV has decided to advertise with not only with the top 15 radio stations in the country covering 10,000 radio spots, but also carry out an intensive television, print advertisements and online promotion in a bid to promote its DTH service.

The 360 degree campaign is to promote the message of Big TV as a one-stop entertainment source in India in the next two months. According to the company they offer more channels, more movies and more interactive services than any other DTH provider.

Big TV is in talks with Radio Mirchi, Radio City, Red FM, Big FM, Radio One, Club FM and Surya FM. This is not new to Reliance Big TV as the company has done nearly 12 campaigns on radio since its launch in August 08.

15 - 25% of the advertising budget has been allocated towards radio, most of the radio campaigns target tier II and tier III cities.

Philip Jose, sales head, Club FM, Kerala, recalls, "Last year, we had major activations while Big TV was launching in the market. The activations were divided into pre launch, launch and post launch phases and many contests giving away free subscriptions were conducted. We are in talks with Big TV for their recent campaign and will finalise soon.”
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Big TV to Tie-up with Warner Bros, Fox Channels

Big TV ties up with Warner Bros, Fox and Korean Broadcasting Big TV is certainly going global. Reliance is slated to finalise deals with
Fox, Warner Brothers and Korean Broadcasting. This move is in line with Big TV's strategy to increase the number of channels from 200 to 400.

Once the agreement is inked, Big TV will introduce five global channels of Fox and one global channel each of Warner Brothers and Korean Broadcasting. The channels include are Fox Adventure, Fox Crime, Fox FX, Fox History, Nat Geo Music, Warners WB Movies and KBS World.

KBS is Korea's flagship public service broadcaster with two domestic terrestrial networks that provides over 15 hours of programmes a day with English subtitles.

In April Reliance announced its decision to divest up to 49% stake to private equity companies and global DTH players. According to company official, "The company has commenced the process of identifying a partner and is likely to complete the exercise by end-June. The enterprise value of Big TV is pegged around $3 billion. A 49% stake dilution can get fresh infusion of over $1.6 billion."
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