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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