GECs
New Silk Route looking to encash part of 9X Media investment
MUMBAI: The news of New Silk Route (NSR) approaching buyers to divesting a part of its stake in 9X Media is out. And Pradeep Guha, the managing director of 9X Media, who incidently also holds a small (15 per cent) stake in the group feels this could not be a better move for the network.
“If more buyers come in with more money, then it is only going to benefit the group,” he says.
However, he has not decided if he will be offloading his holding or keeping it. He feels that it is too early to discuss it and all depends on what happens next.
Launched as INX Media, the company started operations with 9XM. It was renamed 9X Media in August 2010, with complete focus on its music business. (The assets and liabilities of the mother GEC 9X were absorbed by Zee Entertainment.) It currently operates five channels, 9XM (Hindi music channel), 9XO (international music), 9X Jalwa (classic Bollywood music), 9X Tashan (Punjabi) and 9X Jhakaas (Marathi).
The NSR had invested in the network founded by Peter Mukerjea and his wife Indrani Mukerjee in 2007 and took over its reins in 2011. “We are a private equity fund so it was but obvious that at some point we will exit the venture,” says NSR Advisors partner Shantanu Nalavadi who clearly states that it is the company’s seventh year in the group as an investor.
Nalavadi proudly proclaims that over the years, the group has become a great platform. “We are now known as a music group and we hope to be known as the music destination among our viewers.”
He highlights that it will continue to invest in 9X Media because it has been showing 30 per cent growth year on year. “We didn’t take the decision overnight and are in talks with others over the past two years or so. And we will not leave it completely,” he clarifies.
According to Mihir Date, a consultant with Ernst & Young says that with 100 per cent FDI allowed in non-news channels there will be many takers. He adds that the plan to sell it when the company is at a peak is a wise decision. “The position of 9X Media is good in the genre and its plans to expand are positive signals for any buyer.”
That must be music to Guha’s ears.
GECs
Samsung TV Plus launches Kings of Comedy channel
New free FAST channel brings iconic Hindi comedy shows to millions of Samsung Smart TV owners.
MUMBAI: Samsung TV Plus has just turned up the laughter volume and it’s completely free. The leading free ad-supported streaming television (FAST) service in India has launched Kings of Comedy, a premium comedy channel featuring some of the country’s most beloved primetime shows. Available exclusively on Samsung TV Plus, the channel delivers back-to-back hits including Comedy Nights with Kapil, Khatra Khatra Khatra, and Comedy Nights Bachao, with no login or subscription required.
The launch marks a milestone for free streaming in India, offering audiences a dedicated comedy destination directly from their Samsung TV home screen. It arrives as Samsung TV Plus India celebrates its 5th anniversary, during which the service has grown its monthly active users by 42 per cent and more than doubled its total viewing hours. The platform now offers over 180 free channels across 14 languages.
Samsung TV Plus India general manager and head of business development Kunal Mehta said, “Comedy is the heartbeat of Hindi entertainment, and Kings of Comedy brings together the shows Indians already love, completely free on their Samsung TV. Our focus remains the same take the content people know and make it effortless to access.”
Globally, Samsung TV Plus has surpassed 100 million monthly active users across more than 4,500 channels, solidifying its position as one of the world’s leading free streaming services.
Kings of Comedy is now available on all compatible Samsung Smart TVs. For viewers seeking non-stop laughter without any cost, this new channel delivers a royal treat proving that sometimes the best entertainment really does come with no strings (or subscriptions) attached.
