News Broadcasting
Sun Media, Lenovo Grp to develop broadband business in China
MUMBAI: Sun Media Investment Holdings Ltd., (led by Chinese broadcaster Yang Lan) and the Lenovo Group have formed a joint venture -Sun 365 Multi-media Holdings Ltd., to develop broadband multimedia content and applications in China. The agreement was signed in July 2004.
According to the agreement, the aggregate valuation of Sun 365 is $15 million. Sun Media Investment and Lenovo hold 85 per cent and 15 per cent respectively in the new joint venture. Sun Media will bring to the new company a multimedia production subsidiary in mainland China along with certain marketing rights in connection with the exploitation of Yang Lan’s brand image, and a certain amount of cash.
Lenovo’s non-cash contribution includes the right to use its existing brand FM365. The JV will have the right of first refusal to bundle multimedia content services with the personal computers, mobile communication devices and handsets sold under the Lenovo brand in China. The cooperation is a non-exclusive one. Yang LAN will be the chairperson of the Board of Sun 365.
The new partnership has been formed keeping in mind the huge potential of the emerging broadband multimedia market in China. The principal business of Sun 365 will be to develop multimedia businesses including creation of content and copyrights and development of distribution networks. The detailed applications of the business model of the JV are still under development and no further details are disclosed as of now.
Commenting on the new alliance, Sun Media Investment Holdings chairperson Yang LAN said, ”We are thrilled to be entering into a new venture with Lenovo Group, one of the most trusted and respected names in China’s IT industry. Sun 365 represents the alliance of a leading technology provider and a content provider, ultimately designed to create a richer, more interactive and personalized experience for consumers. We believe Sun 365 is the new paradigm for the development of new media businesses in China.”
News Broadcasting
CNN-News18 to host Fury in the Gulf conclave on West Asia crisis
Three-hour summit to unpack geopolitical fallout and impact on India
MUMBAI: CNN-News18 is set to host a special three-hour broadcast, Fury in the Gulf – War Conclave, on April 7, aiming to decode the escalating West Asia crisis and its far-reaching implications for India.
Scheduled from 4:00 PM to 7:00 PM, the conclave comes at a time when tensions between Iran and the United States are reshaping global geopolitics and triggering economic uncertainty. With India’s deep energy ties, trade links and large diaspora in the Gulf, the developments carry significant domestic relevance.
Built around the theme ‘Conflict, Consequences, and The Future,’ the programme will feature six curated sessions combining one-on-one interviews and panel discussions. The focus is to cut through the clutter and offer viewers a clearer understanding of the fast-evolving situation.
Key sessions include ‘Diplomacy in Times of War’ featuring Shashi Tharoor, and ‘World After the Iran Conflict’ with voices such as Ram Madhav, Reuven Azar, representatives from the European Union and the Iranian Deputy Envoy. Another session titled ‘Another Dunkirk?’ will bring together K. J. S. Dhillon and Jitin Prasada among others.
CNN-News18 editorial affairs director Rahul Shivshankar said, “In times of war, clarity becomes the most powerful tool. Fury in the Gulf – War Conclave brings together credible voices to address the questions and confusion that arise amid an overwhelming influx of information.”
He added that the initiative is aimed at delivering “facts, perspective, and insight” at a time when misinformation can easily cloud public understanding.
Echoing the sentiment, CNN-News18 CEO– English and business news Smriti Mehra said the conflict marks a defining global moment, with consequences that extend well beyond the region. She noted that the conclave seeks to present the crisis with “depth, nuance and responsibility” so audiences can better grasp its real-world impact.
As geopolitical tensions continue to dominate headlines, the conclave positions itself as an attempt to bring order to the noise, offering viewers a structured, insight-led look at a complex and rapidly shifting global situation.
