In an interview to CNBC-TV18, B Sai Kumar, Group CEO of Network18 spoke about the Q3 performance and the road ahead.
IndiaCast, the global distribution arm of TV18 and Viacom18, has formed a joint venture with DisneyUTV company UGBL for aggregation and wholesale distribution business of TV channels in India. IndiaCast is a 50:50 joint venture between TV18 and Viacom18.
In an interview with CNBC-TV18, Sai Kumar, group CEO of Network18 said the company has diluted 20% stake at primary and secondary ends and has made a profit of Rs 45 crore from the transaction. Moreover, the CEO is hopeful of more such announcements in the next six to nine months.