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'''Asianet''' is an Indian [[Malayalam language|Malayalam]] language [[general entertainment]] [[pay television]] channel operated by [[Asianet Star Communications]]. Asianet and its channels are owned by [[Star India]],<ref>{{Citation|title=Disney's $52.4 billion acquisition of 21st Century Fox includes Star India too|date=2017-12-14|url=https://www.medianama.com/2017/12/223-disneys-acquisition-21st-century-fox-star-india-well/|publisher=Medianama|language=en|access-date=8 September 2020}}</ref> Wholly owned by [[The Walt Disney Company India]]. The channel's headquarters in [[Thiruvananthapuram]] and its operates from [[Kochi]], [[Kerala]]. [[Asianet HD]] is the first full HD television channel in Malayalam. <ref name="asianetglobal.com">{{cite web|url=http://www.asianetglobal.com/contactus |title=Archived copy |access-date=2015-01-27 |url-status=dead |archive-url=https://web.archive.org/web/20150112132430/http://www.asianetglobal.com/contactus |archive-date=12 January 2015}}</ref> | '''Asianet''' is an Indian [[Malayalam language|Malayalam]] language [[general entertainment]] [[pay television]] channel operated by [[Asianet Star Communications]]. Asianet and its channels are owned by [[Star India]],<ref>{{Citation|title=Disney's $52.4 billion acquisition of 21st Century Fox includes Star India too|date=2017-12-14|url=https://www.medianama.com/2017/12/223-disneys-acquisition-21st-century-fox-star-india-well/|publisher=Medianama|language=en|access-date=8 September 2020}}</ref> Wholly owned by [[The Walt Disney Company India]]. The channel's headquarters in [[Thiruvananthapuram]] and its operates from [[Kochi]], [[Kerala]]. [[Asianet HD]] is the first full HD television channel in Malayalam.<ref name="asianetglobal.com">{{cite web|url=http://www.asianetglobal.com/contactus |title=Archived copy |access-date=2015-01-27 |url-status=dead |archive-url=https://web.archive.org/web/20150112132430/http://www.asianetglobal.com/contactus |archive-date=12 January 2015}}</ref> | ||
== Establishment == | == Establishment == | ||
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Asianet was restructured into four companies in June 2008 (general entertainment, news, radio and media infrastructure). This move was to allow separate investments in each company.<ref name=":7">{{Cite web|url=https://www.medianama.com/2014/03/223-star-india-asianet/|title=STAR India acquires 100% Stake in Asianet Communications – MediaNama|website=medianama.com|language=en-US|access-date=2018-11-09|archive-url=https://web.archive.org/web/20190727115407/https://www.medianama.com/2014/03/223-star-india-asianet/|archive-date=27 July 2019|url-status=bot: unknown}}</ref> [[Star India]] started talks with the owners of the Asianet channels in August, 2008.<ref name=":16"/> | Asianet was restructured into four companies in June 2008 (general entertainment, news, radio and media infrastructure). This move was to allow separate investments in each company.<ref name=":7">{{Cite web|url=https://www.medianama.com/2014/03/223-star-india-asianet/|title=STAR India acquires 100% Stake in Asianet Communications – MediaNama|website=medianama.com|language=en-US|access-date=2018-11-09|archive-url=https://web.archive.org/web/20190727115407/https://www.medianama.com/2014/03/223-star-india-asianet/|archive-date=27 July 2019|url-status=bot: unknown}}</ref> [[Star India]] started talks with the owners of the Asianet channels in August, 2008.<ref name=":16"/> | ||
Star India eventually bought a 51% stake in Asianet Communications and formed joint venture with JEV in November, 2008.<ref name=":4">{{cite web|url=http://www.business-standard.com/article/companies/interesting-tussle-on-to-gain-control-of-kannada-prabha-113071701107_1.html|title=Interesting tussle on to gain control of 'Kannada Prabha'|last=Kulkarni|first=Raghuvir Badrinath & Mahesh|date=17 July 2013|work=Business Standard|access-date=28 July 2019|archive-url=https://web.archive.org/web/20190727115558/https://www.business-standard.com/article/companies/interesting-tussle-on-to-gain-control-of-kannada-prabha-113071701107_1.html|archive-date=27 July 2019|url-status=bot: unknown}}</ref> The joint venture, called "Star Jupiter", comprised all general entertainment channels of Asianet 8 October 2013 bombay 12 March Communications (Asianet, [[Asianet Plus]], Asianet Suvarna and Asianet Sitara <ref>{{Cite news|url=https://www.business-standard.com/article/companies/star-tv-buys-majority-in-jupiter-entertainment-108111601036_1.html|title=Star TV buys majority in Jupiter Entertainment|last=Reporter|first=B. S.|date=2008-11-16|work=Business Standard|access-date=2019-07-27}}</ref>) and [[Star Vijay]]. Star India had reportedly paid $235 million in cash for the 51% stake and assumed net debt of approximately $20 million.<ref name=": | Star India eventually bought a 51% stake in Asianet Communications and formed joint venture with JEV in November, 2008.<ref name=":4">{{cite web|url=http://www.business-standard.com/article/companies/interesting-tussle-on-to-gain-control-of-kannada-prabha-113071701107_1.html|title=Interesting tussle on to gain control of 'Kannada Prabha'|last=Kulkarni|first=Raghuvir Badrinath & Mahesh|date=17 July 2013|work=Business Standard|access-date=28 July 2019|archive-url=https://web.archive.org/web/20190727115558/https://www.business-standard.com/article/companies/interesting-tussle-on-to-gain-control-of-kannada-prabha-113071701107_1.html|archive-date=27 July 2019|url-status=bot: unknown}}</ref> The joint venture, called "Star Jupiter", comprised all general entertainment channels of Asianet 8 October 2013 bombay 12 March Communications (Asianet, [[Asianet Plus]], Asianet Suvarna and Asianet Sitara <ref>{{Cite news|url=https://www.business-standard.com/article/companies/star-tv-buys-majority-in-jupiter-entertainment-108111601036_1.html|title=Star TV buys majority in Jupiter Entertainment|last=Reporter|first=B. S.|date=2008-11-16|work=Business Standard|access-date=2019-07-27}}</ref>) and [[Star Vijay]]. Star India had reportedly paid $235 million in cash for the 51% stake and assumed net debt of approximately $20 million.<ref name=":16" /><ref name=":7" /> It's not clear how much stake Menon held in the new Star Jupiter venture. Prior to forming the JV, it was known that the original founder had held about 26% stake.<ref name=":114"/> | ||
Star India increased its stake in Asianet Communications to 75% in July 2010 (for which Star India paid around $90 million in cash), and to 87%, by acquiring 12% stake for $160 million in June, 2013. The later move was by virtue of acquiring a 19% equity stake in Vijay TV from Chandrasekhar and Asianet Communications MD Madhavan. Following the June, 2013 investment, Asianet Communications was valued at $1.33 billion. Star India acquired 100% stake in Asianet Communications (buying the remaining 13% stake) in March 2014.<ref name=":7" /><ref name=":4" /> | Star India increased its stake in Asianet Communications to 75% in July 2010 (for which Star India paid around $90 million in cash), and to 87%, by acquiring 12% stake for $160 million in June, 2013. The later move was by virtue of acquiring a 19% equity stake in Vijay TV from Chandrasekhar and Asianet Communications MD Madhavan. Following the June, 2013 investment, Asianet Communications was valued at $1.33 billion. Star India acquired 100% stake in Asianet Communications (buying the remaining 13% stake) in March 2014.<ref name=":7" /><ref name=":4" /> | ||