Indian and Malaysian Studios to Launch Two Kids Channels
UTV Software Communications Ltd. of India has announced a joint venture with the Malaysia-based Astro, a DTH and pay TV operator, to create two new channels in the region, reports the BUSINESS STANDARD. UTV will handle the content, marketing and brand building with the capital investment coming entirely from Astro. UTV will receive nearly $1 million a year as well as an option to invest up to 20% equity in the channel at par over three years.