TV18's IndiaCast, Disney UTV form distribution JV company

January 30, 2013 16:22

IndiaCast, a joint venture between TV18 and Viacom18, has formed a strategic alliance with Disney UTV Group firm UGBL, for distribution of their television channels in India.

The new distribution venture is a step-down joint venture where IndiaCast will hold 74 per cent stake, while the remaining 26 per cent will be held by Disney UTV, TV18 said in a statement.

IndiaCast -- a 50:50 JV -- presently distributes TV18, Viacom18, A+E Networks and Eenadu channels. 'TV18's effective economic interest in IndiaCast is 75 per cent and 56 per cent in the new JV,' the statement said.

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