TV18 and Viacom18’s - 50:50 JV - IndiaCast, a multi-platform, global distribution company, has formed a strategic joint venture (JV) with UGBL - a DisneyUTV group company for the aggregation and wholesale distribution business of TV channels in India.
The new distribution venture is a step-down joint venture and is envisaged as a 74:26 JV between IndiaCast and Disney UTV. It will become operational post necessary regulatory approvals. IndiaCast will move its domestic distribution business into this new venture, while continuing to manage its international distribution operation as well as new media distribution for TV 18, Viacom 18, A+E Networks TV18 and Eenadu channels.
TV18 will continue to hold majority economic interest in both IndiaCast and the new step-down joint venture through a combination of its direct holding through TV18 and the indirect holding through Viacom18.
