Endemol Shine India now entirely under Banijay command

In an undisclosed deal, Banijay, the prominent production company behind shows like ‘Big Brother’ and ‘MasterChef’, has acquired CA Media’s 49 percent stake in Endemol Shine India.

Deepak Dhar, CEO of Banijay Asia, will assume the same position at Endemol Shine India, while the future of former Chief Executive Rishi Negi remains uncertain at this time.

Under Dhar’s leadership, Banijay Asia and Endemol Shine India will forge a closer relationship and operate side by side, The Economic Times reported.

Previously, Dhar served as the head of Endemol’s India business from 2005 to 2018, before establishing Banijay Asia as a joint venture.

Currently, he oversees the content strategies, partnerships, new business ventures, and alliances for the wider Banijay group. CA Media has held a 49 percent stake in Endemol Shine India since 2012.

Banijay has stated that Dhar will refine the organizational structure of Banijay in Asia in the coming weeks, establishing new group-wide roles and dedicated creative positions within the two companies. The impact on staffing remains uncertain, and Banijay declined to comment further when queried by ET.

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RU Ediriwira, Group CTO, NXTDigital Limited

“With the launch of Partnership for Growth 3.0 we intend to expand our network with 40 new NXTHUBs, each offering up to 650 live TV channels and broadband. Our efforts are focused on harnessing the convergence of technologies, developing robust apps and creating new business models that will help the overall ecosystem, delivering the best experience to our subscribers. We hope to achieve a stronger foothold in the rural regions of the country and grow our subscriber base.”

N.K. Rouse, COO, NXT Digital Ltd

“One of the key principles of the Hinduja Group is ‘Partnership for Growth’. After 2.0 saw the launch of HITS to connect LMOs in even the most remote locations through the only satellite-based cable TV platform in India; 3.0 focuses not just on strengthening the overall ecosystem we have built, but harnessing the convergence of technologies – to be delivered through a national network of NXTHUBs. Video and broadband are only the beginning of the digital highway of services that we have developed for roll-out backed by a robust suite of innovative apps developed by service providers exclusively for our LMOs and subscribers.”

Vynsley Fernandes, MD & CEO, NXTDigital Limited

“Wireline broadband is becoming ever more important not only in connecting homes across the country but also small to large enterprises-to the digital economy. The NXTHUBs will be the perfect point-of-presence to offer broadband services to cater to these consumer needs.”

Yugal Kishore Sharma CEO, ONEOTT Intertainment Limited

Amazing and grim battle for survival. Guess it will end up in Supreme Court. All that NCLT asked Zee to do was to file a reply to Invesco petition for a EGM. Now this is getting too serious. So far Invesco has been hammered for demanding an EGM. What is Zee upto? Ofcourse my lawyer community knows better!

Ashok Mansukhani, Corporate Law and Media Law Advocate at Ashokmansukhani Associates

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Endemol Shine India now entirely under Banijay command

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