PT Net Visi Media Tbk is an Indonesian media and entertainment company. Originally formed in 2004 as Putra Insan Permata, the company changed its legal name to the current one in 2017. Headquartered in Jakarta, its activities encompassed the television broadcasting through the

NET. NET (an initialism of News and Entertainment Television, stylized as NET.) is an Indonesian free-to-air television network that was launched on 26 May 2013. It replaced Spacetoon on terrestrial television. The channel's programming is focused ...

network, talent management and streaming media service under NetVerse and previously, Zulu. Its majority shares owned by Sinergi Lintas Media, which is a part of the Indika Group.

History

The company was established as PT Putra Insan Permata on 23 July 2004. However, the company's involvement in the media industry dates back in May 2013, when the

television network, which formed in 2012 by Indika executive Agus Lasmono Sudwikatmono and former

Trans Media PT Trans Media Corpora is an Indonesian media corporation that is a subsidiary of Trans Corp, a part of CT Corp, owned by Chairul Tanjung. Trans Media was initially founded as a subsidiary of Trans Corp, a liaison between the television network ...

executive Wishnutama, began to air for the first time, replacing the whole terrestrial feed of

Spacetoon Indonesia Spacetoon Plus is an Indonesian television channel, that specializes in anime, animation and children programs. It has a sister channel in the Arab world. The channel started airing in 2014 in Jakarta alongside Spacetoon and Spacetoon 2. Prog ...

that was bought by the Indika Group. On 23 March 2017, PT Putra Insan Permata changed its name to PT Net Visi Media, to reflect its focus towards the media and entertainment business. On 25 November 2020, NET. has filed for bankruptcy by Bambang Sutrisno Kusnadi through his lawyer Sadrakh Seskoadi, against the application for postponement of debt repayment obligations that was filed by the company. On 27 December 2021, the company announced its plan to list its shares on the

Indonesia Stock Exchange Indonesia Stock Exchange (IDX) ( id, Bursa Efek Indonesia, formerly nl, Vereniging voor de Effectenhandel) is a stock exchange based in Jakarta, Indonesia. It was previously known as the Jakarta Stock Exchange (JSX) before its name changed in ...

following month, and offer the new 765.306.100 at a price of IDR 100 per share with the public offering price ranging from IDR 190 to IDR 196 per share. On 26 January 2022, the company listed its shares through the

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

at a price of IDR 196 per share, while sold its 765,3 million shares to the public investors and traded under the "NETV" ticker symbol.

Operations

Net Visi Media operates the

television network, which has reached 187 cities in Indonesia with 40 transmitters, along with its studios located at Mitra Gatot Subroto and The East building in Jakarta. Besides the television broadcasting, the company also operate the NetVerse streaming platform, which is a successor of the company's previous platforms Zulu and NET. Connect, and Creative Inc. content production studio. In talent management, the company focused its synergized management in four important talents, such as key opinion leader (KOL), content creator, artist and publishing.

References

External links

* {{Official website, https://netvisimedia.co.id/ Indonesian companies established in 2004 Entertainment companies established in 2004 Entertainment companies of Indonesia Mass media companies established in 2004 Mass media companies of Indonesia Television companies of Indonesia Companies based in Jakarta Companies listed on the Indonesia Stock Exchange 2022 initial public offerings