Topic summary
Star India
Extracted from the Wikipedia article Disney Star.
2001–2017
In 2001, Star India acquired South India based Vijay TV, renaming it Star Vijay. In 2003, Star India's Star News deal with NDTV ended. In the same year, the Indian government introduced a guideline limiting foreign equity in the national news business to 26%. At that time Star India was wholly owned by Hong Kong-based company Satellite Television Asia Region Ltd. As a result, Star India entered into a joint venture with the Anandabazar Patrika group (ABP) to form a new company, Media Content and Communications Services Pvt. Ltd. (MCCS), which took control of Star News' operations. ABP held a 74% majority stake, while Star India reduced its participation with the remaining 26% to comply with the regulations set for the uplinking of news and current affairs channels by the government of India. Star India, subsequently exited from this joint venture in 2012. After the split, the channel was renamed ABP News and operated by the Anandabazar Patrika Group.