NDTV Lumiere
Encyclopedia
Lumière Movies is an Indian 24-hour movie channel owned by Turner Broadcasting System
based in Mumbai
.
The channel was launched by NDTV Group
in joint venture with Alliance Lumière Pvt. Ltd as NDTV Lumière. The channel provides access to the World wide films following their release. The channel also hosts the events and promotions, such as conducting workshops with world renowned film personalities and interviews with the directors and the cast, offering insight into the film.
On 8 December 2009, it was announced that Turner Asia Pacific Ventures (a wholly owned subsidiary Turner Broadcasting System
) had acquired a 92 per cent stake in NDTV Imagine Ltd. NDTV’s 76 per cent stake in NDTV Imagine would be given to Turner for $67 million, the Time Warner
company would acquire fresh equity worth $50 million to get 92 per cent control. NDTV Imagine Ltd. runs NDTV Imagine, NDTV Lumiere and NDTV Imagine Showbiz television channels and film production and distribution company, NDTV Imagine Film Co. The purchase received approval from the Time Warner board on 17 December 2009. At the end of the $126.5 million deal, Turner holds 92% in NDTV Imagine Ltd. while 3.2% is retained by NDTV Networks and the remaining 4.8% is held by its chief executive officer Sameer Nair
and other Imagine employees.
NDTV announced on 24 February 2010 that it has received all the regulatory approvals and the transaction has been concluded on 23 February by transfer of shares, amounting to 85.68 per cent of NDTV Imagine Ltd, by NDTV Networks Plc to Turner Asia Pacific Ventures. The three channels will be under Turner General Entertainment Networks, a holding company that will infuse fresh capital to fund the network's growth. The 'NDTV' brand will drop out and the channels will be labelled Imagine TV, Lumiere Movies and Imagine Showbiz.
Turner Broadcasting System
Turner Broadcasting System, Inc. is the Time Warner subsidiary managing the collection of cable networks and properties started and acquired by Robert Edward "Ted" Turner starting in the mid-1970s. The company has its headquarters in the CNN Center in Atlanta, Georgia. TBS, Inc...
based in Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
.
The channel was launched by NDTV Group
NDTV
NDTV is an Indian commercial broadcasting television network founded in 1988. It was founded by Prannoy Roy, an eminent journalist and current chairman and director of NDTV Group. NDTV currently has more than 1,000 employees producing news from over twenty locations in India...
in joint venture with Alliance Lumière Pvt. Ltd as NDTV Lumière. The channel provides access to the World wide films following their release. The channel also hosts the events and promotions, such as conducting workshops with world renowned film personalities and interviews with the directors and the cast, offering insight into the film.
On 8 December 2009, it was announced that Turner Asia Pacific Ventures (a wholly owned subsidiary Turner Broadcasting System
Turner Broadcasting System
Turner Broadcasting System, Inc. is the Time Warner subsidiary managing the collection of cable networks and properties started and acquired by Robert Edward "Ted" Turner starting in the mid-1970s. The company has its headquarters in the CNN Center in Atlanta, Georgia. TBS, Inc...
) had acquired a 92 per cent stake in NDTV Imagine Ltd. NDTV’s 76 per cent stake in NDTV Imagine would be given to Turner for $67 million, the Time Warner
Time Warner
Time Warner is one of the world's largest media companies, headquartered in the Time Warner Center in New York City. Formerly two separate companies, Warner Communications, Inc...
company would acquire fresh equity worth $50 million to get 92 per cent control. NDTV Imagine Ltd. runs NDTV Imagine, NDTV Lumiere and NDTV Imagine Showbiz television channels and film production and distribution company, NDTV Imagine Film Co. The purchase received approval from the Time Warner board on 17 December 2009. At the end of the $126.5 million deal, Turner holds 92% in NDTV Imagine Ltd. while 3.2% is retained by NDTV Networks and the remaining 4.8% is held by its chief executive officer Sameer Nair
Sameer Nair
Sameer Nair was the CEO of Star Entertainment India, the entertainment wing of the STAR India Network. He is also the former CEO of Imagine TV. In 2001, Rupert Murdoch hired Nair as programming chief for Star TV in India as part of a revamping to get the network to appeal more to a middle-class...
and other Imagine employees.
NDTV announced on 24 February 2010 that it has received all the regulatory approvals and the transaction has been concluded on 23 February by transfer of shares, amounting to 85.68 per cent of NDTV Imagine Ltd, by NDTV Networks Plc to Turner Asia Pacific Ventures. The three channels will be under Turner General Entertainment Networks, a holding company that will infuse fresh capital to fund the network's growth. The 'NDTV' brand will drop out and the channels will be labelled Imagine TV, Lumiere Movies and Imagine Showbiz.