Star India Acquires Maa TV Press Meet Stills

Star India, a unit of 21st Century Fox, has acquired the entire broadcast business of Maa Television Network Limited (MTNL), which has four Telugu entertainment channels, for an undisclosed amount (Rs 2,500 crore). Star India chief executive officer, Uday Shankar, Nimmagadda Prasad, chairman of MAA TV, Chiranjeevi, Akkineni Nagarjuna, Allu Aravind graced the pressmeet. Mr. Prasad said Maa TV, which enjoys 27 per cent market share, started with 120 employees and has grown to 500 employees now.