Da Vinci Media, the equal joint venture between Raghav Bahl’s Quintillion Media and German media firm Da Vinci Media, has decided to shut down its kids learning channel Da Vinci Learning HD.
The HD channel, which is priced at Rs 25 on a la carte, has shut down on 30 April. Following a targeted distribution approach, the channel is available only on direct-to-home (DTH) platform Tata Sky and multi-system operator (MSO) Hathway Cable & Datacom.
In March, Bahl had told TelevisionPost.com that he would take a call on the JV in few months. It is not clear whether Da Vinci will remain invested in the Indian market or exit completely. Bahl also has his hands full with digital venture
The Quint and his business news venture Bloomberg Quint. The company had launched a subscription-based over-the-top (OTT) service in July last year with the promise of offering kids safe content.
Da Vinci had entered the Indian market in June 2013 with the appointment of Mohit Anand as country manager. Following Anand’s appointment, the company applied to the Foreign Investment Promotion Board (FIPB) to invest Rs 5 crore in its Indian entity.
The FIPB approved the company’s FDI proposal in October 2013. Anand, who is incubating his personal ventures outside media, said that his role was to set up the company, bring in a JV partner and roll out the product.
“The channel was doing perfectly fine at the time I had left the company in July. I can’t comment on what happened after that,” he noted. In early 2014, the company had applied to the Ministry of Information & Broadcasting (MIB) for a non-news downlinking licence to launch Da Vinci Learning.
The licence was finally issued on 29 May 2015. After receiving clearances from the FIPB and MIB, the company announced its JV with Bahl’s Quintillion Media in June that year.
Read more at: http://www.televisionpost.com/television/raghav-bahls-jv-co-da-vinci-media-to-shut-down-kids-hd-channel/ | TelevisionPost.com
The HD channel, which is priced at Rs 25 on a la carte, has shut down on 30 April. Following a targeted distribution approach, the channel is available only on direct-to-home (DTH) platform Tata Sky and multi-system operator (MSO) Hathway Cable & Datacom.
In March, Bahl had told TelevisionPost.com that he would take a call on the JV in few months. It is not clear whether Da Vinci will remain invested in the Indian market or exit completely. Bahl also has his hands full with digital venture
The Quint and his business news venture Bloomberg Quint. The company had launched a subscription-based over-the-top (OTT) service in July last year with the promise of offering kids safe content.
Da Vinci had entered the Indian market in June 2013 with the appointment of Mohit Anand as country manager. Following Anand’s appointment, the company applied to the Foreign Investment Promotion Board (FIPB) to invest Rs 5 crore in its Indian entity.
The FIPB approved the company’s FDI proposal in October 2013. Anand, who is incubating his personal ventures outside media, said that his role was to set up the company, bring in a JV partner and roll out the product.
“The channel was doing perfectly fine at the time I had left the company in July. I can’t comment on what happened after that,” he noted. In early 2014, the company had applied to the Ministry of Information & Broadcasting (MIB) for a non-news downlinking licence to launch Da Vinci Learning.
The licence was finally issued on 29 May 2015. After receiving clearances from the FIPB and MIB, the company announced its JV with Bahl’s Quintillion Media in June that year.
Read more at: http://www.televisionpost.com/television/raghav-bahls-jv-co-da-vinci-media-to-shut-down-kids-hd-channel/ | TelevisionPost.com
