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Sony Bags Major Share In MAA TV

Nimmagadda Prasad who is the major shareholder in MAA TV and its group of channels decided to sell his stake in the channel. Sony Pictures Television will be buying the 30% share in the channel held by Nimmagadda Prasad. While the exact amount shelled for the deal is not known, industry sources say it is somewhere around 2500 Crores.

As per MAA TV website, board of the directors of MAA TV are N Prasad (Chairman) Nagarjuna, Allu Aravind, and Ram Charan. All the board members had approved this deal. Recently, the majority shareholders of MAA Television Network and SPT have signed a Letter of Interest to this effect. Sony will very soon take up the content management system of MAA TV too.

Young Tiger buries hatchet, expresses concern over Balayya Related Articles »

Young Tiger buries hatchet, expresses concern over Balayya

Young Tiger Jr. NTR is a very matured man, outside of his career. Still in 20s, the actor exudes persona of a 50 year old when it comes to forgetting and forgiving! The actor expressed his concern for his uncle and actor Natasimham Nandamuri Balakrishna who happened to suffer injuries …Continue reading »