Star China Media
 Logo used since 2001 | |
 Headquarters in Shanghai | |
| Formerly | Star Greater China (4 July 1991–31 May 2010) |
|---|---|
| Company type | Public |
| SEHK:6698 | |
| Industry | Media |
| Founded | 4 July 1991 |
| Founder | Star TV |
| Headquarters | 1211-1212, Jiefang Daily Tower, No.300 Hankou Road,, |
Key people | |
| Products | |
| Parent | China Media Capital |
| Subsidiaries | Canxing Media Fortune Star |
| Website | fortunestarmedia |
| Star China Media | |||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | Tinh không hoa văn truyện môi | ||||||
| Simplified Chinese | Tinh không hoa văn truyện môi | ||||||
| Literal meaning | Xing Kong Wen Media | ||||||
| |||||||
Star China Media(Chinese:Tinh không hoa văn truyện môi), also known asStar (CM) Holdings,is aChinesemedia company owned byChina Media Capital.The company operates television channelsXing KongandChannel V Mainland China,and maintains Fortune Star film library.
Its businesses were previously a part of the originalNews Corporation'sStar TVgroup of television channels inHong Kong.China Media Capital took over a percentage of shares in them in 2010, and completed acquisition in 2014.
History[edit]
Founding[edit]
Star TV(Satellite Television Asian Region) was founded inBritish Hong Kong(now calledHong Kongsince 1997) in 1991 as a joint venture betweenHutchison WhampoaandLi Ka-Shing.It was launched as a Pan-Asian beam-to-airHollywoodEnglish-language entertainment channel for Asian audiences.[1]
1991–2009[edit]
In 1991, Star Greater China started with the first 5 channels includedPrime Sports,Star Plus,BBC WSTV,MTVandStar Chinese Channel.
In 1992,Rupert Murdoch'sNews Corporationpurchased 63.6% of Star Greater China for $525 million, followed by the purchase of the remaining 36.4% on 1 January 1993. Star broadcasting operations were run from Rupert Murdoch's Fox Broadcasting premises.[2][3]Murdoch declared that:[4]
"(telecommunications) have proved an unambiguous threat to totalitarian regimes everywhere... satellite broadcasting makes it possible for information-hungry residents of many closed societies to bypass state-controlled television channels"
In August 2009, the Star Group restructured its Asian broadcast businesses into three units – Star Greater China, Star India, andFox International ChannelsAsia where Star Greater China was separated from its Hong Kong headquarters. Among the assets Star Greater China would oversaw included Xing Kong, Channel V Mainland China and Fortune Star film library.[5][6]
Sale to CMC[edit]
In August 2010, it was announced that News Corporation would sell a controlling stake in its assets in mainland China toChina Media Capital(CMC), which was headed byLi Ruigang(ofShanghai Media Group).[7][8][9]Xing Kong (both domestic and international versions) andChannel VMainland China, plus Fortune Star film library were in the sale,[7][8][9]and a joint venture named Star China Media was created in the process.
In January 2014, the company's management team and CMC acquired the remainingstakefrom21st Century Fox(which took television businesses from the originalNews Corporationin the 2013 split).[10][11][12]This marked 21st Century Fox's exit from Mandarin entertainment television market in Mainland China.
In 2021, Star China Media launched aninitial public offeringas a publicly traded company, trading on theHong Kong Stock Exchange(HKSE) with the application being accepted on December 29, 2022, when its was trading on the stock exchange.[13]
Owned channels[edit]
See also[edit]
References[edit]
- ^"The role of the nation-state: Evolution of STAR TV in China and India"(PDF).Archived(PDF)from the original on 2017-08-09.
- ^Palmer, Rhonda. (26 July 1993)Murdoch catches rising Star – Entertainment News, Business News, Media.Variety. Retrieved 20 May 2012.
- ^THE MEDIA BUSINESS; Star TV Extends Murdoch's Reach.New York Times (23 August 1993). Retrieved 20 May 2012.
- ^Monbiot, George (21 April 2008)."George Monbiot: The most potent weapon wielded by the empires of Murdoch and China".The Guardian.Retrieved24 July2017.
- ^"News Corporation Restructures Broadcast Businesses in Asia"(press release)News Corporation18 August 2009 Archived from theoriginalon 27 August 2009
- ^Watkins, Mary; Li, Kenneth "News Corp announces Star TV shake-up"Financial TimesAugust 19, 2009
- ^abYoung, Doug "News Corp sells controlling stake in China TV channels"ReutersAugust 9, 2010
- ^abChu, Karen "News Corp. sells Chinese-language channels to CMC"Associated PressAugust 9, 2010 (viaThe Hollywood Reporter)
- ^abCoonan, Clifford "China Media Capital buys Star China"VarietyAugust 9, 2010
- ^"Star China's Management Team and China Media Capital to Acquire 21st Century Fox's Entire Stake in Star China TV Joint Venture"21st Century FoxBusiness WireJanuary 2, 2014
- ^Patnaik, Sampad "21st Century Fox sells Star China TV stake"ReutersJanuary 2, 2014
- ^William, Christopher (2 January 2014)."Rupert Murdoch gives up on China with sale of Star China TV".The Telegraph.Telegraph UK.Retrieved20 July2014.
- ^"Nghiệp tích liên tục tam niên hạ hoạt, thượng thị thủ nhật cổ giới đại trướng! Tinh không hoa văn năng phủ xướng hảo" trung quốc hảo thanh âm "?".Daily Economic News.Retrieved2023-01-02.