Star China Media
Star China Media (Chinese: 星空华文传媒) is a Chinese media company currently owned by China Media Capital. Its businesses were previously a part of the original News Corporation's Star group of television channels in Hong Kong, but China Media Capital took over a percentage of shares in them in 2010, and completed acquisition in 2014. The company operates television channels Xing Kong and Channel V Mainland China, and maintains Fortune Star film library.
|Star Greater China (until August 2010)|
|Headquarters||908, Tower E3 The Towers, Oriental Plaza No. 1 East Chang An Avenue, |
|Parent||China Media Capital|
Star TV (Satellite Television Asian Region) was founded in 1991 as a joint venture between Hutchison Whampoa and Li Ka-Shing. It was launched as a Pan-Asian beam-to-air Hollywood English-language entertainment channel for Asian audiences.
1991 - 2009Edit
In 1992, Rupert Murdoch’s News Corporation purchased 63.6% of STAR 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. Murdoch declared that:
(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 June 1993, Star TV and Wharf Cable signed a deal in which Hong Kong's new cable television provider would carry Star TV's channels. However, the deal was terminated in February 1994 in the carriage dispute between the two parties.
On 30 March 1996 at 7 pm Hong Kong Time, Star TV split Star Plus and Star Chinese Channel by certain areas Star Plus would serve viewers in South Asia and the Middle East, while East and Southeast Asian viewers would receive the new Star World channel and Star Chinese Channel would still be available to the viewers in Taiwan, but the television watchers in Hong Kong and the Mainland China would get the new Phoenix Chinese Channel instead.
In October 1996, Star Sports (since renamed from Prime Sports) and ESPN Asia have agreed to combine their loss making operations in Asia. The new joint venture, later named ESPN Star Sports, would be headquartered in Singapore (where ESPN's operations in Asia were based in).
In 2009, News Corporation restructured Star so Star India and Star Greater China were 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.
Sale to CMCEdit
In August 2010, it was announced that News Corporation would sell a controlling stake in its assets in mainland China to China Media Capital (CMC), which was headed by Li Ruigang (of Shanghai Media Group). Xing Kong (both dosmetic and international versions) and Channel V Mainland China, plus Fortune Star film library were in the sale, 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 remaining stake from 21st Century Fox (which took television businesses from the original News Corporation in the 2013 split). This marked 21st Century Fox's exit from Mandarin entertainment television market in Mainland China.
- Television channels
- Star Chinese Channel
- Star Chinese Movies
- Star Chinese Movies Legend
- Star Entertainment Channel
- Xing Kong
- Channel V
- Television production
- Canxing Media
- Film library
- Fortune Star
- 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. Retrieved 24 July 2017.
- "Wharf pacts with HutchVision" Variety 7 June 1993
- "Star TV drops Wharf pact" Reuters 28 February 1994 via Variety
- "Rival sport channels ESPN, Star TV team up together". Advertising Age. 9 October 1996. Retrieved 11 January 2019.
- Sullivan, Maureen (15 January 1997). "Asian TV team christens venture ESPN Star Sports". Variety. Retrieved 11 January 2019.
- "News Corporation Restructures Broadcast Businesses in Asia" (press release) News Corporation 18 August 2009 Archived from the original on 27 August 2009
- Watkins, Mary; Li, Kenneth "News Corp announces Star TV shake-up" Financial Times August 19, 2009
- Young, Doug "News Corp sells controlling stake in China TV channels" Reuters August 9, 2010
- Chu, Karen "News Corp. sells Chinese-language channels to CMC" Associated Press August 9, 2010 (via The Hollywood Reporter)
- Coonan, Clifford "China Media Capital buys Star China" Variety August 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 Fox Business Wire January 2, 2014
- Patnaik, Sampad "21st Century Fox sells Star China TV stake" Reuters January 2, 2014
- William, Christopher. "Rupert Murdoch gives up on China with sale of Star China TV". The Telegraph. Teleghraph UK. Retrieved 20 July 2014.