Connect with us

Hi, what are you looking for?

Jewish Business News


Harry Sloan and Jeff Sagansky Invest in Indian Pay TV

LACMA's 2013 Collectors Committee - Gala Dinner-(L-R) Harry Sloan -Jeff Sagansky Getty


Hollywood executives Harry Sloan and Jeff Sagansky have acquired a 33.5% stake worth $303.7 million in Videocon, a leading pay TV service in India, as reported by Variety. The funds were raised in 2013 in an initial public offering through Sloan and Sagansky’s Silver Eagle Acquisition company.

India is a country not only with a growing population, but an ever budding middle class that is subscribing to pay TV. It is estimated that there will be 33 million new subscribers in the next four years. Videocon already has 11.8 million subscribers, which represents 16.5% market share. The country is also undergoing a large scale digitization plan undertaken by the government.

The move into Indian pay TV was preceded by Global Eagle acquiring two in-flight entertainment providers, one American, one German for a total cost of $430 million. Sloan came to  Global Eagle after leaving MGM as chairman when the company finished its post-bankruptcy restructuring. Harry Sloan grew up in a working class Jewish family in Torrance California. His mother helped found the first Jewish temple in the South Bay.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

cialis cialis satış