Star India, Media & Entertainment Company owned by 21st Century Fox, acquired a stake in NO.1 Telugu Entertainment Channel MAA TV.
On Wednesday, Board of Directors of MAA Network and Star India Representatives organised a press meet to confirm this development. While Akkineni Nagarjuna and Nimmagadda Prasad expressed their happiness over the deal, Star India Representatives claimed the collaboration is going bring a revolution on Telugu TV Entertainment.
Although there won't be any changes in terms of Human Resources allocation in the near future, MAA TV's name is likely to be changed slightly post this deal. MAA TV will now have huge cash reserves and all the stake holders will enjoys the good profits.
On Wednesday, Board of Directors of MAA Network and Star India Representatives organised a press meet to confirm this development. While Akkineni Nagarjuna and Nimmagadda Prasad expressed their happiness over the deal, Star India Representatives claimed the collaboration is going bring a revolution on Telugu TV Entertainment.
Although there won't be any changes in terms of Human Resources allocation in the near future, MAA TV's name is likely to be changed slightly post this deal. MAA TV will now have huge cash reserves and all the stake holders will enjoys the good profits.