Discovery Invests in Top Indian Food Net

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Discovery Communications said it acquired a majority stake in Turmeric Vision Private Limited, which owns pay TV network FoodFood in India.

The deal makes Discovery partners with India’s top culinary celebrity, Sanjeev Kapoor.

Financial terms of the deal were not disclosed.

The deal expands Discovery’s presence in India. Discovery said it plans to support FoodFood’s 100% focus on local programming and will begin selling FoodFood’s advertising effective immediately.

Read more at broadcastingcable.com.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.