 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; 33 years ago (1991-07-04) |
| 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 | www |
| Star China Media | |||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 星空华文传媒 | ||||||
| Simplified Chinese | 星空华文传媒 | ||||||
| Literal meaning | Xing Kong Wen Media | ||||||
| |||||||
Star China Media (Chinese:星空华文传媒), also known asStar (CM) Holdings, is aChinese media company owned byChina Media Capital. The company operates television channelsXing Kong andChannel V Mainland China, and maintains Fortune Star film library.
Its businesses were previously a part of the originalNews Corporation'sStar TV group of television channels inHong Kong. China Media Capital took over a percentage of shares in them in 2010, and completed acquisition in 2014.
Star TV (Satellite Television Asian Region) was founded inBritish Hong Kong (now calledHong Kong since 1997) in 1991 as a joint venture betweenHutchison Whampoa andLi Ka-Shing. It was launched as a Pan-Asian beam-to-airHollywood English-language entertainment channel for Asian audiences.[1]
In 1991, Star Greater China started with the first 5 channels includedPrime Sports,Star Plus,BBC WSTV,MTV andStar Chinese Channel.
In 1992,Rupert Murdoch'sNews Corporation purchased 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 Channels Asia 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]
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 V Mainland 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 remainingstake from21st Century Fox (which took television businesses from the originalNews Corporation in 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 offering as 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]