Star China Media (), also known as Star (CM) Holdings, is a Chinese media company owned by China Media Capital. The company operates television channels

Xing Kong Xing Kong is a Standard Chinese, Mandarin-language television channel targeting Mainland China, currently owned by Star China Media (a subsidiary of China Media Capital). The channel was originally launched by Fox Networks Group Asia Pacific, Star ...

and Channel V Mainland China, and maintains Fortune Star film library. Its businesses were previously a part of the original

News Corporation The original incarnation of News Corporation (abbreviated News Corp. and also variously known as News Corporation Limited) was an American Multinational corporation, multinational mass media corporation founded and controlled by media mogul Ru ...

's Star TV group of television channels in

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

. China Media Capital took over a percentage of shares in them in 2010, and completed acquisition in 2014.

History

Founding

Star TV (Satellite Television Asian Region) was founded in

British Hong Kong Hong Kong was under British Empire, British rule from 1841 to 1997, except for a Japanese occupation of Hong Kong, brief period of Japanese occupation during World War II from 1941 to 1945. It was a crown colony of the United Kingdom from 1841 ...

(now called

since 1997) in 1991 as a joint venture between

Hutchison Whampoa Hutchison Whampoa Limited (HWL) was an investment holding company based in Hong Kong. It was a Fortune Global 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. HWL was an international corporation with a dive ...

and

Li Ka-Shing Sir Ka-shing Li (; born 29 July 1928) is a Hong Kong billionaire business magnate, investor, and philanthropist. He is the senior advisor for CK Hutchison Holdings and CK Asset Holdings, after he retired from the Chairman of the Board in May ...

. It was launched as a Pan-Asian beam-to-air

Hollywood Hollywood usually refers to: * Hollywood, Los Angeles, a neighborhood in California * Hollywood, a metonym for the cinema of the United States Hollywood may also refer to: Places United States * Hollywood District (disambiguation) * Hollywood ...

English-language entertainment channel for Asian audiences.

1991–2009

In 1991, Star Greater China started with the first 5 channels included Prime Sports,

Star Plus StarPlus is an Indian Hindi-language general entertainment pay television channel owned by JioStar, a joint venture between Viacom18 and Disney India. Its programming consists of family dramas, romantic comedies, youth-oriented reali ...

, BBC WSTV,

MTV MTV (an initialism of Music Television) is an American cable television television channel, channel and the flagship property of the MTV Entertainment Group sub-division of the Paramount Media Networks division of Paramount Global. Launched on ...

and

Star Chinese Channel Star Chinese Channel () was a Taiwanese general entertainment television channel operated by The Walt Disney Company (Taiwan) Ltd. Its programming featured dramas, variety shows, lifestyle programs, and talk shows in Mandarin. Launched on 21 O ...

. In 1992,

Rupert Murdoch Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian - American retired business magnate, investor, and media mogul. Through his company News Corp, he is the owner of hundreds of List of assets owned by News Corp, local, national, a ...

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. Murdoch declared that: In August 2009, the Star Group restructured its Asian broadcast businesses into three units – Star Greater China, Star India, and

Fox International Channels Fox Networks Group (FNG), formerly known as Fox International Channels (FIC), was the television networks division of News Corporation and later 21st Century Fox that operated from 1993 to 2021. It oversaw the production, broadcasting and distrib ...

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.

Sale to CMC

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 Radio and Television Station of Shanghai (RTS), a Shanghai-based state media outlet, and its wholly owned subsidiary, Shanghai Media Group (SMG), represent one of the largest state-owned media conglomerates of the People's Republic of China, wi ...

).Young, Doug
News Corp sells controlling stake in China TV channels

Reuters Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency ...

August 9, 2010Chu, Karen
News Corp. sells Chinese-language channels to CMC

Associated Press The Associated Press (AP) is an American not-for-profit organization, not-for-profit news agency headquartered in New York City. Founded in 1846, it operates as a cooperative, unincorporated association, and produces news reports that are dist ...

August 9, 2010 (via ''

The Hollywood Reporter ''The Hollywood Reporter'' (''THR'') is an American digital and print magazine which focuses on the Cinema of the United States, Hollywood film industry, film, television, and entertainment industries. It was founded in 1930 as a daily trade pap ...

'')Coonan, Clifford
China Media Capital buys Star China
'' Variety'' August 9, 2010 Xing Kong (both domestic and international versions) and

Channel V Channel '' ("V" as in the letter, not the Roman numeral "5") is a Chinese and former Asian pay television musical network originally launched by Star TV Hong Kong (now Disney Networks Group Asia Pacific). It was part of the unit of Disney In ...

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 Twenty-First Century Fox, Inc., which did business as 21st Century Fox, was an American multinational mass media and entertainment conglomerate based in Midtown Manhattan, New York City. It was formed on June 28, 2013, as the legal successor ...

(which took television businesses from the original

in the 2013 split). This marked 21st Century Fox's exit from Mandarin entertainment television market in Mainland China. In 2021, Star China Media launched an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

as a publicly traded company, trading on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

(HKSE) with the application being accepted on December 29, 2022, when its was trading on the stock exchange.

Owned channels

References

External links

Xing Kong

Canxing Media

Fortune Star

STAR CM (06698.HK) Collapses Over 23% as Alleged Coco Lee's Recording Online Slams 'The Voice of China'
{{Star TV Mass media in China Mass media companies of China Television production companies of China Mass media companies established in 1991 2021 initial public offerings Companies listed on the Hong Kong Stock Exchange 1991 establishments in Hong Kong