« Turkish TV series gather at Istanbul fair » – Hürriyet Daily News

« The Turkish and regional television industry has gathered at the DISCOP Istanbul Television Broadcasting Fair, which kicked off Feb. 28.

The fair, taking place at Istanbul’s Ceylan Intercontinental Hotel, includes participants from 32 countries in the Middle East, Central Asia and North Africa that together boast more than 500 million viewers.

The first conference of the fair, which took place Feb. 28, was moderated by Nick Holdsworth, Variety Magazine’s East Europe and Middle Asia chief. The conference focused on the Silk Road and Middle Asia. The second conference will focus on a “Renaissance in Arab content,” discussing how Arab content can be successful abroad.

KanalD, the Samanyolu Broadcasting Group, Show TV, Turkish Radio & TV Corporation (TRT), WWE Turkey, ATV Broadcasting, Digiturk, Calinos Entertainment and ITV – Inter Medya are all presenting their series at the fair. The fair provides a platform for Global Agency, which has distributed series such as “İffet,” “Behzat Ç.,” “Kalbim 4 Mevsim” and “Firar” from Turkey’s private Star TV channel.

Global Agency, whose goal is to distribute the most watched series around the world, has sold “Muhteşem Yüzyıl” (The Magnificent Century) to 40 countries and is among the five fastest growing distribution companies in the world.

The fair is gathering 120 international content providers in Istanbul for presentations and discussions on TV formats, program packages, movie portfolios and more. Global Agency has been attending television broadcasting fairs around the world for the past eight years. The company will also present movie projects such as “Love in a different language” and “1,001 Nights” to international companies in addition to various competition formats. »

Source : Hürriyet Daily News

« Cukurova in talks to sell Show TV stake » – Sabah

« Turkey’s Cukurova Holding is in talks with two U.S. private equity firms to sell as much as 49 percent of its television channel Show TV to finance tax debts, a source close to the matter told Reuters.

Cukurova, which controls the country’s biggest mobile network Turkcell, is talking to KKR and Texas Pacific Group, the source said.

« Cukurova Group wants to keep a 51 percent stake, » he said.

Show TV is valued at at least $800 million and the valuation could easily rise above $1 billion based on a multiple of 12 times earnings, the source said.

Turkcell recently said it received orders from tax offices for the sequestration of the Turkcell assets of Cukurova for 1.68 billion lira ($1.06 billion) due to tax debts.

The source said Cukurova’s other units including Digiturk and Genel Enerji may be subject to stake sales to finance the tax debts. »

Source : Sabah