Imagine Showbiz was a 24-hour Bollywood music channel catering to Indian youth owned by Reliance Anil Dhirubhai Ambani Group based in Mumbai.
History
The channel went on air on 15 August 2008 as NDTV Imagine Showbiz. Imagine Showbiz Ltd. was a JV company between NDTV Group and Cinestar Advertising Private Ltd.[1]
On 8 December 2009, it was announced that Turner Asia Pacific Ventures (a wholly owned subsidiary Turner Broadcasting System) had acquired a 92 per cent stake in NDTV Imagine Ltd.[2] NDTV's 76 per cent stake in NDTV Imagine would be given to Turner for $67 million, the Time Warner company would acquire fresh equity worth $50 million to get 92 percent control. NDTV Imagine Ltd. runs NDTV Imagine, NDTV Lumiere and NDTV Imagine Showbiz television channels and film production and distribution company, NDTV Imagine Film Co. The purchase received approval from the Time Warner board on 17 December 2009.[3]