Visi Media Asia

PT Visi Media Asia Tbk (branded as Viva) is a business subsidiary of Bakrie Global Ventura of Bakrie Group. It started as an agribusiness organization in 1951 and expanded into telecommunications, media, metal, and coal mining industries. According to the 2011 edition of Forbes magazine, Aburizal Bakrie, the founder of the Bakrie Group, was the 30th richest person in Indonesia. He was also a potential presidential candidate for the Golkar Party.[1]

PT Visi Media Asia Tbk
Viva
Public
Traded asIDX: VIVA
ISINID1000121304 
IndustryMass media
Founded2004 (2004)
FounderAnindya Bakrie
HeadquartersWisma Bakrie 2, 7th Floor
Jalan H.R. Rasuna Said, Karet Kuningan Setiabudi
Key people
Anindya Bakrie
ProductsBroadcasting, cable television, online media
Revenue Rp 2.658 trillion (2016)
Rp 756.3 billion (2016)
Rp 477 billion (2016)
Total assets Rp 6.836 trillion (2016)
Total equity Rp 2.627 trillion (2016)
OwnerBakrie Group
Number of employees
2,892 (2016)
Websitewww.vivagroup.co.id

History

Visi Media Asia was started in 2004 by Bakrie Global Ventura. It provides news, sports, and lifestyle content on traditional and online platforms. It owns two television channels, tvOne and antv, and the online news website VIVANews (now VIVA.co.id), which has an application available for BlackBerry, SMS, Android, and Brew.[2]

In 2012, Visi Media Asia buys broadcast rights to 2014 FIFA World Cup.

In 2013, Visi Media Asia and other subsidiaries of Bakrie Group faced a huge financial crisis. The Bakrie family decided to sell their majority interest in Visi Media Asia to buy coal assets from London-listed Bumi Plc. Offering approximately 51% of the stakes, they received a number of bids, including two from MNC Group, CT Corp. and Elang Mahkota Teknologi (which controls SCTV).

The Bakries sought a valuation of $1.2-2 billion for the media unit, although Viva’s market capitalization was only $845 million.[3]

Prominent members

Broadcast media

Free-to-air television
  • PT Intermedia Capital Tbk
    • PT Cakrawala Andalas Televisi (antv) (co-owned with STAR TV)
  • PT Lativi Media Karya (tvOne)

Digital only
  • PT Viva Sport Indonesia (SportOne)

Pay television

Former broadcast media

Sport Production House
  • Bakrie Viva Sport (BV Sport)

Online sites

Through its subsidiary PT. Viva Media Baru, VIVA operates an online news and community portal named VIVA.co.id. PT Viva Media Baru operates some portals: VIVAnews (news portal), VIVAbola (sports portal), VIVAlife (lifestyle portal), VIVAlog (blog sharing platform), VIVAforum (discussion forum), VIVAsocio (social platform),[6] and Gonla.com (booking service).

Financial data

Visi Media Asia Tbk (VIVA) posted a net profit of 72.92 billion Indonesian rupiah in 2012. This marked an increase of about 177% compared to the 2011 net profit of 26.26 billion rupiah. In its financial report, net-profit growth triggered the increase of income to 1.24 trillion rupiah, which was an increase from 992.63 billion rupiah in 2011. Meanwhile, the company's total assets during 2012 reached 2.99 trillion rupiah, increasing 23% compared to total assets of 2.42 trillion rupiah in 2011.[7]

Visi Media Asia

References
  1. "#30 Aburizal Bakrie". Forbes.com. Retrieved 2013-09-06.
  2. "Visi Media Asia Tbk PT". Bllomberg.com. Retrieved 4 June 2013.
  3. "Bakrie Group plan to Offering Majority Stake in Visi Media Asia". indosuperstocks.com. 2013-02-09. Retrieved 2013-09-06.
  4. "2013, VIVA Mau Terjun ke Bisnis TV Berbayar". Tribunnews.com. 2012-10-30. Retrieved 2013-09-06.
  5. "Bangun TV Berbayar, Grup Bakrie Investasi USD 150 juta". Jpnn.Com. Retrieved 2013-09-06.
  6. "Viva Media Baru PT". Investing.businessweek.com. Retrieved 2013-09-06.
  7. "Financial Data". Tribunnews.com. Retrieved 2013-09-06.
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