Mumbai: As per the official statement of the channel ‘Imagine TV’ released earlier today, the channel ‘Imagine TV’ has shut down its operations in India from Thursday, April 12th. Turner Broadcasting System, a U.S based media giant firm, issued the statement to the media and relevant authorities about shutting down their entertainment channel ‘Imagine TV’ in India.
The group said that despite shutting down the channel they would continue investing in various other works in the country. It has been said that both Imagine TV and its international feed ‘Imagine Dil Se’ would stop operating from Thursday in India.
Siddharth Jain, the M.D. South Asia Turner International, said in the statement that the channel could not perform as per the expectations though a few of the shows got marvelous ratings but the overall business from the channel was below satisfactorily levels. Thus the company decided to close down the operations of the channel in India.
He added that it was not a haste decision rather a very carefully decided decision. NTDV Network, the company which owned the majority stake of the channel Imagine TV initially, sold its part to the U.S based Turner International in year 2010.
The company continued saying that the company will remain committed in making future investments in the country. Presently Turner International owns and runs a number of well-watched and popular TV channels such as CNN, HBO, Cartoon Network, TCM, WB and Boomerang in India.
Turner said that the company would like to be the leaders in entertainment business in India thus they would keep exploring the expansion opportunities in this growing market of India.
With shutting down of the channel, the controversies queen Veena Malik, who was knitting many bigger dreams of big success and looking for her Mr. Right with the show ‘Veena Ka Swayamvar’, will be much disappointed.