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Television Broadcasts Limited

 
Hoover's Profile: Television Broadcasts Limited
(Pink Sheets:TVBCY)
Contact Information
Television Broadcasts Limited
TVB City, 77 Chun Choi St,, Tseung Kwan O Industrial Estate
Kowloon, Hong Kong
Tel. +852-2335-9123
Fax +852-2358-1300

Type: Public
On the web: http://www.tvb.com

This company dazzles TV viewers with Jade and Pearl. Television Broadcasts (TVB) owns and operates Jade and Pearl, two leading broadcast networks serving Hong Kong. The networks offer a typical mix of entertainment, news, and information programming; Pearl serves English-language speakers. The company is also a leading producer and distributor of Chinese-language programming, with more than 20 production studios, and it operates cable channels through TVB Pay View. TVB also operates TVBS serving Taiwan and it distributes Chinese-language programming in Europe, North America, and other parts of Asia. Chairman Sir Run Run Shaw controls more than 30% of TVB mostly through entertainment company Shaw Brothers.

Key numbers for fiscal year ending December, 2007:
Sales: $554.1M
One year growth: 2.6%
Net income: $162.1M
Income growth: 6.1%

Officers:
Chairman: Sir Run Run Shaw
Deputy Chairman and Acting Managing Director: Mona Fong
Assistant Managing Director: George C.C. Chan

Competitors:
Asia Television
i-CABLE
STAR Group

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Wikipedia: Television Broadcasts Limited
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Television Broadcasts Limited
Type Public SEHK: 0511,OTCBB: TVBCY
Founded Broadcast Drive, Kowloon, Hong Kong (1967)
Headquarters 77 Chun Choi Street
Tseung Kwan O Industrial Estate;
New Territories, Hong Kong
Key people Sir Run Run Shaw
Industry Television broadcasting
Products TVB Jade, TVB Pearl, TVBI, TVB Pay Vision, TVBS, TVB.com, TVB Publishing, etc.
Revenue $4.33 billion HK dollars (2007)
Employees 4532 (2007)
Website http://www.tvb.com
Television Broadcasts Limited
Traditional Chinese 電視廣播有限公司

Television Broadcasts Limited (SEHK: 0511,OTCBB: TVBCY), commonly known as TVB, was the first over-the-air commercial television station in Hong Kong. It commenced broadcasting on 19 November 1967.[1]. With a staff of about 4,500, it is one of two free-to-air television broadcasters in Hong Kong, the other being its arch-rival, ATV.[2]

TVB is the first free-to-air (FTA) television broadcaster in Hong Kong. When TVB first began broadcasting, to distinguish it from the cable television broadcaster, Rediffusion Television, it was commonly known as "Wireless Television" (無綫電視 Cantonese: mo sin din si) in Chinese, although there is more than one terrestrial television station now. The company's current chairman is Sir Run Run Shaw.[2]

TVB currently operates five free channels in Hong Kong.TVB Jade (Cantonese) and TVB Pearl (English) are TVB's flagship television channels. Under the digital terrestrial television platform, which formally commenced on 31 December 2007, J2 and iNEWS are new channels launched with standard definition, while HD Jade is Hong Kong's One-and-Only 24-hour broadcasting channel in high definition. [3][4] TVB currently provides twelve pay-tv channels for its associated company, TVB Pay Vision Limited.

TVB reaches out to the overseas Chinese communities. Its productions are available in Mainland China, Taiwan, Macau, the United States, United Kingdom, Canada, Australia, Republic of Ireland, New Zealand, Thailand, Malaysia, and Singapore, among others, on channels such as TVB's own TVBS-Europe[1] subscription satellite service.[5] In Taiwan, TVB operates through its TVBS subsidiary.

Many of Hong Kong's film and pop stars started their careers at the station through drama series produced by TVB. Special TVB events such as the annual TVB Anniversary Celebration are broadcast to planetary audience. TVB also runs talent programmes such as the annual Miss Hong Kong and Miss Chinese International beauty pageants. Successful contestants may be offered TVB's contracts and represent Hong Kong to take part at world-class beauty contests, including the Miss World Pageant.

Contents

Development

TVB dominates most of the television market in Hong Kong, but it is not considered the powerhouse it used to be. It started in 1965 as a competitor to what was then called Rediffusion Television, later to become ATV, a cable operator that charged subscription fees for its operation, and the only terrestrial competitor to TVB One of the first show launched was Enjoy Yourself Tonight in 1967.

TVB receives praise for its programming from a wide range of demographics, including the middle class, as was the case with its 2004 historical drama series War and Beauty. Its program line-up features a steady stream of soap operas, variety shows and other populist fare.

TVB has been criticised for signing exclusive contracts with many local celebrities which restrict them from appearing on other local television stations. Hong Kong's Cable T.V. claims it is unfair competition (although Asia Television Ltd, another major television station in Hong Kong, disagrees). In fact, many artists do not have exclusive contracts with TVB and are free to show up in programmes produced by other local television stations or out-sourcing production houses.

The annual TVB Music Awards ceremony is one of the biggest for Cantopop personalities. It is widely rumoured that TVB distributes the awards to those who are obedient to the company's demands, and the Independent Commission Against Corruption (Hong Kong) has investigated the arrangement of the awards.[6] It ruled that three TVB staff members under scrutiny were not guilty. Afterwards, TVB reformed its music programs in a bid to reestablish their authority.[7]

On the other hand, TVB was awarded the National Association of Broadcasters's (NAB) International Broadcasting Excellence Award in 2001. The award recognised the company's outstanding contributions to the community through a wide range of charitable programs and activities. Hong Kong thus becomes the first city in Asia to receive this prestigious award in this area.[2][8]

In 2005, TVB, in association with the Hong Kong Jockey Club, organised the biggest fundraising campaign in the company's history in response to South-East Asia's recent tsunami. It raised over one hundred million Hong Kong dollars to assist those affected.

From 31 March 2008, TVBS-Europe launched their "Multi-channel" package in Europe. It consists of 5 different channels which include the existing TVBS-Europe Channel plus the addition of TVBN, TVB Entertainment News, TVB Classic and TVB Lifestyle.[9]

Location

TVB Clear Water Bay headquarters in 1988

TVB was originally located on Broadcast Drive in Kowloon Tong, and was neighbours with RTHK and ATV. By the late 1980s, the company had out-grown the facility at Broadcast Drive, and built a new studio complex, named T.V. City, at Clear Water Bay in Sai Kung. The old Broadcast Drive headquarters was later converted into apartments.

To cope with future development and expansion, TVB began planning in 1998 to develop a replacement facility at the Tseung Kwan O Industrial Estate. The new HK$2.2 billion TVB City came into full operation in October 2003. The new headquarters are built on by far the largest piece of land ever leased by the then Hong Kong Industrial Estates Corporation and the first service-providing company in the area. It has a building area of over 110,000 square metres, 30% more than that of the previous facilities at Clear Water Bay. Studio 1 in TVB City, which can seat an audience of six hundred and thirty, is the largest television production studio among commercial television stations in Asia.[10]

News operation

TVB broadcasts several news programs, such as Jade Prime News (Jade) and Pearl Headline Prime (Pearl). It also operates its own news channel, TVBN. (traditional Chinese: 無綫新聞台Cantonese Yale: mo sin san man toi) and TVBN2 (traditional Chinese: 無綫新聞二台; Cantonese Yale: mo sin san man toi), through TVB Pay Vision (traditional Chinese: 無綫收費電視; Cantonese Yale: mo sin sau fai din si).

Management

  • Sir Run Run Shaw (邵逸夫) G.B.M. (Executive Chairman)
  • Mona Fong (方逸華) (Deputy Chairwoman and Acting Managing Directress)
  • Stephen Chan Chi Wan (陳志雲) General Manager
  • Virginia Lok Artiste Management Executive(樂易玲)

Notable shows from TVB

TVB is a major television-producer in Hong Kong, and its programs usually receive greater ratings than offerings from the other local television stations.

Channel list

See also

References

  1. ^ The company registed on 26 July 1965 C.R. No:0011781(Television Broadcasts Limited)—The Cyber Search Centre of the Integrated Companies Registry Information System
  2. ^ a b c "Corporate Information". Television Broadcasts Limited. 2006. http://www.tvb.com/affairs/faq/tvbgroup/tvb_e.html. Retrieved 2007-06-14. 
  3. ^ "Television Broadcasts Limited Provides Hong Kong's One-and-Only Free 24-Hour High Definition Channel". TVB. 2007-12-12. http://www.tvb.com/affairs/faq/press/20071212_e.html. Retrieved 2007-12-12. 
  4. ^ "Picture imperfect". The Standard. 11/06/2007. http://www.finance.thestandard.com.hk/chi/money_news_view.asp?aid=46477. Retrieved 2007-11-06. 
  5. ^ "Corporate Info". TVBI Company Limited. 2007. http://www.tvb.com/tvbi/corpinfo.htm. Retrieved 2007-11-06. 
  6. ^ "Stars arrested over 'rigged' awards". BBC. 2004. http://news.bbc.co.uk/2/hi/entertainment/3073679.stm. Retrieved 2007-11-06. 
  7. ^ "舞影行動終止 何麗全曾國強陳家倫慶清白 (in simplied Chinese)". 金羊網. 21/1/2005. http://www.ycwb.com/gb/content/2005-01/21/content_837170.htm. Retrieved 11/06/2007. 
  8. ^ "NAB International Broadcasting Excellence Award". National Association of Broadcasters. http://www.nab.org/AM/Template.cfm?Section=International&Template=/CM/HTMLDisplay.cfm&ContentID=3545. Retrieved 2008-06-09. 
  9. ^ Chinese Channel Home Page
  10. ^ "Grand Opening of Television Broadcasts Limited's TVB City A Significant Milestone of the Broadcasting and Production Industry in Hong Kong". TVB. 2003-12-10. http://www.tvb.com/affairs/faq/press/20031012_e.html. Retrieved 2007-11-06. 

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