Visi Media Asia


PT Visi Media Asia Tbk also known as VIVA Group is an integrated media company headquartered in Jakarta, Indonesia. VIVA Group is a business subsidiary of Bakrie Global Ventura of Bakrie Group. The company is currently led by Anindya Novyan Bakrie, as the President Director of the company. VIVA Group is a publicly traded company listed on Indonesia Stock Exchange since 2011. VIVA is operating in television broadcasting and digital media services. The company operates tvOne, a news television station; ANTV, which provides entertainment, lifestyle, and sports content for women and children; and viva.co.id, an online news portal.

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, which has an application available for BlackBerry, SMS, Android, and Brew.
On April 30, 2006, Rupert Murdoch's News Corporation through STAR TV and Fox International Channels bought a 20% stake in ANTV. In 2007, ANTV changed its logo and focused on programs for children and female audiences.
In 2008, tvOne call sign was launched as a television station focused on news and sports for the ABC 15+ audience segment. In 2009, Murdoch’s StarTV divested all of its shares ownership in ANTV, and through its subsidiary Fast Plus Limited, obtained a 7.5% share ownership in VIVA.
In 2012, Visi Media Asia acquired FIFA World Cup 2014 Brazil exclusive broadcasting covering FTA Rights, Pay TV Rights, Radio Rights, Mobile Rights, and IPTV Rights. All matches in the  competition were broadcast nationally on FTA channel ANTV and tvOne.
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.
The Bakries sought a valuation of $1.2-2 billion for the media unit, although Viva’s market capitalization was only $845 million.
In 2019, VIVA Group made an undisclosed investment in BumiLangit Studios, Indonesian character based entertainment company in Indonesia, that managed 500 superheroes characters including a 2019 theater hit Gundala.

Corporate Governance

Shareholder composition

Shareholder composition based on the latest Visi Media Asia annual report;
PT. Visi Media Asia

Sport Production House

Free-to-air (FTA) television

ANTV

was repositioned to be a TV station that focuses on entertainment content for families, women, and children. Lifestyle and entertainment content broadcast by ANTV have attracted viewers nationwide.

tvONe

Since 2008, tvOne programs have been dominated by news, current affairs, talk shows and documentaries. The Indonesian Lawyers Club talk show as the leading talk show program was awarded Panasonic Gobel Awards in 2013 and 2014.

Digital Portals

VIVA.co.id

Through its subsidiary PT. Viva Media Baru, VIVA operates an online news and community portal named . PT Viva Media Baru operates some portals: VIVAnews, VIVAbola, VIVAlife, VIVAlog, VIVAforum, VIVAsocio and Gonla.com.

Financial data

Visi Media Asia Tbk 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.