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Surya Citra Media

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Indonesian media and entertainment company
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PT Surya Citra Media Tbk
Logo used as of 1 January 2018
FormerlyPT Cipta Aneka Selaras (1999—2001)
Company typePublic
Traded asIDX: SCMA
Industry
Founded29 January 1999; 25 years ago (1999-01-29)
Founders
  • Abhimata Mediatama
  • Mitrasari Persada
HeadquartersJakarta, Indonesia
Key peopleSutanto Hartono (President Director)
OwnerEmtek
Subsidiaries
Websitewww.scm.co.id

PT Surya Citra Media Tbk (SCM) is an Indonesian media and entertainment company. It is owned by Emtek and is based in Jakarta. It operates four television networks: SCTV, Indosiar, Ajwa TV, and Mentari TV, as well as the Vidio streaming service, Nex Parabola satellite pay television, and KapanLagi Youniverse. Surya Citra shares are listed on the Indonesia Stock Exchange.

History

Surya Citra Media was established on 29 January 1999 as Cipta Aneka Selaras, with a focus on multimedia, entertainment and communications services, particularly television. In 2001, Cipta Aneka Selaras changed its name to Surya Citra Media.

Surya Citra Televisi (SCTV) is a subsidiary of Surya Citra Media. SCTV commenced broadcasting in 1990 covering the city of Surabaya, and began operating nationwide in 1993. SCTV headquarters later moved to Jakarta. In May 2013, Indosiar Karya Media was absorbed into SCM.

In 2017, SCM took over SinemArt from MNC Media due to very low ratings. In addition, MNC wanted to aim for content alignment as well as the development of digital assets and production houses owned by the group, so that SinemArt returned to SCM after working collaboratively from 2003 till 2007.

References

  1. Andi, Dimas (6 June 2018). Kartini, Dupla (ed.). "Surya Citra Media (SCMA) punya banyak peluang di tengah tantangan". Kontan (in Indonesian). Jakarta: Grahanusa Mediatama. Retrieved 20 June 2018.
  2. "Falling Advertising Budget Takes Toll on Indonesian TV Stocks". Bloomberg. Retrieved 20 June 2018.
  3. "Ekspansi & Akuisisi, Surya Citra Media (SCMA) Galang Dana Rp3,5 Triliun". Bisnis (in Indonesian). Retrieved 20 June 2018.
  4. "Indonesia media tycoons in legal drama over soap opera deal". Nikkei Asian Review. Retrieved 20 June 2018.
  5. "Indonesia: Emtek Group's SCM acquires production house Sinemart Indonesia – DealStreetAsia". Deal Street Asia. Retrieved 20 June 2018.

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