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Surya Citra Media: A Powerhouse of Indonesian Entertainment

Surya Citra Media: A Powerhouse of Indonesian Entertainment In the dynamic landscape of Southeast Asian broadcasting, PT Surya Citra Media Tbk (SCM) stands as a dominant force in the Indo...

Surya Citra Media: A Powerhouse of Indonesian Entertainment

In the dynamic landscape of Southeast Asian broadcasting, PT Surya Citra Media Tbk (SCM) stands as a dominant force in the Indonesian media and entertainment sector. Based in Jakarta and owned by the Emtek group, SCM has evolved from a focused multimedia startup into a diversified conglomerate that spans traditional television, satellite services, and modern digital streaming.

The company is publicly traded on the Indonesia Stock Exchange under the ticker IDX: SCMA, reflecting its significant role in the national economy and the broader media industry.

Key Facts

  • Founded: January 29, 1999.
  • Parent Company: Emtek.
  • Headquarters: Jakarta, Indonesia.
  • Core Assets: SCTV, Indosiar, Vidio, and Nex Parabola.
  • Stock Ticker: IDX: SCMA.
  • Current Leadership: Sutanto Hartono (President Director).

The Evolution of Surya Citra Media

The company began its journey on January 29, 1999, originally operating under the name PT Cipta Aneka Selaras. From its inception, the firm focused on multimedia, communications, and entertainment services, with a primary emphasis on the television sector. In 2001, the company rebranded to its current name, Surya Citra Media.

A pivotal part of SCM's growth is its subsidiary, Surya Citra Televisi (SCTV). SCTV first began broadcasting in 1990, initially serving the city of Surabaya. By 1993, it expanded its reach to operate nationwide, eventually relocating its headquarters to Jakarta to better manage its growing influence.

Over the years, SCM has strategically expanded its portfolio through acquisitions and mergers. In May 2013, Indosiar Karya Media was absorbed into SCM. Later, in 2017, SCM re-acquired the production house SinemArt from MNC Media. This move followed a period of low ratings for the production house and a desire by MNC to align its own content and digital assets. This marked a return to a partnership that had previously existed between 2003 and 2007.

Diverse Media Portfolio

Surya Citra Media operates a comprehensive ecosystem of media platforms designed to capture various audience demographics across different technologies.

Television Networks

SCM manages four distinct television networks, ensuring a wide reach across the Indonesian archipelago:

  • SCTV: One of the nation's primary free-to-air channels.
  • Indosiar: A major network known for diverse entertainment programming.
  • Ajwa TV: A specialized channel focusing on religious content.
  • Mentari TV: A network dedicated to children's and family programming.

Digital and Satellite Services

To adapt to the digital shift, SCM has invested heavily in over-the-top (OTT) services and satellite technology:

  • Vidio: A leading streaming service providing on-demand content.
  • Nex Parabola: A satellite pay television provider.
  • KapanLagi Youniverse: A digital media network focusing on entertainment news and content.
  • Indonesia Entertainment Group: A subsidiary supporting the group's entertainment ventures.

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Company Overview Summary

Quick Reference: Surya Citra Media (SCM) Profile
Category Details
Industry Media & Entertainment
Ownership Emtek
Key Subsidiaries SCTV, Indosiar, Vidio, Nex Parabola, KapanLagi Youniverse
Listing IDX: SCMA
Founding Date January 29, 1999

Frequently Asked Questions

What is the relationship between SCM and Emtek?

PT Surya Citra Media Tbk (SCM) is owned by Emtek, which serves as the parent company for the media group.

Which television channels are operated by SCM?

SCM operates four television networks: SCTV, Indosiar, Ajwa TV, and Mentari TV.

What is Vidio?

Vidio is the digital streaming service operated by Surya Citra Media, allowing users to access content via the internet.

When did SCTV start broadcasting?

SCTV began broadcasting in 1990 in Surabaya and expanded to nationwide operations in 1993.

Why did SCM acquire SinemArt in 2017?

SCM took over SinemArt from MNC Media due to the production house's low ratings and MNC's desire to align its own content and digital assets.

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.