Imagine Showbiz is a 24-hour Bollywood music channel catering to Indian youth owned by Reliance Anil Dhirubhai Ambani Group based in Mumbai.

Imagine Showbiz Ltd. was a JV company between NDTV Group and Cinestar Advertising Private Ltd.[1] On 8 December 2009, it was announced that Turner Asia Pacific Ventures (a wholly owned subsidiary Turner Broadcasting System) had acquired a 92 per cent stake in NDTV Imagine Ltd.[2] NDTV's 76 per cent stake in NDTV Imagine would be given to Turner for $67 million, the Time Warner company would acquire fresh equity worth $50 million to get 92 percent control.

The purchase received approval from the Time Warner board on 17 December 2009.

[3] At the end of the $126.5 million deal, Turner held 92% in NDTV Imagine Ltd. while 3.2% was retained by NDTV Networks and the remaining 4.8% was held by its chief executive officer Sameer Nair and other Imagine employees.

In January 2011, Reliance Broadcast Network Ltd (RBNL), part of the Anil Dhirubhai Ambani Group, confirmed a proposed acquisition of Imagine Showbiz from Cinestar,[5] who had bought the entire 51 percent stake held by its JV partner Turner International.