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Television

Balaji Telefilms plans to invest Rs 400 cr in OTT, eyes break-even with 4 mn subs in 3.5 years

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“We are looking to invest Rs 300-400 crore in ALT Balaji. We should break-even in 3.5 years when we have 4 million subscribers in India and abroad,” Balaji Telefilms Group CEO Sameer Nair told TelevisionPost.com.

Keshet Asia makes two major hires, opens office in Mumbai

Arpit Agarwal will lead the India operation on the ground as director, India and SAARC. Mihir Karlekar joins as senior sales manager, India, Saarc.

FremantleMedia acquires 25% stake in Gurinder Chadha’s production firm

FremantleMedia

FremantleMedia is acquiring a 25% stake in Gurinder Chadha’s Bend It TV. Chadha has made films such as ‘Bend It Like Beckham’, ‘Bride and Prejudice’ and ‘Angus, Thongs and Perfect Snogging’.

‘Sarabhai vs Sarabhai’ to return on Hotstar as web series

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After a gap of 11 years, popular comedy series ‘Sarabhai vs Sarabhai’ is making a comeback as a web series on Hotstar. Whether it will also be available on TV is not yet decided.

Balaji Telefilms to be cautious in movie production biz

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Balaji did not release any movie in Q3 and continues to be very selective with its movie pipeline. Investment in movies that are under production stand at Rs 50.3 crore, as of 31 December 2016.

Balaji Telefilms’ investments and preparation for launch of OTT service

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Balaji has invested Rs 30.7 crore in its OTT venture and continues to add original and exclusive content in preparation for its launch. Testing of the services is on ahead of the commercial launch of ALT Balaji. The content library at launch will have six original shows and some curated content totaling over 200 hours of content.

Balaji Telefilms plans to launch OTT service in Q4 of FY17

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Balaji is readying to launch its OTT streaming service ALT Digital in Q4. Content library at launch expected to be over 200 hours, including curated content.

Balaji Telefilms’ standalone net profit contracts in Q2

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Balaji Telefilms’ standalone net profit has contracted to Rs 4.4 cr compared to Rs 6.9 crore in the corresponding quarter of the previous fiscal year.

GRB Entertainment in new content deals with Sony Pictures and Bell Media

GRB Entertainment has announced deals for crime series to Canada’s Bell Media and to Sony Pictures Entertainment in the UK, Isle of Man, Channel Islands, Ireland and Malta.

Balaji Telefilms streamlining group structure to consolidate operations

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Balaji Telefilms Ltd (BTL) is streamlining its group structure to combine similar business interests, improve allocation of capital, enhance operational efficiencies and optimise cash flows. The film production undertaking of Balaji Motion Pictures (BMPL) is being demerged into BTL. As part of the new structure, Bolt Media Ltd will be amalgamated with BTL.