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Mukesh Ambani’s RIL to acquire 24.9% stake in Balaji Telefilms for Rs 413 crore  UPDATED

The deal will give Reliance Industries a TV and movie production house and, above all, an OTT biz in ALT Balaji. It will help ALTBalaji to compete with other OTT service providers. Along with the earlier deal, Balaji will now be armed with around Rs 520 crore to expand its biz.

Balaji Telefilms to consider fundraising on 20 July, shares gain 4.43%

The board of Balaji Telefilms will meet on 20 July to consider various fund-raising options. This will include raising funds through issue of securities on preferential basis.

Still & Still Media Collective forays into TV production

Still & Still Media Collective, content creators across web, films and advertising, is foraying into TV production with the launch of a new vertical, Still and Still Out of the Box.

Balaji Telefilms rings profit in Q4 as margin improves

Balaji Telefilms posts consolidated net profit of Rs 3 mn in Q4 compared to net loss of Rs 16 crore a year ago. Gross margin improves to Rs 28.6 crore from Rs 7.3 crore.

Endemol Shine India to take ‘Bigg Boss’ to Tamil, Telugu markets

Endemol Shine India is set to expand its popular reality show ‘Bigg Boss’ in new regional markets.

Balaji Motion Pictures to produce Rhea Kapoor’s ‘Veere Di Wedding’

Balaji Motion Pictures, the film production arm of Balaji Telefilms, is set to produce Rhea Kapoor’s maiden film venture ‘Veere Di Wedding’.

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

“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

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 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

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.