In an interview to CNBC-TV18, Ekta Kapoor and Sameer Nair of Balaji Telefilms spoke about ALTBalaji's digital launch and how they plan to fight it out, survive and grow in the digital space.
Sameer Nair, Group CEO of Balaji Telefilms spoke about technical trials that are currently underway for its app - ALT and TV business that is coming up.
peaking to CNBC-TV18 Sameer Nair Group CEO of Balaji Telefilms says that new shows have a much lower margin. He is hoping to have 10 shows on air by FY17 end. TV business gross margin is likely to be up 25 percent by this fiscal year, he believes.
With a spate of new television shows lined up for launch, Balaji Telefilms‘ performance is set to exceed all expectations in FY17, says CEO Samir Nair. He expects double-digit growth in the television business for the full year.
Speaking to CNBC-TV Sameer Nair of Balaji Telefilms said that Udta Punjab's weekend collections globally have been Rs 53.8 crore.
The production house will soon be launching Alt-Balaji, a subscriber video-on-demand service, along the lines of Netflix, says Sameer Nair, Group Chief Executive Officer, Balaji Telefilms. It will be offering its content to consumers directly for the first time.
International investors are likely to hold 15 percent stake in the media company post fundraising. However, stock is reacting negatively to the fund raising buzz, down 4 percent intraday on Wednesday.
"We have got three movies and one low-budget movie lined up for FY16," says Balaji Telefilms Group CEO Sameer Nair.
Sameer Nair, Group CEO, Balaji Telefilms has acquired 4.16 lakh equity shares. His current holding now stands at 1.06 percent, the company said.
The Delhi government‘s recent economic decisions may leave the several corporate bigwigs who have joined AAP in recent times with some explaining to do.