Reliance Broadcast in JV with U.S.-based CBS

June 21, 2010 By Leave a Comment

June 20 (Reuters) – Reliance Broadcast Network (RELW.BO), part of the Anil Dhirubhai Ambani group, said on Sunday it had signed an initial agreement for an equal joint venture with U.S.-based CBS Corp (CBS.N) to launch television channels in India.

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The joint venture will operate English language channels and will later explore launching regional-language general entertainment channels, it said in a press release.

“The agreement is subject to customary diligence, negotiation and execution of a definitive documentation, which are presently underway,” it said, adding it plans to complete the process in a month.

No other details were provided. (Reporting by Rajesh Kurup and Swati Pandey; Editing by Jon Loades-Carter)

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Indyarocks.com offers free online access to 16 premium video channels

May 26, 2009 By Leave a Comment

Hyderabad/Mumbai, May 26 (ANI/Business Wire India): Hyderabad=based Indyarocks.com, the leader in Indian Entertainment based social networking today announced the launch of 16 free premium video Channels in partnership with nautanki.tv an online video distribution platform.

The premium video channels can be accessed at http://videos.indyarocks.com.

This partnership will enable over 3 million users of www.indyarocks.com, free online access to premium video content from Youth Channels (MTV, Channel [V], FTV), News Channels (TimesNow, Zee News), General Entertainment channels (Colors, Star), Movie Based channels (Zoom, Eros, Bollywood Hungama, Lehren) and Bhangra channel.

Making the announcement Kalyan Manyam, Co-founder of Indyarocks, said, “Our partnership with nautanki.tv will enable us to enrich our user experience and strengthen our leadership position further. Our target is to increase the No. of online premium video channels to 25 by December 2009.”

“We are excited about the partnership with Indyarocks.com. Indyarocks has seamlessly implemented our nautanki.tv api suite to provide premium video content to its users. We are sure that the users will have a great time on Indyarocks watching premium video content from nautanki.tv’s content partners.” Said Sunil Nair, CEO nautanki.tv

Indyarocks is a free to use service. People can register at www.indyarocks.com for free and enjoy any or all of the following services: 360 degree bollywood content, 12500 free games, cricket, privacy based social networking, free sms interactivity, sms based calendar, sms based status updates, integrated media center with capability to upload and share unlimited photos, videos and blogs. (ANI)

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Buy Balaji Tele, Target Rs 57: Nirmal Bang

April 9, 2009 By Leave a Comment

Nirmal Bang Research is bullish on Balaji Telefilms and maintained ‘Buy’ rating on the stock to achieve a target between Rs 51-57 within 1-5 days.

Traders can buy the stock with a stop loss of Rs 35.

Shares of the company, on Wednesday (April 08), closed at Rs 39.70 on the Bombay Stock Exchange (BSE). Current EPS and P/E ratio stood at 10.02 and 4.12 respectively. The share price has seen a 52-week high of Rs 221.70 and a low of Rs 24.80 on BSE.

Huge volumes witnessed in last couple of days, so buy the stock and hold, if it maintains above 44, a big move is expected.

In Jan 2009, Balaji Telefilms` creative head Ekta Kapoor rejects plans to start her individual channel or obtain stakes in a subsisting Hindi General Entertainment Channel.

Describing broadcasting as a chancy business mainly after the slump, the she said that presently she was contented being just a TV producer.

Based in Mumbai, Balaji Telefilms is a production house promoted by Tusshar Kapoor, Jeetendra, Shobha Kapoor and Ekta Kapoor.

It has made lots of well-known serials in India and has turned the leading TV production house in South Asia, Southeast Asia and the Middle East.

The recent downfall of the company took place in 2008 – 2009 period when popular Balaji serials were either scrapped, called off or shut shop making Balaji, a popular production house, an ordinary production house with no more than a few soaps in hand while newer production houses have started to dominate the television industry sadly.

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