MUMBAI: Hinduja Ventures Ltd (HVL) is in the process of getting its content assets under an associate company, Planet E-Shop Holdings India Ltd.
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As part of the restructuring, the movie business will move into Planet E-Shop. The Hindujas are involved in movie financing and have shown interest in film distribution as well. The latest film set for release is Teen Patti, a mega budget movie. “Planet E-Shop will house the movie side of the Group’s business,” says Indusind Media & Communications CEO and MD |
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CVO, the cable movie channel, will, however, continue to operate under IndusInd Media & Communications (IMCL). “The channel is part of IMCL and there are no plans as of now to shift this out,” says Mansukhani. The distribution of channels for retail and commercial will fall under Planet E-Shop. It will also be engaged in marketing and distribution of foreign channels which seek downlinking in India. “We are distributing ESPN in Mumbai and are in talks with two other major broadcasters We also have taken up marketing and distribution of foreign channels like Arirang and Miracle Channel. We are looking at signing up three more channels this year,” says Mansukhani. |
Planet E-Shop distributes foreign movies in India and runs a teleshopping network Shop24 Seven.
As reported first in Indiantelevision, IMCL is planning to list to primarily fund acquisition and expansion of its digital cable business. Operating the cable business under the Incablenet brand, it has plans to invest Rs 1 billion this year.
