Balaji Telefilms witnessed selling pressure in the early trades on reports that Sony Entertainment Television has decided to take the company's serial off air due to its poor performance.
Shobha Kapoor and Ekta Kapoor, managing director (MD) and joint MD of media firm Balaji Telefilms have failed to obtain requisite votes on resolutions pertaining to their remuneration. According to stock exchange disclosure made by the company, the two separate special resolutions on setting their salaries for the next years got 56.77 per cent and 55.45 per cent 'against' vote.
In one of the biggest splits in the media and entertainment industry, Star India, one of India's leading broadcasters, will soon part ways with Balaji Telefilms, known for its saas-bahu serials. Star, which holds 25.99 per cent stake in Balaji through Asian Broadcasting, is looking at selling its stake. Sources close to the developments said the exclusivity contract between the two firms may not be renewed.
Jeetendra and his family-backed Balaji Telefilms is focusing on expanding the content slate on its streaming platform Kutingg through micro dramas and long-format binge shows after the recent ban on its subscription-based video-on-demand platform ALTT due to obscene content.
They are venturing into allied businesses, which range from starting talent management agencies to music labels to tap into every possible monetisable opportunity to appeal to investors.
Television content provider Balaji Telefilms on Friday said it will launch regional entertainment channels in south Indian languages jointly with private broadcaster Star Group Ltd.
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After the dramatic end of the Star-Balaji proposed joint venture -- formed to launch regional channels -- Balaji has signed a content deal with leading southern broadcaster Sun Network. Balaji's move will set the battleground between Star and Balaji as the Murdoch company is believed to be partnering with Kerala-based broadcaster Asianet for its regional foray.
The principal promoters of Balaji Telefilms, actor Jeetendra, his wife Shobha, daughter Ekta and son Tushar, have decided not to buy Star India's 26 per cent stake in the television software company because of the sharp erosion in its share price.
The broadcaster had bought the stake in 2004.
Star had picked up stake in August 2004; transaction took place on the Metropolitan Stock Exchange of India
Micro dramas -- typically 30 seconds to one to two minutes long per episode -- are designed for mobile-first audiences.
Star group company Asian Broadcasting on Tuesday said it had picked up 21 per cent stake in India's leading entertainment company Balaji Telefilms for Rs 123.25 crore (Rs 1.23 billion).
'The satisfaction of making content only comes when it reaches theatres as you are directly connecting to the masses.'
Balaji Telefilms on Tuesday said it is ending a four-year old association with Star group under which an associate company of Rupert Murdoch-led global media conglomerate has been holding nearly 26 per cent stake in TV celebrity Ekta Kapoor-run entertainment content provider.
Mumbai-based television soap maker Balaji Telefilms is diversifying into ad film-making.
Television content provider Balaji Telefilms Ltd said on Monday it has signed a preliminary agreement with an Indonesian firm to offer rights for a part of its content library, for about Rs 15 million.
Television content provider Balaji Telefilms Ltd said on Monday it has signed a preliminary agreement with an Indonesian firm to offer rights for a part of its content library, for about Rs 15 million.
Entertainment software company Balaji Telefilms Ltd has posted a 20.73 per cent drop in its net profit at Rs 11.28 crore for the second quarter ended September 30, 2004 as against Rs 14.23 crore in the same period last year.
Performances by Nimrat Kaur and Amol Parashar make the rather unimaginative show watchable, observes Deepa Gahlot.
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Star Group affiliate Asian Broadcasting FZ LLC is to make an open offer to the shareholders of Balaji Telefilms Ltd for acquiring a 20 per cent stake in the latter at a price of Rs 90 per share aggregating over Rs 117 crore
From being a one-off option, product placements are soon taking the form of a sustained campaign.
'Ekta Kapoor has already sent an SMS saying: 'We will see to it by next year you will be nowhere.''
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Sleuths from the department swooped down on seven locations across Mumbai city, including Jeetendra and daughter Ekta's residences.
Apparently, Anju Mahendra (his co-star in Kwaish) had arranged for a preliminary meeting with Mahesh Bhatt. "I am extremely positive about this, and am looking forward to working with Vishesh Films."
Stocks of television channels, including NDTV and TV18, have performed better on the bourses than some of their moviemaking counterparts like Balaji Telefilms, Padmalaya Telefilms and Cinevistas Ltd.
Balaji Telefilms owner Ekta Kapoor becomes the target of a mob claiming to be members of the Rajput community for depiction of the historical figure of Jodha in her on-air serial titled Jodha Akbar. Sanchari Bhattacharya reports
Television actress Surveen Chawla will make her entry very soon.
According to reports, Star TV has sent a notice to Balaji Telefilms, asking them to terminate the show by November 10. On the other hand, Balaji feels that the termination is in breach of contract, and has taken the matter to court.
Yash Pandit tells us how he became Lakshya in Star Plus' Kyun Ki Saas Bhi Kabhi Bahu Thi.