The Essel group founder, Subhash Chandra has settled 91.2 per cent of his debt with 43 lenders, and the remaining dues are in the process of being paid. "I am happy to report that we have come out of the financial stress situation by settling 91.2% of our total debt to 43 lenders in 110 accounts. "About 88.3% of the amount has been paid, while the remaining 2.9% is in the process of being paid. "We are making all the required efforts to settle the remaining 8.8% of our total debt.
'I connected with the respective companies and requested them not to go ahead with the concept. But they turned a deaf ear.'
'Never in the history of Indian cinema did we have a distribution system for 240 countries, but we have it now.' 'And if we still keep catering to the B and C-tiers of our country, and not the whole world, then we are really being losers.' 'The visionaries of the industry must pull up their socks and say that now we will create for the world.'
An actor of remarkable presence and gravitas, Vikram Gokhale's dramatic eloquence and cocksure authority sparkled every time he had to call on someone's bluff or leave them too tongue-tied to beat around the bush. Often though, his cold, composed stare was enough to put a dolt in place.
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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.
'Directors like Buddhada don't tell you, "Do this, do that." They just guide you and you get it right.'
The Bombay high court said if the conditions of BCCI's tender are strictly adhered to then both are ineligible to bag the telecast rights.
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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.
Shooting is underway for Amitabh Bachchan's Goodbye, Shah Rukh Khan's Pathan, Salman Khan's Tiger 3 and Prabhas and Saif Ali Khan's Adipurush among other films.
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.
Star had picked up stake in August 2004; transaction took place on the Metropolitan Stock Exchange of India
'Ekta Kapoor has already sent an SMS saying: 'We will see to it by next year you will be nowhere.''
From being a one-off option, product placements are soon taking the form of a sustained campaign.
In a bid to strengthen the executive management Zee Telefilm's Subhash Chandra has relinquished the post of managing director and appointed Pradeep Guha as chief executive officer.
Enthused by the recent success of some of its programmes, Zee Telefilms has decided to hike advertisement rates on its channels by 30-40 per cent from the next fiscal.
The High Court also gave the BCCI the freedom to engage any producer for the purpose of live feed except Zee Telefilms Ltd and ESPN Star Sports.
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.
The Delhi high court allowed the BCCI to open technical bids for grant of telecast and broadcast rights in India for the next four years after Zee Telefilms said it has no objection to it.
The Board told the Bombay high court its tender with Zee Telefilms is not condluded, following which ESPN-Star Sports withdrew its petition.
Zee Telefilms Ltd on Monday approved the merger of all its five Mauritius-based subsidiaries, including Zee MGM, into Asia Today Ltd.
Their next film together will be action musical, produced by Ekta Kapoor's Balaji Telefilms.
