Tag: Anurradha Prasad

  • B.A.G declares Q3 net profit up 33% at Rs 12 million

    B.A.G declares Q3 net profit up 33% at Rs 12 million

    MUMBAI: Anurradha Prasad’s B.A.G Films today announced its financial results for the quarter ended 31 December 2006. Net profit was up 33 per cent at Rs 12 million while revenues were up 20 per cent to Rs 109 million.

    The company has a presence in the programming, films and new media business segments, besides running a media school.
    During the quarter, B.A.G launched two new shows – Ankhiyon Ke Jharokhon Se on Star Plus and Yeh Vaada Raha on ARY Channel, Dubai.

    B.A.G’s movies report card was quite disappointing though with “Zindaggi Rocks”, starring Sushmita Sen, and directed by Tanuja Chandra, proving a monumental flop. The company also released Punjabi film “Mannat” during the quarter.

  • B.A.G Films Q1 net drops to Rs 5.6 million

    B.A.G Films Q1 net drops to Rs 5.6 million

    MUMBAI: B.A.G Films Ltd’s net profit has dropped to Rs 5.6 million for the quarter ended 30 June 2006, as against Rs 8.8 million in the corresponding period last fiscal.

    Total income has slipped to Rs 87.7 million as compared to Rs 135 million during this period.

    Profit before tax is at Rs 8.8 million as against Rs 12.2 million in the corresponding period of the previous year.

    In an official statement issued today, B.A.G. stated that Star India contributed Rs 33 million while Media Content & Communications (India) Private Limited added Rs 36 million to the reveune kitty of B.A.G Films Ltd.

    B.A.G Films Ltd MD Anurradha Prasad said, “During the quarter, we are have strengthened our animation business by entering into a JV with Sieundesign Co. Ltd. In the current year, we also propose to release two feature films for which the production is almost complete. We have also commenced the setting up of infrastructure for our FM radio stations.”

  • B.A.G Films ties-up with Korean production firm Sieundesign

    B.A.G Films ties-up with Korean production firm Sieundesign

    MUMBAI: Anurradha Prasad’s B.A.G Films is pursuing opportunities in new media avenues and also eyeing the animation frontier. The company has entered into a joint venture with a Korean firm Sieundesign, which has a presence in the production, distribution and licensing of animated movies and TV series.

    The JV is proposed to be named “Sieun & B.A.G. Animation Pvt. Ltd.” with both companies holding an equal stake. The business model will involve both creation of IP for global audiences as well as servicing outsourced projects.

    Speaking about the development, Prasad shared,“This initiative represents B.A.G. Films’ entry into the exciting and strongly growing animation business. We are delighted to tie up with Sieundesign Co Ltd, which is a leading international animation player and look forward leveraging its experience to building a strong presence in India.”
    B.A.G, is already running a media school –iSOMES (International School of Media and Entertainment Studies) and through the new JV, the company will be extending into animation education too.

    “We understand that we require a huge work force and so we will be training people as a backward integration excercise. The animation course starts in October,” remarked Prasad.

    “As a content company B.A.G films has always stayed at the forefront of cutting edge technology and even in the animation JV, the idea is to create a synergy, a best of both the worlds where we will utilise India’s expertise in animation production and combine it with the Korean strength of concieving characters and content,” concluded Prasad.

    Sieundesign presently owns more than 30 IPs of cartoon character content, which include Black Jelly, Booby, Yamm, Newton, Flower Terry, Tomato, 205 Friends, Little Tinny, Mr. Cool, Dear Alice, Dennis Family, Eyeme Angel, Emily, Pumpkin Seed, Oh-Baby, Brambly and Moose Bear besides the children performance Rise Up Monster character development. It also supplies cartoon content to several Korean mobile and on line services.

    All animation and character licenses owned by Sieundesign internationally will be owned in India by the joint venture entity.

    At the same time, B.A.G. Films is also looking at initiatives including video streaming, DVD, animation and gaming, interactive content for broadband, mobisodes, wireless transmission and the internet, besides identifying new uses for existing technologies such as digital libraries, interactive story telling and distance learning, according to a posting today on the Bombay Stock Exchange (BSE).

    The company is also contemplating providing voice content including news, cricket & sports, jokes, astro forecasts, celebrity interviews, Bollywood reviews and music album reviews in four languages namely Hindi, English, Tamil and Malayalam.

    B.A.G is already working the major cellular operators Airtel and Hutch on IVR.

    On the movie front, the production house proposes to release two films during the current calendar year. Zindagi Rocks, with Sushmita Sen and Shiney Ahuja as the lead actors is directed by Tanuja Chandra with music composed by Anu Malik. Then there is a Punjabi love story directed by Gurbir S Grewal with Jimmy Shergil and Kulraj Randhawa as the lead actors.

  • B.A.G Films chairperson & MD Anurradha Prasad

    B.A.G Films chairperson & MD Anurradha Prasad

    She took a break from being a journalist to start her own production house – B.A.G Films – in 1993 along with her Member of Parliament husband Rajeev Shukla. Pumping in a modest (in today’s world) Rs 40,000 from her own savings to start the company in a two bedroom apartment in Malvia Nagar in South Delhi, B.A.G Films chairperson and managing director Anurradha Prasad has no doubt carved a niche for herself today.

    A post graduate in Political Science, Anurradha started her career in the electronic media as assistant producer at PTI TV for Money Matters. She then joined the Observer channel in 1990 as senior producer and eventually rose through the ranks to head the channel two years later. “At that point in time, I felt that I wanted to do more than what I was doing. Also it was getting a bit uncomfortable for me because of internal politics. I felt the need to take a break. At the same time, three of my colleagues at Observer also quit with me, so I felt responsible to start something of my own. That’s how B.A.G Films came into being,” Anurradha says.

    But now, it’s not just TV for B.A.G. The company also has its own media school – iSOMES (International School of Media and Entertainment Studies) – which it started in collaboration with Missouri School of Journalism, USA and offers a number of under graduate and post graduate programmes. Apart from this, the company has also entered into film production, FM radio (it recently bagged 10 FM licenses) and is also into providing content for mobile phones.

    Her firm belief that content is king has led her to venture beyond television and work successfully with other media platforms, including films, broadband and video and IVR-based mobile content. Today B.A.G Films is the mobile-content supplier to Star, Airtel, Hutch and Reliance India Mobile.

    Today Anurradha dreams of her company to become a content services brand that is a force to reckon with internationally. “When I started my company, I was able to come into media and do a lot of things that others couldn’t think of doing. At that point in time people did not understand what television was. It was a great learning experience for me as well as a big challenge,” says she.

    Anurradha’s contribution to Indian television has earned her several honours, awards and accolades over the years. She is a member of CII and FICCI Entertainment Committee. She is on the board of Uttaranchal Film Development Council, and is executive member of Film Producers Guild of India. She also has several papers on media industry to her credit.

    While now the lady is mostly behind the scenes on the television front, she has in her early days anchored her first TV show Fact Sheet. In 1994, Ru-Ba-Ru, which was anchored by her hubby Rajeev, was launched on Zee TV and immediately rose to the peak of ratings, thus earning B.A.G Films its first super hit show.

    In her early days in the media, she realised that this was a completely new world, which was dominated by men. “However, I learnt to use that to my benefit. The television camera was an object of awe in those days and it became my biggest tool,” Anurradha confides.

    When queried on her views on the television industry today, she says, “I have 100 per cent appreciation for the people in the industry. The fact that people have learnt the ropes so fast is commendable. The fact is that the medium and the people in it are young. The energy levels are high even if the experience is lacking. Also, the fact of the matter remains that whether the government supports the industry or not, it still is and will be the fastest growing industry.”

    One of the issues that is currently on her agenda is to make the government realise that the television industry is a part of the knowledge economy and hence all the support that the IT sector is getting, should be given to the television industry as well.

     

     

    She is also of the opinion that the government should be providing tax holidays in the FM sector. “We as licensees have already coughed up almost Rs 10+ billion as licenses fees to the government. It doesn’t make sense for us to pay more to them. At the end of the day, FM will also provide employment to a whole lot of people. The policy makers and the government have always treated the media and entertainment industry as a ‘naach – gaana’ company. It’s high time they start taking us seriously. Also another issue is that the industry does not have a body like NASSCOM, which will push our issues to the forefront.”

    An avid reader, her 9 – 10 hours working day starts with almost 12 – 13 newspapers, which keeps her abreast with all the happenings in the country. Due to her husband’s involvement in politics and cricket, Anurradha leads a very hectic social life rubbing shoulders with the likes of Shahrukh Khan, Priyanka Gandhi and Sonia Gandhi to name a few. She just returned from Abu Dhabi a fortnight ago, where she went to catch the cricket action live with her husband.

     

    When asked to list out what her strengths and beliefs are, she says, “I think my strength is that I listen to a lot of things but at the same time that can be termed as a weakness too. I don’t like wasting my energies in something that don’t fall into my scheme of things. I am very focused. Also, I also don’t believe in yapping too much about what we’re doing. I like to keep a low profile.”

    An ardent fan of music, Anurradha used to be a voracious reader but now thanks to her hectic work life, reading has somewhat taken a back seat. Also a believer of Osho, she thinks that she is different from the rest in the way she thinks in her personal and professional life.

    Not a person to run after anything and everything in order to be successful, Anurradha believes in the philosophy that “whatever is due to you, you will get.”