ITV

Tag: Manmohan Shetty

  • Adlabs Films finds Synergy in equity deal

    Adlabs Films finds Synergy in equity deal

    MUMBAI: The Anil Dhirubhai Ambani Group (ADAG)-backed Adlabs Films is set to formally make a foray into the television business.

    According to capital market sources, Adlabs Films is poised to pick up a sizeable equity stake in Siddharth and Anita Basu’s production house Synergy Communications Pvt Ltd.

    Sources close to the development, however, said that it is still not clear whether the stake being picked up is 51 per cent or higher.

    While Adlabs expressed ignorance of the deal when contacted by Indiantelevision.com, Synergy Communications refused to entertain any query on the issue.

    However, market sources said that a valuation of Synergy Communications has been pegged between Rs 470 million to Rs 500 million.

    The scrip of Adlabs Films Ltd closed on 6 September at Rs 332.10 after opening at Rs 332 on Bombay Stock Exchange (BSE). The scrip reached an intra-day high of Rs 337.50, probably riding on the information of its radio division slated to roll-out FM operations in about four to six weeks time.

    It must be reiterated here that Adlabs Films CMD Manmohan Shetty had earlier confirmed to Indiantelevision.com that the company was looking at taking a controlling equity stake in a production house.

    Though Shetty had refused to divulge any names at that time, he had admitted, “All that I can say is that it (the targeted production house) is not a listed company and produces three to four shows with a good balance sheet.”

    Adlabs has been funding a few TV production companies and has chalked out eight projects with various producers who will be making programmes for TV channels.

    Synergy Communications, producers of Kaun Banega Crorepati or KBC (an Indian version of the popular western game show Who Wants To Be A Millionaire), is presently working on Jhalak Dikhla Jaa (a local adaption of Dancing With The Stars) for Sony.

    KBC, hosted by Bollywood legend Amitabh Bachchan, first started airing in 2000 on Star Plus and created such a national hysteria that it changed the fortunes of Star India and put it in a leadership position that’s still being maintained.

    Synergy was started by ace quizmaster Basu and his wife after the gentleman became a household name in India by hosting the very popular Quiz Time on Doordarshan in the pre-cable television days.

  • Adlabs Films finds Synergy in equity deal

    MUMBAI: The Anil Dhirubhai Ambani Group (ADAG)-backed Adlabs Films is set to formally make a foray into the television business.

    According to capital market sources, Adlabs Films is poised to pick up a sizeable equity stake in Siddharth and Anita Basu’s production house Synergy Communications Pvt Ltd.

    Sources close to the development, however, said that it is still not clear whether the stake being picked up is 51 per cent or higher.
    While Adlabs expressed ignorance of the deal when contacted by Indiantelevision.com, Synergy Communications refused to entertain any query on the issue.

    However, market sources said that a valuation of Synergy Communications has been pegged between Rs 470 million to Rs 500 million.

    The scrip of Adlabs Films Ltd closed on 6 September at Rs 332.10 after opening at Rs 332 on Bombay Stock Exchange (BSE). The scrip reached an intra-day high of Rs 337.50, probably riding on the information of its radio division slated to roll-out FM operations in about four to six weeks time.

    It must be reiterated here that Adlabs Films CMD Manmohan Shetty had earlier confirmed to Indiantelevision.com that the company was looking at taking a controlling equity stake in a production house.

    Though Shetty had refused to divulge any names at that time, he had admitted, “All that I can say is that it (the targeted production house) is not a listed company and produces three to four shows with a good balance sheet.”
    Adlabs has been funding a few TV production companies and has chalked out eight projects with various producers who will be making programmes for TV channels.

    Synergy Communications, producers of Kaun Banega Crorepati or KBC (an Indian version of the popular western game show Who Wants To Be A Millionaire), is presently working on Jhalak Dikhla Jaa (a local adaption of Dancing With The Stars) for Sony.

    KBC, hosted by Bollywood legend Amitabh Bachchan, first started airing in 2000 on Star Plus and created such a national hysteria that it changed the fortunes of Star India and put it in a leadership position that’s still being maintained.

    Synergy was started by ace quizmaster Basu and his wife after the gentleman became a household name in India by hosting the very popular Quiz Time on Doordarshan in the pre-cable television days.

     

  • Adlabs likely to pick up stake in a TV production house

    MUMBAI: Adlabs Films Ltd is in talks with a television content production company to acquire a controlling stake. If the deal sails through, Adlabs will be able to make an entry into TV production.

    “We are in negotiations not for a total buyout but a majority stake,” says Adlabs Films chairman and managing director Manmohan Shetty.

    He, however, did not disclose the name of the company. “All that I can say is that it is not a listed company and produces 3-4 shows with a good balance sheet,” says Shetty.

    Though Adlabs has been funding a few TV content companies, it has never directly been engaged in the business. One among the companies it has financed is Pankaj Parashar’s Mazaa Films, the creator of the popular TV serial Karam Chand.

    “We have been funding some TV content production companies for some specific programmes, even in the past. We have acted like debt providers. We have, however, not been very aggressive. Even now we would not like to focus on TV content in a more aggressive manner, either on our own or as co-productions,” says Shetty.

    The TV content business will function as a division of Adlabs. “At present all activities of TV content are functioning as a division of Adlabs. We will see how it grows,” says Shetty.

    Adlabs, meanwhile, has put on the backburner its plans to enter the home video segment. The talks for acquiring stake in Mumbai-based Excel Home Videos have been called off. “The deal didn’t happen. We will enter the home video segment on our own once the distribution network is in place. The project is now relegated to the backburner,” says Shetty.

    Will Adlabs take the acquisition route like Inox to ramp up its multiplex business? “We are aggressively expanding exhibition screens on our own,” says Shetty.

     

  • Adlabs to foray into production of Hollywood movies

    Adlabs to foray into production of Hollywood movies

    MUMBAI: Anil Ambani-controlled Adlabs Films Ltd is entering into production of Hollywood movies through AshoK Amritraj’s Hyde Park Entertainment Group.

    “We will be making Hollywood movies only with Hyde Park Entertainment. The first co-financed movie will start production in the next 2-3 months. We are finalising the investment details. We are also working out other movie projects,” says Adlabs Films chairman and managing director Manmohan Shetty.

    The signing of the co-production, film financing deal with Hyde Park Entertainment Group comes after Adlabs Films has set up offices in UK and US. Though distribution of Bollywood movies will form the primary business activity, the overseas operations will also explore opportunities in film production and post-production activities.

    Adlabs plans to distribute 18-24 films overseas this year and has some of the biggest films lined up for release in the coming months, like Rakesh Roshan’s Krrish, Sajid Nadiadwala’s Jaanemann, Ravi Chopra’s Babul and Mani Ratnam’s Guru.

    Hyde Park Entertainment, a production, financing and international sales company privately held by American film producer Amritraj, is planning to establish a foothold in India and is in talks to form a joint venture with an Indian animation company.

  • Adlabs to buy out Mukta stake in JV, pump in Rs 2 billion in twin-screen theatres

    Adlabs to buy out Mukta stake in JV, pump in Rs 2 billion in twin-screen theatres

    MUMBAI: Anil Ambani-controlled Adlabs Films Ltd is buying out Mukta Arts’ 50 per cent stake in the joint venture company, Mukta Adlabs Digital Exhibition.

    As a step up in the plan, Adlabs is earmarking an investment of Rs two billion towards acquisition of 50 old cinema theatres for conversion into “twin screens.” Part of this investment will include the installation of digital projectors in these theatres.

    “We are acquiring the entire stake of Mukta Arts. We will be investing Rs two billion to upgrade 50 cinema theatres and install digital delivery systems in them,” Adlabs Films chairman and managing director Manmohan Shetty tells Indiantelevision.com.

    Adlabs and Subhash Ghai-promoted Mukta Arts had floated a joint venture company in 2003 for digital delivery of movies. Mukta Adlabs Digital Exhibition had invested around Rs 100 million but the company had been unable to make much headway with its technology which required a server and projectors to be installed in the theatres.

    For buying out the stake, Adlabs has not paid any premium. “We have paid a little less than Rs 50 million which is the actual investments made by Mukta Arts. We didn’t want any partners as we were planning to integrate the twin-screen converted cinema threatres with the installation of digital projectors. We plan to have the 50 twin screen theatres in B-class stations over 3-4 years,” says Shetty.

    Mukta Arts, however, is not abandoning the digital delivery of movies project. “We decided to part ways with Adlabs as our plans were different. Digital distribution of movies will be very much part of our plans as we are committed to technologies of the future,” says Mukta Arts CEO Ravi Gupta.

    The new technology of digital projection through hard discs avoids the use of film prints, which costs between Rs 50,000 and Rs 60,000 to the distributor. It also enables audiences of “B” and “C” class centres to watch their favourite films on the first day itself, thereby making simultaneous worldwide release a possibility. The technology also combats against piracy.

    Anil Ambani has big plans to deliver movies to cinema theatres through Reliance Infocomm’s fibre optic network. Having designs on launching a direct-to-home (DTH) service, he may also take the satellite delivery route for distribution of movies. “Even if the current delivery sytems are changed, digital projectors will be required in the fibre or the satellite system. Our plan is to aggressively install these projectors in the theatres which we are taking up for converting into twin screens,” says Shetty.

  • Adlabs board to meet on FM radio demerger on 22 April

    Adlabs board to meet on FM radio demerger on 22 April

    MUMBAI: Anil Dhirubhai Ambani Enterprises (ADAE) controlled Adlabs Films is holding a board meeting on 22 April to discuss the demerger of its FM radio business.

    As reported last month by Indiantelevision.com, ADAE has sought government clearance for bringing all the radio business under a division — Adlabs Radio Pvt Ltd.

    The company has informed the Bombay Stock Exchange that the board will “consider the proposal for the reorganisation of the Company and demerger of its FM Radio business pro-rata to all the shareholders, pursuant to a scheme of arrangement under sections 391-394 of Companies Act, 1956.”
    According to a recent PTI report, ADAE had further increased its stake in Adlabs Films to 54.91 per cent after the acquisition of an additional 3.8 million shares.

    Reliance Land Private Limited, along with Reliance Capital Limited acquired these shares on 12 April, Adlabs Films has informed the stock exchanges.
    The mode of acquisition has been preferential allotment (conversion of warrants to equity), it said. With this latest acquisition, Reliance Land and Reliance Capital now own 21,855,000 shares aggregating to 54.91 per cent of the total paid up capital of the company.

    Reliance Land, a part of the Reliance Capital Group, last year had acquired 51 per cent controlling stake in Manmohan Shetty’s Adlabs Films, a leading motion picture processing laboratory which also runs a chain of multiplexes.

  • Frames debates the merits of the studio versus the independent filmmaker

    Frames debates the merits of the studio versus the independent filmmaker

    MUMBAI: The relationship between studios and independent filmmakers was a subject discussed at an afternoon session of Frames, the convention for the business of entertainment. The speakers were Sahara One CEO Shantonu Aditya, filmmakers Mahesh Bhatt,Govind Nihalani and Bobby Bedi and Adlabs Films chairman Manmohan Shetty.

    Nihalani pointed out that studios and independent filmmakers have their strengths and both parties should look to work with each other. “Artistically released commercially successful films can be made.

    Corporates should realize that creativity is equity. The independents should realize that money is as important as creativity. Studios should know that sometimes small risks pay off big time. That is because audiences like to be surprised.

    “A studio basically operates on calculated budgets and big stars to secure an ROI. Scripts are chosen if a star is attached. This ensures a long run. An independent filmmaker, on the other hand, feels that an idea and a directors treatment of that idea is what creates value. Lavish sets, big stars add value. However, they do not create value. There is a way to bridge the two and both should realize that they need each other.”

    This point was echoed by Shetty who noted that in the West independent filmmakers go the studio route to release their films. In India, there are studios like Yash Raj Films. However, important directors like Karan Johar still call the shots and studios chase them for the rights to distribute their films. “Reliance buying Adlabs means that more films will be made. Fortunately we have not suffered any losses till now.”

    Bhatt spoke on the benefits and challenges of being an independent filmmaker. “Movies that do not have personal supervision of an idea are doomed to fail. One does not only make movies. You need passion and religious fervour. There is talk of delivery systems but you need to invest in ideas. Otherwise these systems will be parched of good content. It is important for a filmmaker to keep himself lean and thin. A studio executive unfortunately only understands a Shah Rukh Khan. He does not understand the value of an idea. I would argue that studios are victims of hype. An independent filmmaker, though, has to pay off any debts incurred. He cannot hide behind abstractions.”

    Bedi said that indepdents are better incubators of ideas. “In the West studios do not incubate ideas as it is too expensive. An independent filmmaker approaches a studio with an idea. The studio then works that idea to a maturity level where one is able to confidently approach exhibitors.”

    Aditya says that Sahara One has had success as it concentrates on its strengths of marketing and distribution. “We have made 14 films as projects. There have been start dates and finish dates. We have also spent quite a bit on marketing. We have worked in different genres. We picked up Page Three when nobody wanted to touch that film. At the same time, it is difficult to know which idea will work. We get 70 ideas a week. Of course, each presenter of the idea is confident in it. Once an idea is given the go ahead, we do not interfere with the creative process other than keeping a check on how the work is progressing. The writer is given freedom.”

  • Frames debates the merits of the studio versus the independent filmmaker

    MUMBAI: The relationship between studios and independent filmmakers was a subject discussed at an afternoon session of Frames, the convention for the business of entertainment. The speakers were Sahara One CEO Shantonu Aditya, filmmakers Mahesh Bhatt,Govind Nihalani and Bobby Bedi and Adlabs Films chairman Manmohan Shetty.

    Nihalani pointed out that studios and independent filmmakers have their strengths and both parties should look to work with each other. “Artistically released commercially successful films can be made.
    Corporates should realize that creativity is equity. The independents should realize that money is as important as creativity. Studios should know that sometimes small risks pay off big time. That is because audiences like to be surprised.

    “A studio basically operates on calculated budgets and big stars to secure an ROI. Scripts are chosen if a star is attached. This ensures a long run. An independent filmmaker, on the other hand, feels that an idea and a directors treatment of that idea is what creates value. Lavish sets, big stars add value. However, they do not create value. There is a way to bridge the two and both should realize that they need each other.”

    This point was echoed by Shetty who noted that in the West independent filmmakers go the studio route to release their films. In India, there are studios like Yash Raj Films. However, important directors like Karan Johar still call the shots and studios chase them for the rights to distribute their films. “Reliance buying Adlabs means that more films will be made. Fortunately we have not suffered any losses till now.”

    Bhatt spoke on the benefits and challenges of being an independent filmmaker. “Movies that do not have personal supervision of an idea are doomed to fail. One does not only make movies. You need passion and religious fervour. There is talk of delivery systems but you need to invest in ideas. Otherwise these systems will be parched of good content. It is important for a filmmaker to keep himself lean and thin. A studio executive unfortunately only understands a Shah Rukh Khan. He does not understand the value of an idea. I would argue that studios are victims of hype. An independent filmmaker, though, has to pay off any debts incurred. He cannot hide behind abstractions.”

    Bedi said that indepdents are better incubators of ideas. “In the West studios do not incubate ideas as it is too expensive. An independent filmmaker approaches a studio with an idea. The studio then works that idea to a maturity level where one is able to confidently approach exhibitors.”

    Aditya says that Sahara One has had success as it concentrates on its strengths of marketing and distribution. “We have made 14 films as projects. There have been start dates and finish dates. We have also spent quite a bit on marketing. We have worked in different genres. We picked up Page Three when nobody wanted to touch that film. At the same time, it is difficult to know which idea will work. We get 70 ideas a week. Of course, each presenter of the idea is confident in it. Once an idea is given the go ahead, we do not interfere with the creative process other than keeping a check on how the work is progressing. The writer is given freedom.”