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MUMBAI: B4U Television Network, which owns and operates a movie and a music channel,
is venturing into the film production and distribution business at a time when
the industry is on a cost-correction course.
As
a major chunk of the film producers have decided to withhold their new releases
on multiplexes, B4U has decided to step in with its maiden distribution product.
Ek Se Bure Do, a small budget film, will find way into the theatres tomorrow
with Filmland Entertainments entering into a commercial arrangement with B4U. Says
B4U Television Network India CFO Vijay Thakkar, "Yes, this is just the stepping
stone.To embark on a big journey, one has to start with a few small steps." Was
the network taking the release of Ek Se Bure Do as a chance to get into
the distribution sector? "To a certain extent yes, but most importantly we
take this as a perfect juncture to diversify our activities," says Thakkar.
B4U
plans to distribute 8-10 Hindi films a year, but the scale up will be done very
cautiously. "We are in plans to expand this business and, for a start, are
currently talking to a couple of filmmakers. If all goes well, we will release
these films in June-July," says Thakkar. B4U
will also get into Hindi film production during the course of the year. "We
have lined up 2-3 movies. We are looking at producing small-budget films. The
plan is to add one more activity into the company. In any case, we have to source
content for our movie channel," says Thakkar. B4U,
which has been low on acquiring movie telecast rights for India, purchased 300
films last year. "Some of the titles included new movies like Victoria
No. 203 and Anamika." B4U
has been struggling with its two channels in India and has made no major investments
to beef up content or distribution in the marketplace. The network's overseas
operations, however, have been on course. |