Adlabs in talks to acquire Excel Home Videos

MUMBAI: Anil Ambani plans to foray into the home video segment through the acquisition route. And he is eyeing Mumbai-based Excel Home Videos which has a wide and deep distribution network.

Sources say Adlabs Films, where Ambani acquired majority control last year, is in talks to buy stake in Excel Home Videos. "Adlabs wants at least a majority stake in the company it selects to invest in. The company is to allow the existing management to continue running the operations. It is in talks with Excel Home Video," sources added.

Excel is an upcoming home video company which is mainly into Hollywood films but late last year acquired Vidhu Vinod Chopra's Parineeta to foray into local commercial Hindi content distribution. It has the exclusive home entertainment licensee to Twentieth Century Fox and Buena Vista among other international studios. 

When contacted, Adlabs Films chairman and managing director Manmohan Shetty was not willing to comment on the issue. Excel managing director M N Kapasi also offered no comment. "We are looking at strategic investors but only after we firm up our business plan," he said.

Excel has given the mandate to Yes Bank for formulating the business plan and finding it a suitable strategic investor. "We have high growth plans in the home video sector. We plan to add more pipelines and more special products like Bollywood films and sports videos. We have appointed Yes Bank to give us a business plan and make us understand our size and structure," says Kapasi.

Excel is in the process of acquiring another Hindi film for home video distribution. The company has also recently renewed its licensee contracts for India with Buena Vista and 20th C Fox.

Ultra Group is the other major company which is in the home video segment and has been looking for funds. Sahara One Media and Entertainment and UTV have identified home video as a growing business and plan to make investments into the sector to develop their own labels.

Latest Reads
First Step Entertainment Capital announces ‘Writer’s Lounge’ in Mumbai

Mumbai : A good story is essential to make a film and, hence, writers are critical in the film making process. To consistently create some good stories, writers need a workspace that allows them to sit, think and pen-down their thoughts. The lack of such a space in Mumbai was noticed by Swati...

Television TV Channels People
Bollywood actress Minissha Lamba enters Tenali Rama as Vishkanya

A new twist awaits the fans of Tenali Rama. An assassin is hired by the enemy kingdom of Vijayanagar to harm King Krishna Dev Raya.

Television TV Channels GECs
BTVI announces winners of 'The Auto Show Car India & Bike India Awards 2018'

BTVI - India’s premier English business news channel and Next Gen Publishing presented the iconic ‘The Auto Show Car India & Bike India Awards 2018’. The annual award show was designed to celebrate the excellence and diversity in the auto industry and recognize the indomitable spirit of...

Television TV Channels News Broadcasting
Nickelodeon all set to de-stress kids this exam season

Exams are right around the corner and Nickelodeon, India’s leading kids’ entertainment channel with its exciting new campaign is all set to help kids unwind during these stressful times. The franchise is all set to flag off a high-octane campaign, Nickelodeon ‘MASTI KA TIME TABLE’ and Sonic ‘SHIVA...

Television TV Channels Kids
Rohit Shetty Picturez and Reliance Animation to launch a new animation series - 'Little Singham' with Discovery Communications

India’s most successful super cop franchise, ‘Singham’ directed by Rohit Shetty is all set to go a notch higher with yet another special offering for audiences. Rohit Shetty Picturez, Reliance Animation & Discovery Kids, will be launching a new animation series called ‘Little Singham’ which is...

Television TV Channels Kids
BCCI invites bid for e-auction of 5 year team India rights

The Board of Control for Cricket in India (BCCI) has invited bids for media rights of international and domestic cricket matches in India for a five year period from 1 April 2018 to 31 March 2023. This time, the rights will be decided via an online auction on 27 March which will start at 2 pm.

Television TV Channels Sports
We place a very high premium on fan experience: Turner's Rohit Bhandari

MUMBAI: Competition has brought the best out of the TV channels operating in the English movie genre. With 14 channels vying for the crown, the genre has witnessed a flurry of changes in programming strategy and content aggregation as well as viewer-engagement manoeuvres. In the quest for curating...

Television TV Channels English Entertainment
Should junk food ads be banned on kids' channels?

MUMBAI: Just a few days ago, there were whispers of a possible ban on junk food ads on kids’ channels that were quickly rebutted by information and broadcasting minister Smriti Irani. Though the ministry has clarified that such a stand hasn’t been taken, it would be worthwhile to consider the pros...

Television TV Channels Kids
Star India bags production rights for IPL 2018

Star India, which holds the TV and digital rights of the Indian Premier League, today also won the audio-visual production rights for IPL 2018 as well as the BCCI's domestic circuit for the 2018-19 season. The deal amount has not been revealed.

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories