Movies

Adlabs Films finds Synergy in equity deal

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/08/16/Untitled-1_14.jpg?itok=5wBQChgY

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.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/03/31/fukrey.jpg?itok=a5TT3ptX
Zee Cinema's marketing mania for the world tv premiere of 'Fukrey Returns' on 1st April at 8 PM

The Fukra boys Hunny, Choocha, Zafar and Lali get on with their lives after successfully getting Bholi Punjaban arrested. But they are in for a shock when she returns early from prison and tries to seek revenge. The second installment of the Fukrey franchise, Fukrey Returns which earned over 100...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/03/12/eros.jpg?itok=xcrdykee
Eros International's Bajrangi Bhaijaan grosses over Rs.169.17 crores (USD 25.95 million) in first 10 days of release

Eros International Media Ltd, a leading global film company in the Indian film entertainment industry, announced Producer Salman Khan Film’s Bajrangi Bhaijaan has collected over Rs. 160 crores within ten days of its release in China. More than two years since it opened in India, Bajrangi Bhaijaan...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/03/10/FWICE_0.jpg?itok=j36D4TLb
'Federation of Western India Cine Employees' conducts a successful conclave with 22 crafts union’s association

Mumbai: The Federation of Western India Cine Employees (FWICE), the nodal body for all cine employees hosted a formal get-together and benevolence meeting with the leaders of the 22 crafts union’s associations affiliated to it on 7th March 2018 at Pathare Prabhu Hall, Andheri (West), Mumbai.FWICE...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/28/david.jpg?itok=P-rRLRar
New York Film Academy announces expansion in India to keep pace with growth of the indian film industry as well as digital media & entertainment genres

New York Film Academy (NYFA) is one of the leading film schools of the world. It was founded on the philosophy that "learning by doing" combined with best industry practices is more valuable than years of theoretical study for filmmakers and actors. This educational model allows students to...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/27/utv.jpg?itok=ayzcGjNq
UTV action packs in more power for fans

Home to a wide-range of high-octane movies across Hollywood, Bollywood, Asian and Regional cinema, UTV ACTION is the go-to linear channel offering uninterrupted dhamakedar entertainment to film aficionados. Now, the channel is all set to offer 100 plus new, adrenaline-rushing titles to its robust...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/19/padmaavat.jpg?itok=lvNhzj8C
Why Padmaavat in 3D almost didn't happen

​​Fans can’t stop raving about the 3D version of Padmaavat and how it drew them right into the world of Queen Padmavati. However, it is a little known fact that director Sanjay Leela Bhansali had long been considering the idea of releasing his films in 3D. “We wanted to try 3D with Guzaarish and...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/19/suli.jpg?itok=W5NWhzBG
Let Vidya Balan charm you with her simplicity with the world television premiere of 'Tumhari Sulu' on Sony MAX

Sony MAX, the leading Hindi movies channel from Sony Pictures Networks is all set give you a sneak peek into the lives of middle-class suburban Indian households with the world television premiere of ‘Tumhari Sulu’ on 25th February at 12 noon. Vidya Balan and Manav Kaul’s portrayal of Sulochana...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/13/don_0.jpg?itok=AO5yYlBO
Sony MAX2 to air Amitabh Bachchan’s iconic movie 'Don'

MUMBAI: Who can forget the blockbuster songs like ‘Yeh Mera Dil’, ‘Khaike Pan Banaraswala’ and the gripping plot of crime thriller Don? It’s still one of the most loved movie of Amitabh Bachchan fans across the country.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/09/zz.jpg?itok=JaAblB3K
Biopics & sports-based films help popularise sporting culture in India

MUMBAI: “Sattar minute, sattar minute hai tumhare paas ... shayad tumhari zindagi ke sabse khaas sattar minute ... (Seventy minutes, seventy minutes is what you have ... may be the most important seventy minutes of your life..)”.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories