Television

Indus Media Entertainment to enter film and TV production in India

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2014/07/12/ime.jpg?itok=jMWYSl_0

MUMBAI: The film and television industry in the country is all set to get fresh infusion of funds from Singapore’s Indus Media and Entertainment (IME) in the form of a venture capital (VC) fund worth Rs 75 crore. IME is looking at raising capital to invest in Hollywood films, south Indian films and producing TV content, with Rs 300 crore as the target and 75 per cent (Rs 225 crore) of it being invested in Hollywood. “Hollywood has a more structured work environment. There is a completion bond as to when will the film be completed as well as the exact amount of expenditure. So it makes sense to enter Hollywood,” says IME co-founder Naveen Chathappuram. 

IME founding director Devarajan Venkat is of the view that India cannot be ignored. “South Indian films, Tamil and Malayalam, are our first targets and eventually after we make some profit, we will explore the Telugu market as well. Initially we will work with small budgets before moving to larger projects,” he says. Venkat adds that unlike other film producers and private equity funds, IME is here to look at opportunities that make commercial sense rather than pick projects driven by creative compulsion.

Soft commitments worth Rs 90 crore have already been obtained from investors based mainly in the Middle East. Venkat is aware that people are apprehensive of VC funds, especially because this is the first off shore fund in India. Investors are being promised returns of 18 to 20 per cent. 

IME’s other focus is TV production on a global scale. “The American sitcom market is booming in India, especially amongst the teenage audience. We are looking at creating original concepts that could be adapted into every language,” adds Venkat. IME aims to be genre agnostic but it knows that drama, reality and sitcom are the types that work here informs Venkat. Again, the aim is not on creativity but on commercial viability, he further informs. His own experience of 20 years in finance with the Reliance Group and Balaji Telefilms will ensure that only financially viable projects would be undertaken.

Shows that will be created will be in English but with Indian sensibilities and Indian actors. Venkat believes that just as Indians can connect with American shows with American sensibilities, shows with Indian sensibilities will be gobbled up across the world, especially by the non-resident Indians as well as by Indians themselves. One such show Brown Nation is already under production.

“The objective is dual- to reach out to Indians across the world and also target the niche in India. We don’t want an India exclusive product,” he adds. The show costs are in the rage of approximately Rs 60 lakh per episode or USD 1 lakh. The fact that IME is a global fund will ensure that revenues come from across the globe as only Indian revenues may not be able to sustain the costs.

The fund is expected to launch by September 2014 with nearly 20 investors from across the globe and fund deployment will begin by this year end. Venkat believes that TV is not a business where one could incur loss since IME is looking at creating shows and then selling them. But IME’s focus is higher on films because of the glamour factor.

IME’s offices are currently located in Singapore, Chicago and Chennai with an extension being made to Mumbai shortly. The fund will be based out of Mauritius. On the board of directors are Venkat, Chathappuram, Charles Leslie, Ramu Veerappan, T Jeyananth and PAR Subramaniam.

Projects currently being worked upon are Night of the Living Dead which will see actor R Madhavan enter Hollywood and a Malayali movie featuring Fahad Fazil.

Other existing domestic VC funds are Third Eye Cinema Fund and soon to launch Bend It Media Fund.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/28/nba.jpg?itok=nBXV1nWR
NBA, Times Studio partner to promote basketball

Times Studio, a digital video content company of Times Group and The National Basketball Association (NBA) today announced a partnership to deliver game highlights and produce original programming for fans in India through Times Internet Limited (TIL) platforms that reach more than 45 million...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/28/zee.jpg?itok=7yS4jsn5
Zee Entertainment Honoured with 16 Awards at PromaxBDA India

Zee Entertainment Enterprises Ltd. (ZEEL), a worldwide media brand made a clean sweep of 16 prestigious awards for excellent work in the media marketing arena at the PromaxBDA Awards announced yesterday.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/28/bhatt.jpg?itok=QsExMcky
Star Plus unveils new look, Alia Bhatt as brand campaign face

MUMBAI: Star India is continuing to glitter, what with a successful IPL season just concluding. And just as the IPL finale was underway, it unveiled a new look for its lead general entertainment channel Star Plus. Not only does it have a new red logo but it also has a new tagline - Rishta wahi,...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/28/Raj-TV.jpg?itok=Pq9WPU2i
Raj TV aims to climb ratings chart with 5 new primetime shows

MUMBAI: Tamil general entertainment channel (GEC) Raj TV has given the channel a makeover by introducing five new shows in its primetime starting today, 28 May. The five new fiction shows will air between 7 pm to 9.30 pm starting with Kadal Kadanthu Udhyogam followed by Gangadharanai Kanoam at 7....

Television TV Channels Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/26/ipl.jpg?itok=Kx126Oo_
Arnab Goswami to lead IPL finale debate on Star Sports

MUMBAI: Prior to the IPL finale, viewers will witness an interesting debate led by Republic World co-founder, MD and editor-in-chief and TV most prolific face Arnab Goswami. The theme of the debate is who will win the world’s toughest finals? The show will see cricket experts led by team Dean...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/25/mnx.jpg?itok=b--2gVnf
MNX launches Super League chatbot

No one can ignore India’s crazy love for cricket, including English movie channels. MNX, the new age Hollywood channel for young India launched the very innovative MNX Super League chatbot, an interactive avatar of its TV show ‘MNX Super League’ on Facebook.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/25/porus.jpg?itok=cz1OH3uq
Porus reaches 10 Asian countries

MUMBAI: Porus is travelling internationally. The mythological show being aired on Sony Entertainment Television has made its entry in Malaysia, Vietnam, Cambodia, Brunei, Laos and Myanmar through JKN Global Media and in Indonesia with Soraya Intercine Films. Porus is now being watched in 10 Asian...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/25/MUNCH.jpg?itok=Q0kBzHw6
India News Manch - Modi Sarkar Kitni Asardaar? India News Conclave to Analyze Modi Government’s Four Years in Power

India News, known for its direct and unbiased brand of journalism, is all set to host a special conclave Manch – Modi Sarkar, Kitni Asardaar? (How Effective Has the Modi Government Been?) in New Delhi on Friday, May 25, 2018. The day-long event will present a comprehensive overview of the BJP...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/25/rekha.jpg?itok=ExfdDvbS
How relevant is the age old Lakshman Rekha in today’s times; questions &TV with Mitegi Lakshman Rekha!

Ravan’s abduction of Sita highlighted the consequences of crossing the ‘Lakshman Rekha’ for generations. However, with the talks of gender equality, women’s liberation and financial independence, amongst others, being the topic of global discussion, how relevant is this ‘Lakshman Rekha’ in today’s...

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories