Media Quick View – UK based Lycia studios announces big partnerships for Hindi/regional films

UK based Luca productions which produced Robot 2.0 – most expensive regional/Hindi film 3 years ago has now announced a partnership with more than 8-10 creative producers and directors including names like Karan Johar, Anand Rai, Dinesh Vijan, Mani Ratnam , Rajkumar Hirani, Sanjay Leela Bhansali and many more; we believe these partnerships will be spread across various models like 1) co production 2) outright purchase of ready films

Impact

We believe this is a very big positive as it will allow flow of large budget content into Hindi and regional film industry; it will also help fill the gap of Fox Star Studios as post the acquisition of Disney , the former has halted its film production arm in india. Good news for the exhibitor industry specially multiplexes as it ensures ample large scale content supply for CY22 and beyond. Continue to believe that studio based model is a big positive and will create a delta in terms of the ambitious projects that can be made. Indian film industry still has a long way to go in terms of potential as only 10% of the revenue for a film on an average is overseas; further, the digital rights premium even after cinematic release will continue to increase for this kind of large scale content made by studios which has a very big universal demand globally.

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“This initiative will empower subscribers to pay online and subscribe to the channels they want to watch and get it activated on their TV sets in real-time without any delay. Without needing to undertake any software development, LMOs can approach Mobiezy for their pre-built and pre-integrated solution that uses NXTDigital’s news APIs and can be up and running with their own mobile apps within just a few days.”

RU Ediriwira, Group CTO, NXTDigital Limited

“With the launch of Partnership for Growth 3.0 we intend to expand our network with 40 new NXTHUBs, each offering up to 650 live TV channels and broadband. Our efforts are focused on harnessing the convergence of technologies, developing robust apps and creating new business models that will help the overall ecosystem, delivering the best experience to our subscribers. We hope to achieve a stronger foothold in the rural regions of the country and grow our subscriber base.”

N.K. Rouse, COO, NXT Digital Ltd

“One of the key principles of the Hinduja Group is ‘Partnership for Growth’. After 2.0 saw the launch of HITS to connect LMOs in even the most remote locations through the only satellite-based cable TV platform in India; 3.0 focuses not just on strengthening the overall ecosystem we have built, but harnessing the convergence of technologies – to be delivered through a national network of NXTHUBs. Video and broadband are only the beginning of the digital highway of services that we have developed for roll-out backed by a robust suite of innovative apps developed by service providers exclusively for our LMOs and subscribers.”

Vynsley Fernandes, MD & CEO, NXTDigital Limited

“Wireline broadband is becoming ever more important not only in connecting homes across the country but also small to large enterprises-to the digital economy. The NXTHUBs will be the perfect point-of-presence to offer broadband services to cater to these consumer needs.”

Yugal Kishore Sharma CEO, ONEOTT Intertainment Limited

Amazing and grim battle for survival. Guess it will end up in Supreme Court. All that NCLT asked Zee to do was to file a reply to Invesco petition for a EGM. Now this is getting too serious. So far Invesco has been hammered for demanding an EGM. What is Zee upto? Ofcourse my lawyer community knows better!

Ashok Mansukhani, Corporate Law and Media Law Advocate at Ashokmansukhani Associates

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