Summary:

Business Standard: Adlabs Films, owned by Reliance-Anil Dhirubhai Ambani Group, will kickstart its home video segment on its own. It will no…

Business Standard: Adlabs Films, owned by Reliance-Anil Dhirubhai Ambani Group, will kickstart its home video segment on its own. It will not take an inorganic route. Initially, the company was in talks with leading players (like Shemaroo, Excel Home Videos and the Ultra group) in the home video segment for a possible acquisition, but owing to differences in valuation figures the company has decided to venture out on its own.
The company is currently in the process of drawing up plans for the segment debut. Recently, the company raised $100 million through issuance of foreign convertible currency bonds for funding its various expansion projects including the home video segment foray. The other players, who too are eyeing the home entertainment sector, are Sahara One and UTV. The official home video entertainment market size is currently estimated at $45 million.

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