Business Standard: India’s leading industrial group, $17-billion Tata, is entering entertainment industry through a tie-up with Paris-based Thomson group. The joint venture would explore new opportunities in managing and delivering content for third parties, including broadcasters and content providers, aiming to offer leading edge solutions to VSNL‘s media and entertainment customers, a joint media statement said.
Thomson and Tata Indicom, the group’s telecom arm, would develop media and entertainment activities through a strategic agreement with VSNL, it added.
Industry analysts found the announcement significant, coming close on the heels of Reliance Capital’s plan to acquire Adlabs, a leading entertainment player.
Post acquisition of Adlabs, Anil Ambani, chief of Anil Dhirubhai Ambani Enterprises, wants Reliance Infocomm to enter into to digital film distribution in a big way.
Similarly, Thomson and VSNL plan to explore development of end-to-end solutions for network operators, such as optimised satellite transmission as well as content management and distribution solutions like digital cinema.
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