Online Bollywood Movie Firm Plans AIM IPO

bollywoodtv.gifOpus Media, a London-based online movie company which runs Indian movie portsal Bollywood.tv, is planning an IPO on AIM. The $85 million IPO is being planned for early next year.

It has already raised about $2.5 million for the site, and is in the process of raising a further $8.5 million. If the service is successful, Bollywood.tv may be spun off and listed separately from Opus.

Bollywood.tv says it has the internet rights to more than 730 Indian films, though at any one time on its site, I have not seen more than 100 movies. I have been testing out the service for the last two months or so, and like it for the simple fact that these movies are available online for the Indian diaspora. There’re some major UI shortcomings to the service, but those could be overlooked in the early lifecycle of movies online in general, and this service specifically. The streaming-only service uses delivery and optimizing from Edgestream, and it comes out great in full screen mode…almost DVD quality is what it says, though that depends on how good your broadband speed is.

Independent: It is in talks with film companies, sports event organisers and even a rolling news network about putting their content on the web.

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