Business Standard: TV18 group is venturing into film production. Network 18, the holding company of the TV18 Group, has launched a new company called Studio 18 for foraying into motion picture business. The company will do acquisition, production, syndication and distribution of full-length feature films. Studio 18, to be based in Mumbai, will have distribution offices in London and New York. The company has also appointed Priti Shahani to head the marketing division. “Studio 18 is a key component in our strategy to transform Network 18 into full-play media conglomeration, with a leadership position in motion pictures, news broadcasting and Internet portals,” Raghav Bahl, MD of TV 18 Group, said.
I think TV18 group is the most ambitious and forward looking among the media businesses in India.
Nikhil adds: Here‘s a disclosure made by TV18 to the BSE. Sandeep Bhargava joins as CEO of Studio 18 from Sahara-One Motion Pictures. Ashoka Holla moves from UTV and will head the International Distribution and Acquisitions division. Chitra Subramanian will head the Production Division.
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