Anand Bazar Patrika (ABP), which owns Indian publications like BusinessWorld, Anand Bazaar Patrical and The Telegraph, has bought a stake in Bobby Bedi promoted film production house Kaleidoscope Entertainment for Rs.20 crore (around $4.3 mil). Kaleidoscope will use the investment for producing content for films, TV, mobiles and the Internet. Pramath Raj Sinha, MD & CEO, ABP as saying that this is just an initial investment, so more may be in the offing. They’re planning to provide health, beauty tips and entertainment content for the mobile, and maybe even news clips.
[via our sister site ContentSutra]
Comments have been disabled for this post