There seems to be a trend of content production houses selling out. The Reliance Anil Dhirubhai Ambani Group (ADAG) is now eyeing a 51 per cent stake in Miditech, the production house owned by the Delhi-based Alvas, reports The Economic Times. Miditech is believed to be venturing into the broadcast space with reality and lifestyle channels.
Miditech has produced shows such as Indian Idol, Fame Gurukul and MTV Roadies. What Reliance is eyeing is the production house’s experience in reality programming genre.
ADA Group-owned Adlabs had earlier picked up a majority stake in Synergy Communications, the company founded by Siddhartha and Anita Kaul Basu. Star TV group already owns a significant minority stake in Balaji Telefilms. Similarly, ABP bought a stake in Bobby Bedi’s Kaleidoscope Entertainment, a TV and movie production house.
Related:
Reliance ADA Group Eyeing Bangalore Animation Firm
<a href="http://www.contentsutra.com/entry/adlabs-films-to-acquire-majority-stake-in-siddhartha-basus-synergy-communic/" title="Adlabs Films To Acquire Majority Stake In Siddhartha Basu
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