Yet, we have sought permission for launching 20 channels. We hope to have at least four channels up and running by the end of this year. Hindi and regional movies and music channels are our priority. General entertainment space is crowded, yet we see an opportunity for a differentiated quality product. Sports and news are also interesting areas but we have not firmed up any plans yet.
Twenty channels for starters seems like an audacious attempt. Do you see space for so many channels in a market already so crowded?
The problem is the industry is quite scattered right now. There are no players with a pan-India presence and a brand that transcends the entire media and entertainment space. Reliance Big Entertainment is seeking to occupy that space with its films, broadcast, new media and other allied businesses.
Any plans to enter the print space? There was a buzz that Anil Ambani had evinced interest in Mid Dayand now, seems to have set his eyes on The Telegraph?
Buzz and big companies go hand in hand. As far as I know, there is nothing on the drawing board as of now. Also, print is a different ball game.
The George Soros episode was largely seen as an exercise to get a hefty valuation and then, go for a big bang listing. Any such plans on the anvil?
Nothing in the immediate future.
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