Star revenues to grow 15 % this fiscal: MPA
MUMBAI: The Star Group is expected to post a 15 per cent year on year revenue growth at $624 million for FY June 2007
Mumbai: A month after Peter Chernin?s company acquired 49 per cent stake, Endemol India has restructured its operations to keep in line with its growth strategy that will be built on four verticals - Television, Regional, Fims and Digital.
For the television vertical, the company has appointed Abhishek Rege, a senior executive at Viacom18 Media overlooking their business operations for the US, as chief operating officer. Doris Dey has moved from Balaji Telefilms to join as fiction head. She was creative director and also wrote scripts of shows like ?Bade Ache Lagte Hai?, ?Kya Hua Tera Waada?, ?Parichay? and ?Pavitra Rishta?.
"The last one year has been very exciting for Endemol India, with the new concepts being accepted wholeheartedly and the existing formats progressing to their much awaited seasons. As we move into our next phase of growth, it?s critical to have a structure that supports our ambitions and fuels expansion. Going ahead, our core focus will be on the four verticals," says Endemol India CEO Deepak Dhar.
The Endemol operational structure will have teams that will look after regional and films separately. The teams are in place and the company will announce their heads soon.
In the regional segment, Endemol will focus on developing content for regional TV channels.
The company will have both Hindi as well as regional films with Dhar directly overseeing the operations.
"We will soon launch and announce initiatives in the digital and film space," Dhar says.
On the television front, Rege will overlook strategic operations specific to the production of new shows while Dey will be responsible for driving the fiction properties and concepts that will engage and entertain the viewers.
"Abhishek and Doris come with a vast experience and I am convinced that both the professionals will drive our most ambitious phase," avers Dhar.
Endemol, the biggest non-fiction content producer in India, has big plans for fiction as well. "We are looking at producing Indian fiction content for international markets also. Its time for looking at fiction more seriously and we may look at retaining the IP," Dhar tells Indiantelevision.
On the non-fiction front, Endemol India will continue with its current structure. It does not have a head for non-fiction. Instead, the company has group heads for different formats like song & dance, reality and game shows.
The Chernin Group (TCG)?s Asian media investment arm CA Media had picked up 49 per cent stake in Endemol India last month. Incidentally, CA Media?s India head Rajesh Kamat earlier worked as chief executive officer of Endemol India.
Post stake sale, Endemol India?s plan is to grow as a leading producer of television, film and digital content.
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Peter Chernin?s firm starts India innings with 49% stake in Endemol India
MUMBAI: Armed with $200 million capital infusion from Providence-led group of investors, Peter Chernin has made his maiden investments in India.
The Chernin Group (TCG)?s Asian media investment arm CA Media has started its innings in India with the acquisition of stakes in production house Endemol India and a music, live events and youth media company.
CA Media has picked up 49 per cent stake in Endemol India, a company where its chief executive officer Rajesh Kamat worked as India head. Incidentally, this is CA Media?s largest investment in Asia, though no financial details are revealed.
CA Media will help Endemol India grow as a leading producer of television, film and digital content. Endemol will seek to have a strong presence in the Indian film sector while boosting its presence on the television front.
?Endemol is a stable and mature business and is poised to leverage the growth explosion in the Indian content space. Our alliance will ensure that Endemol will achieve growth across screens, demographics and genres,? said Kamat.
Endemol India MD Deepak Dhar will lead the production house as CEO. Said Dhar: ?In CA Media we see a great strategic partner, which will help us in achieving inorganic growth. Our alliance with them will provide us with the expertise, relationships and resources for us to become a major player in Indian film and regional television, whilst further building our leading position in the entertainment space. We?re all extremely excited about this development and look forward to sharing further details of our plans in due course.?
Endemol India was set up in 2006 and has produced hit shows like Fear Factor, Big Boss and Deal or No Deal.
Dhar said that the company will soon restructure to focus on films, events and live events.
CA Media has also picked up an undisclosed minority stake in Only Much Louder (OML). This investment was done along with Zodius, an investor and operator of digital media, commerce and services.
CA Media is looking at OML Entertainment as developing into a youth power activator. Founded in 2002, it currently operates under a large-format music festivals division, a full-fledged production house, a digital wing and an artist management and bookings enterprise.
?OML operates in a category that?s nascent right now, but holds immense potential in time to come. With about 65 per cent of India?s population under 35 years, we are extremely bullish about the value that OML can unlock in this segment,? Kamat said.
Added OML Entertainment founder and CEO Vijay Nair, ?This investment marks a new phase in the evolution of OML where we will be focussing not only on live on-ground properties, but actively looking at amplifying them through television and digital media. CA Media and Zodius are the right partners to guide us and work with us on strategically scaling up OML and build it to its true potential.?
CA Media is eyeing further acquisitions in India. Kamat said that the company will be acquiring stake in media, entertainment, and technology sectors. It will also be investing directly in start-ups to create synergies in the businesses.
The company will initially focus on India, China and Indonesia in Asia. Its plan is to team up with local entrepreneurs, strategic partners, and financing sources to launch new enterprises, enhance the growth of businesses in their formative stages and selectively pursue later-stage transactions.
CA Media was formed in November 2010 by former News Corp president and COO Chernin and former Star head Paul Aiello. Later in April 2011, the company appointed former Colors CEO and Viacom18 COO Kamat as India CEO.
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Chernin Group fattens purse with $200 mn from Providence
MUMBAI: Star World is bringing one of the biggest television shows of the year, Terranova, for Indian audiences.
The sci fi adventure series is premiering in India just 12 days after its US airing, starting 8 October.
The 20th Century Fox Television co-produced series will air every Saturday at 9 pm on Star World.
Positioned as the most expensive production on television, Terranova has been shot across exotic locations in Australia with over 250 sets built for the shoot. The show boasts of breath taking visuals, with the average episode budget of $4 million.
Terranova is jointly produced by 20th Century Fox Television, Chernin Entertainment, DreamWorks Television and Kapital Entertainment. Based on an original idea by British writer terry Marcel, Terranova has a long list of executive producers behind the project- Peter Chernin, Steven Spielberg, Ren Echevarria, Brannon Braga, Aaron Kaplan, Katherine Pope, Justin Falvey, Darryl Frank, Jon Cassar, Craig Silverstein, Kelly Marcel and Alex Graves who is also the director of the series previews.
Star World has devised a two-month marketing plan for the big-ticket show centered on the objective of getting people to sample the visual delight that the show promises to be.
The promotion plan involves breaking the promo on air for the first time during the break of Avatar, the biggest movie of the decade for Star Movies. For off air marketing, it has tied up with Croma, the electronic store, to show the TerraNova promo in all outlets on all screens.
Multiplex partner Big Cinemas has allowed viewers to sample the movie like a trailer during the break of the movie in all theatres, across all screens. Online partner BookmyShow has carried banners on their homepage and for Landmark 3D standees and shelf stickers were created for Dinosaurs addicts to tune in to the show.
Star India general manager and Senior VP, English Channels Saurabh Yagnik said, "We at Star World are delighted to bring the biggest international launch of the year, Terranova on our channel! The scale and magnitude of the show is absolutely unique, placing it in a completely different league than any other show that has previously been seen in India. The biggest proposition for Terranova is that we are launching it only 12 days after its airing in the US. We are therefore sure to get a great response from our viewers who will be sampling the show for the first time on our channel. We are confident that the show will add more viewers to our bouquet and change the way English entertainment is viewed in the country."
Terranova is set in a future when the world is dying from overdevelopment and overcrowding. As a last resort, scientists find a way to go back to prehistoric Earth to try and undo the damage that has been caused. The show revolves around the Shannon family as they join the tenth pilgrimage of settlers to Terranova, the first colony established in a breathtakingly beautiful land.
Terranova has a huge star cast with the main characters being Jim Shannon (Jason O Mara), the devoted father and ex-police officer guides his family through the new world. Jim?s wife Elizabeth Shannon (Shelly Con) is a trauma surgeon and is the latest recruit in Terranova?s medical team. Josh Shannon (Landon Liboiron), his 17-year-old son who isn?t happy leaving his life behind. Maddy Shannon (Naomi Scott) who hopes Terranova will give her a chance to reinvent herself while her five year old sister Zoe (Alana Mansour) endangers their place in the colony.
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