Hindi
Tips open to floating new JV for scaling up movie biz
MUMBAI: Tips Industries is open to the idea of floating a new joint venture company with an investor as partner for scaling up its movie production business.
Tips is also exploring opportunities to enter into joint venture arrangements with different companies on a project basis. The investment will be done by the partner while Tips will focus on its expertise in filmmaking.
“We are not looking at diluting stake to raise money and scale up. The best route is to do joint ventures on a project basis where we get funding from our partners. The other option is to open a new joint venture company and raise money from the partner to scale up the movie production business,” Tips Kumar chairman and managing director Kumar S Taurani tells Indiantelevision.com.
Tips‘ focus will be to make two good movies a year. “We will scale up only if the other routes open up,” adds Taurani.
Prince, Tips‘ latest release, has clocked Rs 200 million gross in the opening weekend. “The movie is getting a good response at the box-office. We plan to release Hari Om, an international movie, this fiscal. We will do one-to-two movies more during the year if we get to distribute them,” avers Taurani.
Tips is likely to end FY‘10 on a revenue of Rs 800-900 million with Ajab Prem Ki Gajab Kahani accounting for Rs 600 million.
The satellite telecast rights of Ajab Prem Ki Gajab Kahani have been syndicated to Colors and Imagine TV. “We are in talks with other broadcasters for syndicating the rights,” says Taurani.
On the music front, Tips will release the repertoire of titles that had stayed idle with it ever since it had acquired music companies like Weston, Time, Oriental and Vatsa years back.
“The bottom line is stabilised because of our music revenues. Digital is far to take off in India. But we get good revenues from radio, public performance and mobile,” says Taurani.
Hindi
Hansa Entertainment launched to produce across OTT, TV and film
New venture from R K Swamy Hansa Group eyes multi-language stories for digital-first audiences.
MUMBAI: Hansa Entertainment has just stepped into the spotlight because when a legacy media house decides to script its next act, even the credits get excited. Hansa Entertainment Private Limited has been incorporated to develop and produce original programming across digital, television, OTT platforms and theatrical features. The company will create short-running series, long-running series and original films for OTT, alongside standout theatrical ventures. It will also launch a podcast platform called Hansa Spotlight and produce content for the fast-growing vertical drama format. Stories are initially planned in Hindi, Tamil, Telugu, Malayalam, Bengali and Kannada.
The venture is founded by Sruti Swamy and Siddharth Swamy, drawing on the rich legacy of Hansa Vision and the broader R K Swamy Hansa Group. Sruti brings creative expertise with a master’s in architecture, interiors and design from Milan and a postgraduate degree in business management from the Indian School of Business. Siddharth contributes a data-driven perspective, having studied data science at Imperial College London.
Sujatha Narayanan has been appointed CEO of Hansa Entertainment. With over two decades of experience in creative content curation and production across film and OTT, she is also a well-known film columnist and media entrepreneur.
R K Swamy Hansa Group executive chairman Srinivasan Swamy said, “The launch of Hansa Entertainment marks an exciting new chapter. The new entity is the brainchild of the next generation and will be independently managed by Sruti Swamy, who is the Director and the newly appointed CEO.”
Hansa Entertainment director Sruti Swamy added, “I am very optimistic about the future of Hansa Entertainment, given the content explosion and the opportunities offered by new technologies for production.”
Hansa Entertainment director Siddharth Swamy noted, “The idea is to grow a contemporary production house that creates compelling stories for today’s multi-platform audiences while drawing inspiration from the rich storytelling traditions that audiences have appreciated over the years.”
Hansa Entertainment CEO Sujatha Narayanan said, “Hansa Entertainment will evolve as a story-first, IP-driven entity. We have already put together a smart team of interesting and dynamic creators who will helm our vertical dramas, shows and films.”
In the ever-evolving world of Indian entertainment, where stories now travel faster than the scripts that birth them, Hansa Entertainment is stepping onto the stage with fresh ink and big ambitions proving that even the best legacies know when it’s time for a compelling sequel.
