Hindi
Fame to merge with Inox
MUMBAI: Inox Leisure Ltd is having its own say on how Fame India is going to be run, after brushing aside Reliance ADAG‘s threat to own the multiplex chain.
Fame and its three subsidiaries are going to merge with Inox to create the country‘s largest multiplex chain with 257 screens. Big Cinemas has 252 screens, PVR Ltd 162 screens , Cinemax India 141 screens and Fun Cinemas 73 screens.
The board of Inox will meet on 15 June to consider the merger proposal.
“The board will consider the amalgamation of Fame India Limited with Inox,” said InoxLeisure Ltd CEO Deepak Asher.
The merger of Fame India Limited (a subsidiary of the company) with Inox will also include the existing wholly owned subsidiaries (namely, Fame Motion Pictures Limited, Big Picture Hospitality Services Private Limited and Headstrong Films Private Limited), Inox said in its filing to the BSE on 7 June.
In early 2010, Reliance Capital had launched a hostile bid for a 62.08 per cent stake at Rs 83.40 a share, 63.5 per cent higher than Inox‘s open offer of Rs 51. The promoter group of Fame had offloaded their 43.28 per cent stake to Inox for Rs 66.48 crore in an all-cash deal. Inox further upped its stake in Fame India through an open offer.
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.
