Malaysia-based Astro Overseas Limited has raised its stake in Turmeric Vision to 55.1 per cent, indicating that it has confidence in the joint venture company’s future prospects. Astro hiked its stake by 5 per cent as it infused fresh capital to fund FoodFood channel’s growth in the fiscal ended 31 March 2014. The company has so far pumped in $30 million.
FoodFood is planning to launch in regional languages. Tamil is the most likely prospect as the size of the market makes it an attractive business proposition. Telugu could be the other language FoodFood could launch in. “Our intent is to launch FoodFood in Tamil first. Telugu is another possibility. We have to decide when we are going to do it. Expanding the reach of the brand is part of our growth strategy,” said Kapoor.
Read more at: http://www.televisionpost.com/television/astro-ups-stake-foodfood-plans-regional-channels/ | TelevisionPost.com
FoodFood is planning to launch in regional languages. Tamil is the most likely prospect as the size of the market makes it an attractive business proposition. Telugu could be the other language FoodFood could launch in. “Our intent is to launch FoodFood in Tamil first. Telugu is another possibility. We have to decide when we are going to do it. Expanding the reach of the brand is part of our growth strategy,” said Kapoor.
Read more at: http://www.televisionpost.com/television/astro-ups-stake-foodfood-plans-regional-channels/ | TelevisionPost.com