B4U Network’s plans to launch a new pay TV channel, set up a digital streaming technology platform and produce a wide slate of movies have possibly gone sour with joint venture partner Relativity Media reeling under deep financial crisis. The JV, promising to invest $100 million, would have given B4U Network, which is controlled by steel magnate Lakshmi Mittal and London-based industrialist Gokul Binani, a big push in India. While having a stronger business in some of the overseas markets, B4U’s Hindi movie and music channels have been struggling to move up the ladder in the Indian market that is dominated by bigger broadcast networks.
Read more at: http://www.televisionpost.com/television/how-b4us-expansion-plans-can-go-sour-with-relativity-medias-financial-crisis/ | TelevisionPost.com
Read more at: http://www.televisionpost.com/television/how-b4us-expansion-plans-can-go-sour-with-relativity-medias-financial-crisis/ | TelevisionPost.com