India's leading television and film production company, Balaji Telefilms, has marked its foray into the American Television market by inking an American Television Series production deal with Indus Media. This deal will see Balaji secure rights to the TV series Brown Nation, a satirical comedy based on the lives of Indian Americans.
This will be the first series under the new deal and is being planned for release in early 2015. Balaji has been scouting for collaborations with international players to produce content for various geographies across media platforms and this will be an important step to reach out to a diverse audience. Balaji Telefilms recently roped in media veteran Sameer Nair as the Group CEO to spearhead their expansion strategy and lead the way for the next level of growth by identifying unexplored avenues.
''India is at the centre of global limelight and the timing is right for us to create path breaking entertainment on an international stage. We look forward to this partnership to extend our creative success to newer horizons,'' says Ekta Kapoor, joint managing director, Balaji Telefilms.
''We are extremely pleased to join with Indus in producing this series,'' said Sameer Nair, Group CEO, Balaji Telefilms. ''American sitcoms have influenced urban India and Indian youth across the globe. This will be a good opportunity for us to leverage our creative supremacy to enter a market not sufficiently fed with similar products.''
''We have been looking to enter India with our proposed entertainment fund and this fits in well with our India strategy. We are absolutely delighted to associate with Balaji Telefilms to fuel our growth.'' said Naveen Chathappuram, founding director, Indus Media.
Shares of the company gained Rs 1.05, or 1.55%, to trade at Rs 68.70. The total volume of shares traded was 24,398 at the BSE (10.25 a.m., Friday).