I am posting an article from Hindu Business Line which sums it all:

We are re-initiating coverage on Adlabs Films with a `buy' on the stock. With strong financial backing from its promoter, the Anil Dhirubhai Ambani group (ADAG), Adlabs has the makings of a media conglomerate. It is making the transition from being a company focused on film processing and a budding interest in film exhibition to one that is involved in everything from production and distribution of films to multiplexes.

Scope for growth

Forays into providing television content, animation and home videos provide the company scope for broadening the revenue profile. ADAG's aggressive entry into the media space, which includes plans in the Direct-to-Home (DTH) and cable network spaces, is likely to provide an impetus to Adlabs' own growth plans. The de-merger of the radio business will free up Adlabs' balance sheet from the heavy investments in this space, besides unlocking value for the shareholders, who will get to hold a direct stake in the radio business.

Over the next two years, revenue and earnings growth is likely to be driven by rapid expansion of multiplexes. The stock now trades at about 30 times its annualised FY-07 earnings, on a fully expanded equity base (post conversion of foreign debt). This is at a discount to peers, such as PVR and Inox Leisure. 

The commercial risks of the new segments such as production and theatre exhibition are, however, higher than that in film processing(where Adlabs has a stronghold), asthe revenue stream is more dependent on the box office success of films. Earnings could, as a result, display a lumpy pattern. This makes it an investment option for those with an appetite for risk. However, as film processing is likely to continue to be a source of steady cash flow, the company remains a less risky alternative to pure-film or pure-exhibition plays in the sector. Exposures can be considered from a two-year perspective.

Good show in Q2

Adlabs turned in a spectacular performance in the second quarter and also in the first half. Revenues more than doubled, and profits expanded three-fold in the September quarter.

There was a massive expansion in operating margins from 46 per cent to about 60 per cent. It has been a blockbuster year for the Indian film industry. A series of box office hits buoyed revenues of its exhibition business, which witnessed a rapid addition of properties over the past year. Revenues from the segment expanded three-fold. Adlabs is investing heavily in building multiplexes in metros and the smaller cities and towns. It expects to have more than 100 screens by 2008, thus retaining its size advantage, even as its competitors are putting through heavy expansion plans.

With the onset of the multiplex era, the success of a film is decided in the first couple of weeks of screening. This has increased the demand for more prints.

Hence the continued buoyancy in its processing business, which, till FY-06, contributed more than 60 per cent of the revenues.

Changing revenue mix

With the scaling up of the multiplex business, however,Adlabs' revenue mix has undergone a change. Revenues from the exhibition segment accounted for a third of revenues in the first half of the fiscal, while the share of processing fell to about 30 per cent. Production, content and distribution accounted for the remaining third, where Adlabs is a recent entrant.

Adlabs has set up offices in the UK and the US for overseas distribution . Overseas markets now contribute at least 10 per cent to a film's revenues, and offer better margins to distributors. Adlabs also has plans to expand its distribution presence in the domestic market.

Umrao Jaan and Jaan-e-man mark its entry into the domestic distribution market. The initial response to these films at the box office has been lacklustre. But the heavily marketed Umrao Jaan appears to have had a warmer reception overseas . The distribution segment is likely to act as a captive source of content once the exhibition business assumes scale.

Adlabs is also stepping up funding of films through co-production deals with reputed filmmakers such as Mr Ram Gopal Varma and Mr Prakash Jha. Its investments in production are not expected to exceed 15 per cent of its networth and will be spread over four to five films at least. Upcoming productions include Sarkar 2 and the Amitabh Bachchan-starrer Nishabd. It recently entered into a deal with Mr Ashok Amritraj's Hyde Park Entertainment — this marks its foray into Hollywood productions. While these are high-growth businesses, they expose the company to box office performances to a greater degree.

With multiplexes likely to lead revenue growth over the next couple of years, these risks are higher. Moreover, given the scale of expansion across multiplex-operators, there can be overcrowding in some pockets, and this can affect occupancy rates and therefore, profitability. Adlabs might be able to reduce some of these risks through the sale of satellite TV rights and the proposed entry into the home video segment.

Other ventures

The company is also trying to diversify into television content. It recently acquired a majority stake in Mr Siddharth Basu's Synergy Communications, the creators of the famous Kaun Banega Crorepati, and the popular reality-dance, Jhalak Dhikla Jha.

Given the significant resources at its disposal, Adlabs is likely to make forays into other segments as well.

It is likely to snap up some of the small fish in the business, which could fast-track growth across segments.  

 

Basantji - Has demerger ratio been finalized?

One humble request... before putting your analysis on the forum pls send all the boarders a private email . 

 

Due to the effect of your analysis and coincidence and the current market trend and  the popularity of TED amongst fans , this one has gone up almost by 5 %  !!!(and I cdnt add it at lower price though I dont consider it as most imp criteria,would have prefered so !!)

 

 

 

HTMT and Zee suffer from poor management problems. Otherwise they are as good as any other media company to play the media (CAS/DTH) boom. The problem is that after the spin off all the entities become fairly valued and hence the potential for immediate gains become minimized. Adlabs is a good stock to hold for the moment but in case the spin off adds value as we envisage it could become fairly valued again.

 

 

It is all co-incodental. Just that we are able toi write it before the stock is to move up rather then the other way around.

 

Anil Ambani is planning to make an entry into the broadcasting business, the final piece in the media chain where he had so far stayed out.

On his radar is the launch of an entertainment business channel through Adlabs Films, the listed company where he acquired a majority stake in mid-2005.

Reliance DTH foray is coming from Reliance energy. I can't fathom what Anil Ambani is upto? Why reliance energy?

 

Has anybody seen Adlabs result in detail? There is a big component of 21 cr in OI which is unexplained while on expenses side there is 40 cr charge for amortisation.. any idea where are these 2 numbers coming from?? The results/investor pres etc do not talk about these details..

ADLABS BS runs a risk of Rs. 62 Crores

 

Adlabs Films Ltd has informed BSE that in the limited review report of the company for the quarter ended September 30, 2006, the auditors of the company have made the following observations:

"1. In respect of account receivables and loans and advances as at September 30, 2006 aggregating Rs 3,443 lacs and Rs 2,059 lacs respectively, details of ageing analysis relating to these account balances are not available with the Company and no provision, if any required, has been assessed and made by the management. Accordingly we are not unable to comment on the carrying values of the account receivables and loans and advances as at September 30, 2006.

2. The Company has considered the favourable exchange fluctuation arising on restatement of foreign currency convertible bonds amounting to Rs 874 lacs as premium as construed under section 78 of the Companies Act, 1956. Consequently the same has been adjusted in the securities premium account.

Alternate view could be that the exchange fluctuation on restatement of bonds, a monetary liability, is to be recognised in profit and loss account. If this view were to be adopted profits for the quarter ended September 30, 2006 would be understated by Rs 874 lacs.

We are informed by the Companys management that the matter stated herein above will be referred for expert view in the following quarter."

 

How can these people do this? These guys are running a listed company and they have no records for such a huge balance.

 

Balance Sheet Engineering is an art... some companies do it successfully. It is not exactly bad to business, for Reliance like cos may do it to minimise tax outgo.

Adlabs has plans for expansion in TV content.Does aggressive TV planning include a channel in the future? "A channel is not important for creation of content" says Pooja.

Today,Adlabs is mostly involved in financing movies through its tie-up with well-known directors.Something it plans to do is acquiring 100% IPR by executing the project themselves. "Look at the Disney model.Even after years,their movies are still paying, sometimes more than it ever did in the times of their release," adds Shetty.

 

Source: ET

Anil Ambani is scripting a new story for Telugu cinema. The ADAG-backed http://www.moneycontrol.com/india/stockpricequote/mediaentertainment/adlabsfilms/18/59/pricechartquote/marketprice/AF27 - Adlabs is investing over Rs 300 crore in buying and leasing movie theatres in Andhra Pradesh to boost Adlabs' distribution, reports CNBC-TV18. 

 

The humble neighbourhood cinema hall in Andhra Pradesh will never be the same again. Adlabs has bought or leased more than 200 small theatres in AP and transformed them into Adlabs cinema halls. Adlabs has invested a crore of rupees in each renovation.

 

They are going to develop this as a multiplex, with food court and AC to attract people, which we are not able to do now" says TP Anatham, Manager, Sri Saraswathi Theater. 

 

Besides, each cinema hall will have the latest digital cinema technology. Adlabs has begun work on halls in Guntur, Thenali, Vizag and Vijayanagararam and its multiplex in Hyderabad will be up and running in the next few months.

< ="http://202.87.40.52/promos/sponsor_news.js">

Sources say the company plans to build a film studio in Hyderabad and produce Telugu films. At Rs 250 crore a year the Telugu film industry is India's largest regional film industry and last year it produced more movies than even Bollywood did. No wonder Anil Ambani wants a piece of the action.

 

----------------------------------------

 

 

The company also plans to launch FM services at Mysore, Mangalore, Thiruvananthapuram and Pondicherry around the same time

 

“We are currently in the process of analysing the need gaps of these cities, and we should be freezing on the programming content by early April. We plan to launch our Vizag station by mid-May and in Tirupati by April-end this year,” Ashwin Padmanabhan, station head, Hyderabad, told Business Standard.

 

“We are also in the process of recruiting RJs and other technical staff for these stations, 20 in Vizag and 10 to 15 in Tirupati,” he added

Adlabs, which has earmarked around Rs 400 crore for its FM radio initiative, currently runs 13 FM stations across the country. It plans to take this number to 18 by this month-end

 

"By the end of June 2007, all the 45 stations will be up and running, including those in Mysore, Mangalore, Pondicherry and Thiruvananthapuram, making Big FM the largest FM radio company in the country," Padmanabhan said.

 

According to him, leveraging the extensive expertise of its sales team – Big Connect, Adlabs had forged a sales alliance with Century Communications, which emerged as a major player by bagging licences for eight cities – Mangalore, Gulbarga, Rajahmundry, Trichy, Kannur, Tuticorin, Tirunelveli and Warangal.

 

 

http://www.financialexpress.com/fe_full_story.php?content_id=159728 - http://www.financialexpress.com/fe_full_story.php?content_id=159728

 

 

http://www.hindu.com/thehindu/holnus/009200704011121.htm - http://www.hindu.com/thehindu/holnus/009200704011121.htm

http://www.moneycontrol.com/mccode/news/searchresult.php?search_str=BIG%2092.7%20FM&datesel=2 - BIG 92.7 FM , the Radio initiative from http://www.moneycontrol.com/india/stockpricequote/mediaentertainment/adlabsfilms/19/30/pricechartquote/marketprice/AF27 - Adlabs Films Ltd ., today, announced the latest edition to its kitty, with the launch of its Station in Bareilly. The launch of BIG 92.7 FM in the city marks the launch of its 14^th station of the network.

 

In the first phase of its launches, BIG 92.7 FM set up Stations in the cities of Delhi, Hyderabad, Chennai, Kolkata, Bangalore, Mumbai, Jammu, Srinagar, Aligarh, Jhansi, Chandigarh, Bikaner & Hissar. The second phase of launches will take BIG 92.7 FM to several mini-metros, taking the total count of Stations to 45 and making it the BIGGEST FM network in the country!

 

With the endeavor to create high aspiration and excitement, BIG 92.7 FM has taken aboard several well-known personalities and has created an exciting programming mix that ensures relevant and credible information to their listeners. BIG 92.7 FM promises not only to entertain but to inform and empower the listener with utilities that one may take for granted. The Station has designed utilities such as traffic and weather updates along with time checks and health tips to help optimize the listener’s time management and health. Another important programme offering of the Station is the “Acknowledgement of local Heroes in Society”. BIG 92.7 FM aims to honor the deserving common man who works relentlessly and voluntarily for the betterment of society.

 

Key shows are hosted by personalities like, Vrajesh Hirjee in Mumbai, Rajeshwari Sachdev in Delhi, Rakesh & Pragya in Kolkata, C K Chandru and Dayanand in Bangalore, Mamathi Chari, Dheena & Balaji in Chennai, Krish & Jhansi in Hyderabad and Sachin in Chandigarh. These celebrities will interact with the listeners in their language; as they share their emotions, on a daily basis, adding to the aspirational appeal of the station. In addition to this, we also have a unique spiritual show hosted by Shweta Tiwari.

 

To ensure the highest aspirational appeal and connect, with its listeners, BIG 92.7 FM has signed on none other than Abhishek Bachchan as the Brand Ambassador.

 

Big 92.7 FM is already creating waves in the metros of Delhi, Hyderabad, Chennai, Kolkata, Bangalore, Mumbai and in the cities of Jammu, Srinagar, Aligarh, Jhansi, Bikaner, Chandigarh & Hissar and is all set to entertain the city of Bareilly.

 

Commenting on the station’s entry into Bareilly, Tarun Katial, COO, BIG 92.7 FM, said “We have been receiving very encouraging responses from all the cities that we have launched in this far. We are very excited about launching in the city of Bareilly and it we want the tunes of BIG 92.7 FM to echo across the length and the breadth of the country. The programming mix of the Station has been put together after much research and understanding of our listeners requirements. It is our aim to create content that is relevant, credible and has an aspirational value to the listeners. We are completely geared and are eagerly looking forward to entertaining the city of Bareilly. We are sure the city will welcome us with open arms and will enjoy the programmes on our Station.” Tarun Katial added.

 

With an aim to touch 200 million listeners, which is every fifth Indian across the country; every third urban Indian and every eighth Indian in rural areas, BIG 92.7 FM is on its way to grab the pulse of the Indian populace.

With all its offerings put together, BIG 92.7 FM promises lesser clutter and richer reach by offering a super combination of wider coverage and better frequency.

Adlabs Films' FM initiative, BIG 92.7, has tied up with Future Group for radio play out in its retail outlets.

As per the tie-up, Future Group's Big Bazaar outlets in cities such as Delhi (4 stores), Mumbai (5 stores), Kolkata (2 stores), Bangalore (4 stores) and two Food Bazaar outlets in Mumbai and Delhi will air the live feed of BIG 92.7 FM.

While the 15 Big Bazaar stores register a cumulative footfall of 27 lakh a month on an average, the footfall in the two Food Bazaar outlets average around a lakh a month.

Through this initiative, we would be able to make lakhs of people, who visit these outlets, sample our station. We are also working on entering into similar tie-ups with the company to play out our station at its Chennai outlets," said Mr Anand Chakravarthy, National Marketing Head, BIG 92.7 FM.

BIG FM has also installed `fixed-frequency' radio sets in autorickshaws in major cities. (HBL)

 

 

 

Anil Ambani-owned Adlabs Films is mulling foraying into music by launching its own music label so that it can control the revenue stream generated through music rights. Adlabs is expected to leverage Reliance’s broadband and telecom value-added services infrastructure for the same.

When contacted Adlabs Films chairman Manmohan Shetty told ET that the proposal is being considered though nothing has been finalised. “Music has the potential of being the content for platforms like cell phone and the internet. Ringtones and music downloads from the net are becoming very popular.”

However, industry sources believe that the company may soon recruit a CEO to head ADAG’s music division. Also, Adlabs is keen on synergising its majority stakeholder’s presence in telecom and broadband for better control of music rights especially when it has signed multi-crore movie deals.

Adlabs Films is also keen on expanding in the regional movies space. “We have decided to launch at least two Telgu movies and two Tamil movies per year,” said Mr Shetty. The regional movies biz is expected to contribute about 10% to the company’s topline.

From 2008 onwards Adlabs would not only produce but also direct its own movies. The company recently entered into a co-production deal with Viacom’s MTV Networks for making youth oriented movies.

As far as the company’s exhibition business is concerned, Adlabs Cinemas is introducing the 6D cinema theatre experience. The exhibition chain in collaboration with Cinema Park Entertainment is building the first 6 D theatre in Agra, which is likely to be launched by the year end. These theatres would target tourist destinations and the content aired would concentrate on showcasing Indian culture

 

 

Even though industry estimates claim a 50 per cent per cent growth in radio listenership this year, Adlabs' Big FM is exploring other revenue earning options to push growth.

 

According to Pitch-Madison AdOutlook 2007, the ad market for radio is estimated to grow to Rs 428 crore in 2007 as radio builds on its 70 per cent national penetration level. This is a healthy growth from the 2006 figures of Rs 285 crore.

 

Big FM is expecting to register a turnover of close to Rs 150 crore by June this year. It also expects the turnover to double over the years, on the back of newer regional penetration, tailor-made shows for target regions, as well as introduction of newer revenue earning channels.

 

 

http://www.businessstandard.com/common/storypage.php?autono=280323&leftnm=8&subLeft=0&chkFlg= - http://www.businessstandard.com/common/storypage.php?autono=280323&leftnm=8&subLeft=0&chkFlg=

 

 

 

 

No, no record date for the spin off of the radio business been decided yet.

http://www.hyderabadi.in/?p=1003 - Big 92.7 FM leading FM in Hyderabad

http://www.big927fm.com/"> Big 92.7 FM has emerged as the leading FM Station in Hyderabad according to a recent survey conducted by Indica Research Consumer Insights Pvt. Ltd. As the leader in the FM segment, BIG 92.7 FM, which launched in November 2006, has received an overwhelming response from the citizens of Hyderabad.

 

http://www.hyderabadi.in/?m=20070406 - www.hyderabadi.in/?m=20070406

http://www.big927fm.com/pdf/pan.pdf - http://www.big927fm.com/pdf/pan.pdf

 

 

Over the next three years invest around US$180 million

 - 40% in film exhibition

 - 15% in film processing and infrastructure creation for production services

 - 20% in content production and distribution

 - Earmark 25% for new initiatives

 

-Equity infusion of US$ 56 million

-FCCBs of US$ 102 million

-Internal accruals

 

By March09 they intend to have 315 screens

 

-Value pick in terms of cost per license: Rs 3 crore per license

-In the process of being demerged from Adlabs Films.

-FCCBs of US$ 102 million

______________________________________________________

 

That is a problem with Anil AMbani he is always eager to raise equity. I do not know why he does not like working on debt. Also raising equity is not an issue as many companies keep diluting it but if that is repeatedly done without any increase in RoE then it would hurt.

 

 

Adlabs has chosen not to seal the Rs 35-crore deal with Hrithik Roshan and the Rs 15-crore deal with Akshay Kumar. As Manmohan Shetty, CEO, Adlabs points out: “Stars have face-value but that is not the only thing that makes a film work. At a time when you don’t know how viable a particular star will be a year later, the film deal concept is unwise.”

 

 

 

http://www.financialexpress.com/fe_full_story.php?content_id=161194 - http://www.financialexpress.com/fe_full_story.php?content_id=161194

Here's an excerpt http://www.business-standard.com/general/storypage.php?&autono=281247 - from BS article .

 

 

 

 

SHOW ME THE MONEY
Rs crore	Revenue		Net Profit		EPS (Rs)		PE(x)
	FY08E	FY09E	FY08E	FY09E	FY08E	FY09E	FY08E	FY09E
Adlabs Films	365.30	413.00	73.10	82.60	18.40	20.80	23.50	20.70
Cinemax	182.00	206.00	32.60	37.10	11.60	13.20	11.00	9.70
Inox Leisure	185.80	209.90	30.30	34.20	5.10	5.70	23.00	20.60
PVR	195.00	220.40	13.70	15.40	5.40	6.00	32.50	29.30
Pyramid Saimira	131.10	157.30	12.50	15.30	4.40	5.40	68.80	56.00
Shringar Cinema	69.30	78.30	11.40	12.90	3.60	4.00	14.80	13.30

 

 

FRESH BLITZ
	Multiplexes	Current Screens	Seats	Projected in next 5 years
PVR	17	67	16,578	208
Inox Leisure	11	41	12,299	165
Cinemax	9	29	8,260	141
Shringar	7	30	9,051	168
Adlabs	7	26	9,146	225
Source: FICCI-PwC Report: Frames 2007

 

 

 

 

 

 

Masterpieces of world cinema that were mostly confined to DVD viewing or film festival screenings in India can now be seen at Metro Adlabs every week starting 13 April with City of God.

 

The Olive Collection includes over 1000 film titles from 20 countries that have cumulatively won over 3000 awards at international forums like BAFTA, Cannes, Pusan, Berlin, Venice and Toronto amongst others.

 

Starting 13 April 2007, Adlabs Cinemas will have two evening shows daily in Metro Adlabs. Similar shows will be there in Gold Adlabs, Pune

 

http://www.businessofcinema.com/?file=story&id=3072 - http://www.businessofcinema.com/?file=story&id=3072

 

It would be interesting to know what the ticket prices are for these screenings.

Praveen Nischol, producer - director of the 1996 Shah Rukh Khan starrer English Babu Desi Mem, is currently holding the reins of Adlabs' film production department as its chief executive officer.

 

In your view, how has Adlabs' film production division shaped up since its inception?
It has shaped up very well. Adlabs started off by producing a few small budget films and now we are churning out several big films. We have increased the scale and quantity of films. Compared to two films in 2006, we will have 10 to 15 film releases in 2007.

So, Adlabs' film production is doing well and is profitable as well. Even if a particular film may have not done well at the box office, Adlabs is doing all right. Earlier, we did have a couple of flops, but we have been secured due to the 'pre-Friday' policy I follow, wherein I make my money before Friday. As long as we follow this policy, we are safe business wise.

 

Can you elaborate on the 'Pre-Friday' policy?
In the 'Pre-Friday' policy, we work on minimum guarantee in the distribution system, as per which we do pre-sales. In pre-sales, if your homework is done correctly, then you will know exactly what the estimation of your sales is. If it's correct and your budget is less than that, then you are plus. So whether or not your film does well at the box office, you are at par if you can control your budget versus recovery.

 

In the 'Pre-Friday' policy, there are losers as well, though. Distributors can lose money but distributors have their own working system wherein they distribute 10 films a year. They win some and lose some, but at the end of the year, they have to be profitable and that is what matters to them.

 

At Adlabs, I mostly follow the 'Pre-Friday' policy unless there are some exceptions - wherein we have a good new script and we have a gut feeling that the film will do well like, for example, Harman Baweja in Love Story 2050, which we will work out on a Post Friday policy, by taking the movie to the audience and waiting for recovery from them.

 

Has Adlabs signed film deals only with directors or will these also be extended to actors in the future?
They might get extended to actors, but so far nothing has happened on that front. Right now, we have signed co-production deals with directors. But for Adlabs' home production department, we may sign deals with actors as well.

 

What is the short term and long term vision of Adlabs in the film production space?
We are doing very well in Bollywood. We have touched the regional and international film markets. Growth in all these areas in what we are going to focus on. We want to emerge successful in regional and international markets. Home productions too will start releasing soon.

 

Source: BusinessofCinema

 

Rinkuji - Do we have any dates or share ratios finalized for this spinoff?

 

 

source Indiantelevision.com

Type	UnAudited	UnAudited	UnAudited	UnAudited	Audited
Date Begin	01 Jan 07	01 Oct 06	01 Jul 06	01 Apr 06	01 Jan 06
Date End	31 Mar 07	31 Dec 06	30 Sep 06	30 Jun 06	31 Mar 06
Description	Value(Rs. million)
Net Sales	861.08	769.09	500.84	510.59	343.33
Other Income	101.9	219.72	95.12	84.26	42.87
Total Income	962.98	988.81	595.97	594.85	386.2
Expenditure	-453.95	-302.78	-286.45	-395.22	-260.16
Operating Profit	509.03	686.03	309.51	199.63	126.05
Interest	-16.51	-10.13	-2.62	-2.14	-0.26
Gross Profit	492.53	675.9	306.89	197.49	125.79
Depreciation	-350.87	-434.16	-91.47	-19.08	-16.09
Profit before Tax	141.66	241.74	215.43	178.41	109.69
Tax	-15.54	-22.1	-10.78	-57.79	-28.96
Profit after Tax	126.12	219.65	204.64	120.62	80.73
Net Profit	126.12	219.65	204.64	120.62	80.73
Equity Capital	199	199	199	199	199
EPS	3.17	5.52	5.14	3.03	2.03
Nos. of Shares - Non Promoters	17945750	17945750	17945750	17945750	39800750
Percent of Shares - Non Promoters	45.09	45.09	45.09	45.09	45.09

 Source: BSE

 

Q4 Results does not seem impressive.

Why has depreciation shot up in the last 2 quarters ?

 

1) Management has extended the financial year upto June 07

2) Management claims to launch all radio stations by June 07

 

So June 07 is crucial date around which demerger date should be, I hope.

  let me get you some facts now...related to adlabd in hyderabad

 

1.BIG FM is doing very well in Hyderabad with very good audience response...also its leading all charts here in Hyderabad...hyderabad radio waves have increased from 1 station(AIR) to 5 now and more thats a 500% growth in 1 year (1.5 year to be precise) and for adlabs to lead is good...

2.Telugu Film industry as many of you may not know produces some of the most costliest films in the country.stars like chiranjeevi,nagarjuna,mahesh get a renumeration of 5-10 crores!!!!!!

isn't that high...so telugu film industry is the place to be for Ambani.

because when you compare hindi film industry it is largely diversified where as telugu industry brings the ability to concentrate on less regional area...

3.ADLABS gonna launch a multiplex in Ameerpet area (one of the busiest area in HYD.i wonder what will happen to traffic after adlabs opens).The number of multiplexes in hyd is far low when compared to other ciies like delhi,mubai,banglore...so adlabs will surely get the audiences...

 

 

will get to down points soon...!!!may be tommorow..

 

and basant jee what about reliance communcications which is planning dth and iptv ..i know you dont like large cap companies but still