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Mukesh Ambani is the other investor in Mahesh Samat’s Epic TV
MUMBAI:He already has one foot in the media business through his investment in the Network18 group. He and his wife own a successful and prized cricket team. And he has hired former TV executives to acquire and pool TV and filmed content for his 4G services which he hopes to introduce in the not-too-distant future
Now billionaire industrialist Mukesh Ambani has been identified as the second of the investor venture capitalists who are funding former Disney India boss Mahesh Samat’s Epic Television Networks Pvt Ltd. The company has been cobbling together plans to set up a specialty TV channel called Epic TV, which has applied to the government for regulatory clearances for uplinking. The company has yet to get its licence at the time of writing. But newspaper reports suggest that it is looking at an August 2013 launch.
According to media reports based on registrar of company findings, Ambani and Mahindra & Mahindra boss Anand Mahindra each own around 25 per cent in the company with the remainder being with Samat and associates. Ambani’s investment is reportedly being made in his personal capacity and through Reliance Ports & Terminals.
Samat had identified Anand Mahindra as an investor a month or so ago in his venture.
Sources indicate that Samat has a commitment of Rs 175 crore from investors/venture capitalists for the channel, which could increase depending on the requirement.
He has planned Epic TV as a channel , which will have content based on the nation’s history, folklore, and mythology but created in a contemporary format. Samat hopes to cash in the demand that is slated to arise for specialty channels in a digitized India with the increasing spread of digital cable and DTH
Amongst the shows he has commissioned include one based on Indu Sundaresan’s fictional work on Emperor Jehangir’s powerful empress Nur Jahan, and called The Twentieth Wife.
Indian Television Dot Com > News Headlines >Mukesh Ambani is the other investor in Mahesh Samats Epic TV
MUMBAI:He already has one foot in the media business through his investment in the Network18 group. He and his wife own a successful and prized cricket team. And he has hired former TV executives to acquire and pool TV and filmed content for his 4G services which he hopes to introduce in the not-too-distant future
Now billionaire industrialist Mukesh Ambani has been identified as the second of the investor venture capitalists who are funding former Disney India boss Mahesh Samat’s Epic Television Networks Pvt Ltd. The company has been cobbling together plans to set up a specialty TV channel called Epic TV, which has applied to the government for regulatory clearances for uplinking. The company has yet to get its licence at the time of writing. But newspaper reports suggest that it is looking at an August 2013 launch.
According to media reports based on registrar of company findings, Ambani and Mahindra & Mahindra boss Anand Mahindra each own around 25 per cent in the company with the remainder being with Samat and associates. Ambani’s investment is reportedly being made in his personal capacity and through Reliance Ports & Terminals.
Samat had identified Anand Mahindra as an investor a month or so ago in his venture.
Sources indicate that Samat has a commitment of Rs 175 crore from investors/venture capitalists for the channel, which could increase depending on the requirement.
He has planned Epic TV as a channel , which will have content based on the nation’s history, folklore, and mythology but created in a contemporary format. Samat hopes to cash in the demand that is slated to arise for specialty channels in a digitized India with the increasing spread of digital cable and DTH
Amongst the shows he has commissioned include one based on Indu Sundaresan’s fictional work on Emperor Jehangir’s powerful empress Nur Jahan, and called The Twentieth Wife.
Indian Television Dot Com > News Headlines >Mukesh Ambani is the other investor in Mahesh Samats Epic TV
