jayanji
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MUMBAI: Sony Pictures Entertainment is interested in buying additional TV networks in India, a report by Variety, a US-based source of entertainment news, said quoting Sony Pictures Entertainment CEO Michael Lynton.
Sony Pictures Entertainment’s India subsidiary Multi Screen Media currently owns 10 channels.
The Variety report said Lynton emphasises that the company would be interested in buying additional TV networks in India or deploying capital in additional production companies outside of the US, but not in growing its film library through major acquisitions.
Referring to Sony Corp’s investor conference late last year, the report said Lynton and Sony Pictures Entertainment co-chairman Amy Pascal, had said at Sony Corp’s investor conference late last year, that the studio was going to pour more resources into its television business as it was cutting back on its movie production.
Sony interested in buying TV networks in India | Indian Television Dot Com
Sony Pictures Entertainment’s India subsidiary Multi Screen Media currently owns 10 channels.
The Variety report said Lynton emphasises that the company would be interested in buying additional TV networks in India or deploying capital in additional production companies outside of the US, but not in growing its film library through major acquisitions.
Referring to Sony Corp’s investor conference late last year, the report said Lynton and Sony Pictures Entertainment co-chairman Amy Pascal, had said at Sony Corp’s investor conference late last year, that the studio was going to pour more resources into its television business as it was cutting back on its movie production.
Sony interested in buying TV networks in India | Indian Television Dot Com