Well to be honest English Movie Channel space is already saturated, infact i see WB , &Flix shutting shop soon. WB is being continued by Turner just to make their bouquet presentable while Zee has deep pockets and they r pouring money into &Flix.
Issue is not that there aren't enough Hollywood or International Films to build up library of various channels but what majority of indian tv audience prefers to consume. Only popular action or kids movies get viewership and rest content finds no value. Also there r hardly 10 or 15 crore people who understand english language in our country and in that too fewer have fluency over it. It's all about market dynamics, just having 3rd largest english speaking market does not make us a mature market. Out of 130 crore this pie is miniscule and niche thus attracts limited advertisers too.
Lastly in our country even rich people are hesitant to spend money on tv budget hence channels like MN+, &Prive, Star Movies Select which ideally should have been more dependent on subscription revenue than ads , they struggle to survive and HBO which took the initiative of launching Premium ultimately was left on losing wicket thus exiting. No need to look west, even a country like Sri Lanka gets access to wide range of HBO channels while in 3rd largest english market HBO flagship channel is lying at bottom