clear clear clear clear clear
clear
Movies
   Scoops & News

Sajid Nadiadwala's 100 crore plan!

April 26, 2008 3:41:00 PM IST
Bollywood Trade News Network
Send to Friend

Sajid NadiadwalaSajid Nadiadwala for Nadiadwala Grandson Entertainment today has announced that in a strategic move that his company has agreed to acquire a 50% stake in a high profile television channel. Channel name has been withheld because an official announcement is soon to follow. The investment is based on an enterprise value of 100 crore.

This is a great strategic move for NGE that reinstates the leading production house's corporate branding and business sense. .

On the acquisition, Mr. Nadiadwala, director Nadiadwala Grandson Entertainment said, "This acquisition is an important step from our company towards consolidation in the TV industry. We are confident that this will add immense value to the company and also strengthen our company profile. We have other expansion plans which we will announce shortly."

Considering that there are these winds of change in Bollywood where filmmaking is taking on new business heights, Nadiadwala Grandson adds a feather to their already studded cap even as the company continues making feel good cinema.

Says Sajid, "Nadiadwala Grandson has remained rock steady because of its single most desire to ENTERTAIN with clean family Entertainment. The banner has always made universal film with total dedication and creativity at the highest level. We have created success stories in romantic comedy genre. But saying that our new mantra would be that no consumer, no market, no opportunity, no genre is beyond reach. Today its television, tomorrow it could be new media. The sky is the limit."


 
 

 More on Glamsham


- Ajay Devgn leaves BAADHSHAHO shoot & why - News
- Akshay Kumar gives thumbs to Hrithik Roshan's KAABIL! - News
- Ashutosh Gowariker at KAABIL screening; puts rumours of rift with Hrithik to rest - News
- Bappi Da's Punjabi tadka for RUNNINGSHAADI.COM will lift your mood instantly! - News
- COMMANDO 2 trailer: Vidyut Jammwal's fights back black money - News
- IRADA trailer: Naseeruddin Shah & Arshad Warsi bring back ISHQIYA chemistry - News
- Jackie Chan promotes KUNG FU YOGA on The Kapil Sharma Show - News
- Jackie Chan: Salman & Aamir are best action stars in Bollywood - News
- Kung Fu meets Yoga: Jackie Chan & Shilpa Shetty perform martial arts - News
- Meet Salman Khan's lil co-star Matin Rey Tangu - News
- Mustafa and Kiara Advani speed up their love in MACHINE teaser! - News
- Obsession or lucky charm... Hrithik Roshan's new pair of shoes? - News
- OMG! Ranbir Kapoor to replace Amitabh Bachchan as KBC host? - News
- Priyanka contradicts her statement on 'male stars need guts to try for Hollywood' - News
- RED HOT Kangana Ranaut steals the show at Jackie Chan's party - News

   News Archives


   Comments

A Fifth Quarter Infomedia Pvt. Ltd. site.