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Moving Picture to launch TV channel in Delhi
Our Bureau
Visakhapatnam
,
Feb. 10
MOVING Picture Company is planning to launch a satellite channel in New Delhi shortly and has applied for uplinking.
Ms Uma Gajapathi Raju, Vice-President, said that the channel, to be called Dilli Channel, would focus on political, social and cultural activities in the Capital and Rs 30-35 crore might have to be spent on the project.
"We are into 3-D animation in a big way. Our company produced Panchatantra in 3-D and is in negotiations with Doordarshan, Cartoon Network and others,'' said Mr Ramesh Sharma, President. He added that 3-D animation would take off in South-East Asia. "Globally it is $27-billion industry. We want to focus on it and we would like to take up Indian themes."
He added: "There are several companies in Europe and elsewhere producing animation films on alien themes. Even the western audiences want Indian animation films of quality.''
Mr Sharma said that the company had recently produced two feature films for the international market. A picture on Daniel Pearl, the American journalist killed in Pakistan, was in progress.
"Ours are medium-budget films, each costing Rs 15 crore or so,'' he said.
The company had an equity base of Rs. 8.3 crore and the market capitalisation was of the order of Rs 40 crore.
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