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Media Dreams chalks out growth plans in TV, film and music

28-May-2001
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Media Dreams chalks out growth plans in TV, film and music

Media Dreams Ltd, a wholly-owned subsidiary of Chennai-based Pentamedia Graphics Ltd, has chalked out ambitious growth plans in the film, television and music segments of the entertainment pie. The company plans to notch up sales of Rs 40 crore next fiscal against sales of Rs 14.5 crore and net profit of Rs 2.05 crore for the year ended March 2001.

The company is tapping the opportunities in the television segment. It has got slots in leading satellite channels. On the music front, it is tapping the classical and devotional songs market in Tamil Nadu and Kerala.

The company’s commercial film release, Little John, is doing very well in the cities and performing reasonably well in other cities. The film has been made in Tamil, Hindi and English. The company expects revenues of Rs 2 crore for the Tamil version, Rs 3 crore for the Hindi version and $1.5-2 million (Rs 6.75-9 crore) for the English version. The music rights of the film were sold for Rs 50 lakh.

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