Raj Television Network Ltd has informed the BSE that as part of its potential external growth strategy, it has ventured into movie distribution. The company has acquired the exclusive distribution rights of upcoming Tamil movie ‘Kutty’ for some specific areas in Tamil Nadu, starring one of the top line Tamil star, Dhanus. The movie is expected to be released shortly and Raj Television is hopeful of getting better revenue from such distribution.
The company has been producing movies from time to time, and some of its upcoming movies are in the post-production stage and are awaiting release.
With the Indian movie industry gradually coming out of the slowdown phase, more movies are being produced and released in the country within a short span of time. Thus, the company feels that it can manage to recover its investment within a few weeks of the movies’ release. Also, there is substantial scope to grow further as the Tamil movie market is expanding both geographically and economically across the world.