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kulman
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   Posted: 29/Aug/2007 at 8:29am |
Anil Ambani will spend $100m on Bigflicks venture
Anil Ambani-promoted Reliance Entertainment Ltd (REL) has added online distribution of entertainment content to its portfolio. It has launched an internet property (IP) under its Big brand, christened www.Bigflicks.com.
In addition, REL plans to foray into the offline DVD/VCD rental business, launching retail stores using the same brand - Bigflicks.
Reliance Entertainment president Rajesh Sawhney said the rental business will be launched in September this year.
"The first three outlets under the Bigflicks brand will come up in Hyderabad, Pune and Chandigarh. We are looking at 100 outlets by the end of this financial year and 500 stores in three years," Sawhney said.
The revenues, according to Gianchandani, will largely come from the online venture and a considerable proportion from the rental business. The management will primarily look at subscriptions to drive revenues for the rental business.
The management will include TV serials and music videos besides Hollywood and other international movies. Targeting the 25 million-strong NRI segment in the first year of its operations, the markets being catered to include North America, the UK, Canada, Middle East, South East Asia, Europe and Australia and the movie purchases are priced between $4.49 and $19.99.
Source: Dna money
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basant
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Posted: 29/Aug/2007 at 9:08am |
Another of those global copy paste business models. I think bigflix is being modlled around www.netflix.com the US leader in this space.
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smartcat
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Posted: 30/Aug/2007 at 1:29pm |
Netfilx is only an online rental company. Biglficks seems to be modelled after www.blockbuster.com - both retail stores and online presence. Blockbuster is a massive company - around $5 billion in revenues in 2006.
Companies like Bigflicks.com and my favorite www.seventymm.com will kill movie/computer games piracy in India. |
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basant
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Posted: 30/Aug/2007 at 1:44pm |
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Thanks for that correction. How does it kill piracy if you could explain a bit?
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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smartcat
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Posted: 30/Aug/2007 at 3:25pm |
Reason for piracy in India is that original movies and computer games are very expensive (Rs. 500 to Rs. 2000). Everybody heads for 'chor bazaar' or 'burma bazaar' to grab movies/computer games for Rs. 100. But a large percentage of pirated DVDs/CDs are of poor quality (camera print, as they call it). It is worse when you buy "3 movies in 1" DVD.
Movies at seventymm.com cost Rs. 200 per month. You can get 4 DVDs per month (original print, with bonus DVD with specials like "Making of movie", interview with stars etc). If you pay Rs. 600 per month, you get unlimited movies. These are better than friendly neighbourhood shops because of good quality DVDs and availability of the movie that you want.
And you don't have to go to the store. The DVDs are delivered and taken back by courier walas.
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kulman
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Posted: 03/Sep/2007 at 3:04pm |
Avinash Bajaj, the founding managing director of Matrix Partners India, a venture capital firm, which has raised $150 million to invest in the consumer services space in the country. He spoke to DNA Money.
Some excerpts---
When we started, we said we would invest in internet and mobile sectors. We also said we’d invest in other consumer services sectors whether it’s financial services, healthcare or media. If I were to look back, and observe what has happened in the past one year, I think internet and mobile have been disappointing in terms of current opportunities. We still haven’t seen enough of promising, innovative, made-for India kind of start-ups.
I’m not opposed to a me-too model. Bazee was a me-too model, but it was adapted for India. There are not enough of those happening. Of course, we’ve invested in Seventymm (into DVD rentals), which is one of those, and Asklaila (a net and mobile-based information service).
Even mobile VAS companies have hit the peak of their growth. Having said that, I’m very bullish on Internet and mobile sectors over the next 3-5 years. Internet because it’s growing and broadband is increasing; mobile because you need a critical mass of GPRS users in order to come up with the more fancy applications like gaming.
In the non-internet and non-mobile sectors, we’ve been overwhelmed by a number of opportunities. We’ve invested in Yo! China which is into Chinese fast food (we hope to have 200-300 outlets by 2010, as against 20 now); we’ve invested in vJive which is into instore media advertising. We’re still getting a lot of opportunities in these sectors - financial services, healthcare and entertainment.
The way we analyse sectors is by identifying where the secular growth stories are. Within those growth stories, we try to manage our risk. I’ll give you an example. If you look at the airline sector, it’s growing very fast. But worldwide, making money in airline has been very difficult.
Similarly, we are strong believers in retail, but if you look at the amount of investment going into retail over the next five years, it’s $25 billion.
If you look at the revenue potential of organised retail over the next 7-10 years, it’s $15 billion. So there’s a mismatch in the opportunity. We want to take a 4-6 year view. We will not invest in retail per se, but a lot of the things we are investing in ride on that retail growth. So vJive which is an instore digital media network is based on retail growth.
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basant
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Posted: 03/Sep/2007 at 5:16pm |
Internet blogging is supposedly becoming very powerful. This is a nice article on that:
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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kulman
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Posted: 11/Sep/2007 at 5:52pm |
Excerpts from Mint's interview with venture capital firm Norwest Venture Partners' managing partner Promod Haque:
Norwest has invested $300 million (Rs1,218 crore) in 22 cross-border technology companies and five pure Indian companies—Sulekha.com, Yatra.com, Mobile2win, Adventity and Persistent Systems.
is now ready to put the second phase of Norwest’s India game plan into play. It is moving managing director Niren Shah from the Valley to Mumbai, which will be its India headquarters.
We see three or four different kinds of opportunities in India. One is the consumer Internet space in general and includes mobile Internet. Mobile Internet will be bigger here than broadband, PC-based Internet.
The second area of interest is companies that are more in the area of product development, such as Persistent Systems, and KPOs (knowledge process outsourcing).
BPOs (business process outsourcing), we believe, are now commoditized and we’re not interested.
The third area of interest, which we believe is fairly new, is the product area. We believe that product innovation is taking place and will accelerate over a period of time, but is still in its infancy. Those opportunities will predominantly be in the software and mobile space.
The fourth area, where we haven’t done anything yet, is related to infrastructure. This is away from our core sectors, but interesting because of the growth of the economy here.
India opens up some interesting opportunities – healthcare and even healthcare and pharma outsourcing.
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