By A Correspondent
- Sai Kumar
Media veteran who promoted the entertainment conglomerate UTV Ronnie Screwvala is making his first major foray in the media after exiting UTV. Along with former Network18 Group CEO B Sai Kumar, he is setting up a digital media company. Based in Mumbai, in its first phase, the venture aims at launching multi-genre, multi-lingual content across video, audio, text and other traditional and ‘new age’ art forms. The investment envisaged is an outlay of up to Rs 150 crore across two phases – while the first phase would be largely domestic-focused, the platform will evaluate new geographies and verticals in its second and subsequent phases.
- Ajay Chacko
The venture with Mr Sai Kumar as Managing Director, has roped in former Network18 COO Ajay Chacko as CEO and is said to have commenced a global search for talent in creative, product and technology functions across entertainment, current affairs & infotainment spaces.