Television broadcaster Raj Television Network Ltd has decided to start a 24-hour Tamil news channel from Nov 14.According to the company's filing to the Bombay Stock Exchange Monday, the news channel has got the approval from the ministry of information and broadcasting.
The only other 24-hour Tamil news channel is Sun News from the Sun Network.
According to industry sources, Jaya TV is also planning to start a 24-hour news channel in January 2008.
Raj Television Network Ltd is also chalking out plans to get into movie production.
The Rs.385.64-million company will start its movie production work next April.
According to M. Ravindran, director, programming and technical, the company plans to sign up leading actors in Tamil movies.'Tamil movies that feature leading actors would cost around Rs.70 million. We can do a business of around Rs.100 million,' said Ravindran.For Raj Television, the purpose of getting into movie production is twofold - broaden its revenue stream and retain the movie rights.
'The general entertainment television channel market is very competitive. It is becoming difficult for television channels to acquire and retain movie telecast rights. In the case of own movies, we need not worry about satellite rights while we'd be happy with the additional revenues,' Ravindran added.
Presently, the Raj Television group owns satellite rights for 2,900 Tamil movies.
Raj Television will later get into producing movies in other South Indian languages.
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