It’s curtains: Balaji, Star to go separate ways

Corporate Bureau
Posted: Wednesday, Aug 20, 2008 at 0134 hrs IST
Updated: Wednesday, Aug 20, 2008 at 0134 hrs IST

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Mumbai, Aug 19: agreement with Star releases BTL from its various obligations and opens up very exciting opportunities for it. BTL is exploring strategic initiatives in various other segments of the Indian media and entertainment industry. Ambit Corporate Finance acted as the exclusive transaction advisor to BTL for this transaction.

The relationship between Star and BTL, as broadcaster and content provider will not be affected and both parties value and are keen on continuing the same. The content supply agreements between the two for various shows produced by BTL will be modified to remove the restrictions imposed upon BTL relating to exclusivity on certain prime time slots. All the six existing BTL shows currently on-air with Star Plus will continue on terms agreed upon by the two parties....

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