TF1 is planning to invest more in fiction. Etienne Mougeotte, vice president of the private television station, told French newspaper Le Monde in an interview that investments in fiction will increase by FF10.3 million ($1.5 million) this year to a total of $330 million.
TF1 programs 104 evenings of French fiction a year. Mougeotte said within the next three or four years, the channel will bring that figure up to 150 evenings.
The group of Indian government ministers met in Delhi last week to thrash out terms for the introduction of direct-to-home satellite services, which are banned.
Last month, Rupert Murdoch met with government officials and showed interest in launching service comprising Star TV channels and Internet access.
Indian Prime Minister Atal Behari Vajpayee is expected to make a decision on the matter by the end of this month.
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Indian film and television production major Sagar Entertainment plans to issue an initial public offering in the Mumbai Stock Exchange to raise $50 million for its projects.
Sagar has produced over 25 Hindi feature films and 2,000 hours of television.
It also has announced a plan to develop a 40-acre film city and production studio complex in Baroda, near Mumbai. The company intends to invest $10 million in the lot.
It is also investing $2.5 million to develop an entertainment portal to Webcast its popular serials.