LONDON — Indian film and entertainment services company Reliance MediaWorks, part of billionaire Anil Ambani’s Reliance conglom, is re-organizing its business in India, the U.S., the U.K. and Malaysia.
The company will run as two arms, separating film and media services from exhibition. Reliance said it had taken the step to “enhance the independent focus on each operating division, and thereby enhance revenues and profitability.” It has notified the Bombay Stock Exchange of the change.
Reliance MediaWorks CEO Anil Arjun has stepped down and will serve as a strategic advisor. Ashok Ganapathy has been appointed chief exec of the exhib business and Venkatesh Roddam will be topper of the film and media services division.
Roddam will relocate to Reliance’s Burbank facility in October with a view to attracting more Hollywood business.