Yash Raj attracts PE interest

Yash Raj Films (YRF) is planning to enter the TV content and broadcast business and is in talks with private equity funds to raise money. A separate company may be created for the TV business.

YRF founder-promoter Yash Chopra has had talks with private equity investor Blackstone, the source adds. Among the other new initiatives, YRF is planning to get into the film exhibition business.

When queried about the TV business, Yash Raj Films chief executive Sanjeev Kohli said: "We are considering an entry into the TV space. We will be firming up our plans in the next few months." He did not rule out a presence in the broadcasting arena, but said no definite plans had been worked out yet.

Source: Indiantelevision.com
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Walt Disney is typing up with the production house of Bollywood showman Yash Chopra (Yashraj Films) to co-produce animated films in Bollywood, as reported by Economic Times.

While the deal is not a joint venture with equity participation, the industry perceives it as the beginning of a relationship that may later culminate in a strategic equity partnership. For Walt Disney, the Indian game plan could be to secure a supply chain so as to make inroads into the local market. Joining hands with an established house would make greater sense in high growth markets.

Amid reports of Yashraj’s tie-up with Disney, rumours are also floating that some private equity players have evinced interest in investing in the production house.