Sony Pictures Television (SPT) has raised its stake in Multi Screen Media (MSM) to 94 per cent, by buying out the stake of Indian promoters for $271 million. It is in talks to secure full control of MSM by acquiring private equity firm Capital International's six per cent stake. SPT president of Worldwide Networks, Andrew (Andy) Kaplan, in an interview with Gaurav Laghate, talks on the company's plans for India.
You have raised your stake in MSM. What changes would MSM see in structure? What would you focus on?
We hope to own MSM completely by end of this year. But there won't be any change, as we were operating partners since long. Yes, life becomes much easier. We see India as a separate unit. It is a very welcoming market.
Now, we are seeing lots of opportunities. Obviously, we have to pursue these more aggressively. We are trying to grow our sports channel business. It is a tough challenge, as sports rights are expensive. We will also focus on regional expansion.
You were in talks with MAA TV Network for regional expansion. Before that, you had carried out due diligence for Enadu Network as well. Isn't it late for a regional entry?
We are in talks with MAA TV. It's a complicated process. Once done, we would have strong presence in the Telugu market.