English
movie
channels
like
HBO,
Zee
Studios
and
Star
Movies
will
have
stiff
competition
for
out
desi
NDTV.
The
company
which
own
Alliance
Lumiere
(a
subsidiary
of
NDTV
Imagine)
will
launch
a
international
movie
channel.
The
channel
is
eyeing
entering
the
markets
in
the
UK
and
US
too.
The
channel
also
plans
to
distribute
CDs
and
DVDs
for
private
viewing.
NDTV
will
have
a
controlling
51%
stakes
in
the
new
entity
while
Manmohan
Shetty
of
the
Adlabs
Properties
will
hold
29
per
%.
The
rest
20%
will
go
to
producer
Sunil
Doshi.
NDTV
which
is
expanding
its
network
from
just
news
to
entertainment
recently
launched
NDTV
Imagine
in
the
general
entertainment
category.
It
also
plans
to
launch
a
Hindi
movie
channel
in
the
near
future.
Story first published: Wednesday, January 23, 2008, 11:32 [IST]