Sun TV with an estimated investment of Rs 150 crore was expected to launch Sun Marathi by end of the calendar year 2019. The company’s management had indicated that the launch of Sun Marathi might get delayed, according to Daily Post.“Because we all had our view of the Indian economy booming and firing on all cylinders, so we are treading with caution now and for the time being, it’s put on hold,” Sun TV Network Group CFO SL Narayanan told analysts during Q1 earnings conference call when queried about the delay in Sun Marathi launch.Sun TV Network president & MD R Mahesh Kumar had stated that the investment in Sun Marathi is approximately Rs 50-60 crore. The company plans to spend about Rs 300-325 crore on movie acquisition. Sun acquires almost 60% of movies that are released across Southern markets. “Yes, I think we still continue to buy a good amount of movies. More than 60% or more of the movies released across the southern markets are purchased by us”. he avers.
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Tags: Bollywood, Bollywood News, Bollywood Updates, Television, Telly News, Sun Tv Network, Sun Marathi