ALTBalaji Hopes to Have 2 million subscribers in FY18
DSIJ Intelligence / 14 Jun 2017
ALTBalaji was launched on April 16, 2017 with five original shows and is adding new shows every month for its viewers to binge watch.
ALTBalaji has 3 million downloads currently and is looking at 30-40 million downloads going forward. Meanwhile, it is also looking at 1.5-2 million subscribers in FY18. According to the company’s management, ALTBalaji has billings from 80 countries other than India.
ALTBalaji was launched on April 16, 2017 with five original shows and is adding new shows every month for its viewers to binge watch.
ALTBalaji will be providing a special introductory offer on their yearly subscription packs to Fibre TV users worldwide and will be jointly marketing the service to the audience.
The share price of Balaji Telefilms increased 2.42% to Rs 152.5 at1427 hours on an intraday basis. The stock price traded at a new 52-week high ofRs 158.75. It has also witnessed a spurt in volume by more than 2.48 times.
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