Ronnie Screwvala returns to media with digital foray, with B Sai Kumar as MD, Ajay Chacko as CEO

21 Jan,2015

By A Correspondent

 

Sai Kumar

Media veteran who promoted the entertainment conglomerate UTV Ronnie Screwvala is making his first major foray in the media after exiting UTV. Along with former Network18 Group CEO B Sai Kumar, he is setting up a digital media company. Based in Mumbai, in its first phase, the venture aims at launching multi-genre, multi-lingual content across video, audio, text and other traditional and ‘new age’ art forms. The investment envisaged is an outlay of up to Rs 150 crore across two phases – while the first phase would be largely domestic-focused, the platform will evaluate new geographies and verticals in its second and subsequent phases.

 

 

Ajay Chacko

The venture with Mr Sai Kumar as Managing Director, has roped in former Network18 COO Ajay Chacko as CEO and is said to have commenced a global search for talent in creative, product and technology functions across entertainment, current affairs & infotainment spaces.

 

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