Feb 24th 2011: So, the sale is on: Balaji Telefilms' shareholders have approved the sale of the Internet and Mobile business, and with a 86.71 percent majority. Note that only 177 polls were cast for this resolution, and 150 of them were in favor of the sale, 23 against; the results were declared on February 18th 2011. Details (pdf) Earlier (Jan 17th, 2011): Production company Balaji Telefilms will look to sell three of its business divisions - Internet, Mobile and Education; this move comes a little over three months after its CEO for New Media, Uday Sodhi, left to join recruitment portal HeadHonchos.com as CEO. Internet: Balaji's Internet division recently relaunched its entertainment recruitment portal Hoonur.com as a social network, allowing television aspirants to showcase their talent online, and hunt for jobs. Hoonur competes with similar portals from other production companies: K Sera Sera Productions owns the portal KMediaTalent, while Rajshri Media appears to have recently launched RajshriTalent. As of March 31st 2010, Hoonur claimed to have over 50,000 portfolios, and 300,000 photos, video and audio tracks. Balaji New MEdia also produced an online show Bol Niti Bol, based on LonelyGirl15. Mobile: In FY10, Balaji Telefilms produced over 70 hours of made for mobile audio and video content - Devotional, humor, Mythology, Jokes, and "youth oriented fiction" - for distribution as mobile value added services, with content live with telecom operators MTS, Virgin, Idea, Aricel, Airtel, BSNL (on BSNL 3G as well), Loop and Reliance, as well as VAS companies like Spice,…
