Balaji Telefilms executives said Reliance JioFiber's First Day First Show announcement is a "very positive development" as measures to spread high-speed internet to the masses fits Balaji's strategy. The executives were responding to a question by Pradeep Barsagade of Edelweiss Securities, during the company's Q1FY20 investor call, on how Balaji — being a producer — views the development. The call was attended by Balaji Telefilms' group CFO Sanjay Dwivedi and group CEO and CEO of ALT Digital Nachiket Pantvaidya. On being prodded further, a company executive said "I'm sure there's economics behind it. You should ask somebody at Reliance what that is." He explained that Balaji is "happy to create movie that reach out to maximum number of consumers" although the economics of that decide how our P&L looks, "but from a conceptual angle if it reaches out to 10x the number of subscribers that it does today is a release that is always very, very good". The company executive also contested that maximum monetisation in films comes for theatrical releases and multiplexes, saying was the model 3-4 years ago, and today the there's an "equal contribution on the digital in satellite rights for monetization". Today, studios are getting "increasingly used to getting minimum guarantees or getting one-sale model. If you notice in our earlier opening speech we said our business is secure, because we have presold our digital satellite music as well as domestic theatrical distribution rights. So we are okay as long as it makes economic sense for us."…
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