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Investor>   Chairman Statement

Dear Shareholders,

I am pleased to welcome you all and have great pleasure in informing you that your Company has posted impressive results.


Mediaone Global Entertainment Limited is South India’s fastest upcoming Media Company headquartered in Chennai. Its wholly-owned subsidiary Mediaone Global Limited is based in London, UK. Your company is primarily engaged in the production of television programmes/feature films for the domestic and International market. Our focus is also into distribution and exhibition of feature films.


Our objective has always been to produce content with very high entertainment quality, with renowned directors and offer the media, the most absorbing software, which will delight our viewers and keep them

 

engrossed for a long time. We are backed by an experienced team of creative and production professionals, who have been associated with the Hindi, Tamil, Telegu and Kannada film and TV industry in various capacities.


International:

Our wholly owned subsidiary Mediaone Global Ltd, UK has been producing commendable films for the international movie market. Apart from the highly acclaimed feature film Provoked starring Aishwarya Rai, your company has also produced the feature film Telling Lies starring Jason Fleming and Melanie Brown (Spice Girls fame) which will be released in the first quarter of 2008.


Regional

The feature Film Dhaam Dhoom starring Jayam Ravi, Kangana Ranout and Lakshmi Rai, directed by late Jeeva and music by Harris Jayaraj is nearing completion in Tamil, and will be ready for release by the end of November 2007.


Television

Visswarupam, Swabhimana, Geethanjali, Kichchu, Krishnapaksham, are our successful Mega serials produced in 2006.

Our creative expertise continues in the field of producing television serials such as Theem Tharekita with S.P.Charan, Kara Saarama a talk with Bhagyaraj, comedy serial kannamoochi, mega serial Bharathi Kannama for various television channels.

Our sincere effort in building the ‘Mediaone’ brand has yielded considerable results. Today the brand is visible and strong among viewers and TV channels. In the coming years, we will also earn a strong customer base, among advertisers and channels.


Distribution

This year your Company has entered into a strategic alliance with Bhagyalakshmi Films, Bangalore. Bhagyalakshmi Films is a part of one of the oldest film distribution company in Karnataka for Hindi films called Mandre Pictures, which started film distribution in 1957. Recent successful films distributed are Namaste London starring Akshay Kumar, Cheeni Kum starring Amitabh Bachchan, Partner starring Salman Khan and Govinda, Heyy! Baby starring Akshay kumar. Om Shanti Om starring Sharukh Khan is scheduled for the upcoming Diwali release.


Exhibition

On the exhibition front, your Company is in process of acquiring a number of theatres in B & C towns in Tamil Nadu and has already purchased a theatre in Kanchipuram. By the financial year ending 2008 the Company has targeted to acquire at least about 40 theatres, thereby being one of the leading Companies in the Industry to offer the Multiplex Concept in B& C towns in the state of Tamil Nadu.

As you can see, our dream of shaping Mediaone into an Assets based Media Company with a comprehensive Production, Distribution and Exhibition house is turning into a reality.


The industry today and tomorrow

The entertainment business in India seems to have moved to an inflexion point. The entire structure of the business is undergoing a fundamental and irreversible process. Big business houses are investing in the entertainment business while existing companies are rising to the challenge by corporatising themselves. What’s more, investement interest from other countries is increasing and even Insurance companies are supporting the change. The entire structure and image of the industry seems to be undergoing a change favorable to innovative thinking.


The future of Mediaone

Through our Zing of Vibrancy and pursuit of excellence, we shall endeavour to tap every opportunity, thereby gaining leadership both domestically and globally.

The revenue and profitability model is quite reasonable keeping in view the present trend in the Industry. Over a period of time, this will improve to a great extent. The outlook of the Media and Entertainment sector is also very encouraging.

I look forward to reporting yet another year of robust growth and achievements by moving beyond conventional boundaries. I shall further share our future plans with you from time to time.

Let me assure you, value creation aimed at benefiting all our esteemed shareholders is a continuous endeavour at Mediaone.



Best wishes,

Suryaraj Kumar

Chairman and Managing Director

 

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