Sony Pictures plans to retail VCDs and DVDs through Reliance Retail
16 Oct 2007
The company had set up special counters at the Reliance Mart in Ahmedabad recently, and it now wants to secure space at Reliance''s other formats such as Reliance Digital and the speciality stores for books, music and movies.
Sony
is looking at special schemes and tie-ups with Reliance Retail, with a view to
capitalise on the rapid rollout the retail chain is implementing across the country.
These sores give Sony Pictures Home Entertainment (SPHE) an opportunity to piggy-back
and magnify its own presence in India, through Reliance Retail''s format. SPHE, the Rs80-crore
home entertainment arm of Sony Pictures, has decided to slash prices of its dubbed
in vernacular language VCDs by 60 per cent, from Rs199 to Rs69. Aiming
to cash in on the festive season, Sony Pictures has released its international
blockbuster Spiderman 3 in Hindi and Tamil VCDs at this attractive price. It has
around 110 dubbed titles, which the company intends to re-price in the range of
Rs69. At these
revised prices, and riding the Reliance Retail rollout in smaller towns and cities,
SPHE expects VCD sales to contribute up to 40 per cent of its total sales, and
plans to notch up its dubbed titles to 400 this year. India
is primarily a VCD-driven market, and pricing is key to success and growth of
the category, which is mainly vernacular-based. SPHE will also start localised
offerings, with the launch of Bollywood films Saawariya, along with its exhaustive
Hollywood titles sourced from the company''s studios. SPHE
is also bringing the Blue-ray Disc technology to India, and is reportedly pricing
the discs at Rs1,800.
