Balaji Telefilms in legal muddle over KSBKBT
Balaji Telefilms has received a notice for termination of sourcing content and telecasting of one of its highly popular weekly serials – ‘Kyunki Saas Bhi Kabhi Bahu Thi’ (KSBKBT) – being aired on Star Plus. The notice comes from SGL Entertainment, a part of the Star Group.
Along with KSBKBT, Balaji is producing five other currently running programs for the Star Group. In addition, the company produces two programs for 9X, one for Zee TV, and is also producing two programs for NDTV Imagine, which will be launched in this quarter.
SGL opines that the termination of the highly rated serial is in breach of contractual obligations owed by the Star Group to the company. It added that it will pursue all legal remedies available to it regarding the issue.
Balaji, a company owned by the ‘queen of daily soaps on Indian TV’ - Ekta Kapoor, in a letter posted on the Bombay Stock Exchange (BSE), has said that the termination of sourcing content and telecasting of KSBKBT will come into effect from November 10, 2008.
As a result of the ongoing proceedings at Balaji, shares of the company declined Rs 10.6, or 9.76%, to trade at Rs 98.00. At around 11 a.m. on Monday, the total volume of shares traded at the BSE was 21,509.