Ekta Kapoor, a well-known Indian television producer, film producer, and director, announced her resignation as the organization’s CEO on Instagram.
The stream producer is a division of Balaji Telefilms, founded in 1994 by the streamer’s mother, Shoba Kapoor, and father, Jeetendra Kapoor. Balaji Telefilms is the exclusive producer of television programmes in South Asia.
Dropping the post, she wrote, “Good luck, team #alt !!!!! I will always share ur posts n lend any support needed !!! Let’s welcome the new management.”
The press release read, “Alt Balaji Announces New chief business officer, as Ektaa R Kapoor and Shobha Kapoor step down. Atl Balaji, one of India’s leading digital entertainment platforms, officially announced today that Ektaa R Kapoor and Shobha Kapoor have stepped down from their positions as the head of the company.
“While the process of stepping down started last year, Alt Balaji now has a new tram to take over. The decision is a strategic one to focus on other ventures. The company is pleased to announce that Vivek Koka has been appointed as the new Chief Business Officer of Alt Balaji. Under Mr Koka’s leadership, Alt Balaji aims to follow in its footsteps and continue its strong track record of delivering high-quality, original content to its audience,” read the whole note.
Ektaa R. Kapoor founded the streaming service AltBalaji, which just celebrated its fifth birthday.
Source: Social Media