NDTV has finally announced that it has raised an unspecified amount of money by selling stake in its NDTV Gadgets portal. The investments have been made after valuing the unit at $50 mln (around Rs 325 cr). Interestingly, that amount is close to almost half of the value of the parent firm’s shares — which […]
Putting an end to much speculation, Zee Media Corporation — the news arm of the Zee Group — today announced its intention to enter into English News Broadcasting with the appointment of Rohit Gandhi as Editor-in-Chief – English News Broadcast and Related Content. Zee had been expected to make this announcement for almost a year. […]
Essel Group Middle East (EGME) has acquired the Bada Potash Exploration License, located in Danakil Depression, Eritrea via its subsidiary Interu Mining and Trading. Earlier this year, EGME had also acquired oil reserves in the sub-Saharan region. Essel Group is the promoter of Zee Entertainment, and is headed by Subhash Chandra Goel. The group’s primary […]
UFO Moviez India Limited, India’s largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens, said its Q1 revenue rose by 23.3% to Rs.1,306 million in Q1FY16. PBT for the quarter stood at ₹183 million, up 43.8% compared to Rs.127 million in the corresponding quarter last year. The Company’s PAT […]
NDTV and TV Today said they had received show cause notices from the ministry of information and broadcasting for airing programs on the suitability of the death penalty for Yakub Memon, who was hanged to death last week. “The Company firmly believes that it has not violated any law while covering the said news and […]
Visiting Amritsar’s Golden Temple is considered an auspicious start to anything new. So, with Zee TV’s upcoming primetime show ‘Tashan-e-Ishq’ all set to launch on 10th August, its cast decided it was time to seek blessings of the Lord for its success. “We have been shooting in Punjab as the show is based there. So, […]
Sony India started manufacturing of its BRAVIA television in India under a contract-partnership with Competition Team Technology (India) in Sriperumbudur, Tamil Nadu. To begin with, Sony will start manufacturing two models, both Android TVs in the initial phase. The first shipment commences from today, 4th August 2015. The move is likely to make the TVs […]
Dish TV India Limited (Dishtv) reported a 19.2% increase in first quarter revenue to Rs. 7,367 million (Rs 736.7 cr), and PAT of Rs. 54.2 cr compared to a loss of Rs 15 cr in the previous year. Subscription revenues rose 20.6% to Rs. 6,828 million. EBITDA margin recorded at 32.1% compared to 25.3% in the corresponding quarter […]
Mahindra Holidays & Resorts India Limited reported a 21% increase in its revenue to Rs. 231 Crores for the first quarter, while profit after tax rose 23% to Rs 25 Crores. Total number of new member additions increased 50% during the quarter compared to the same period last year. Total number of members were 186,000. […]
Eleven-year-old author Mallika Sinha has always wanted to write a book, since she was young. She started writing small stories and poems. When she was told that she should try writing a book, she thought of a suitable plot and the result of which is the publication of “Mirror Image” (published by Partridge Singapore). This […]
Mumbai City FC said it has signed attacking midfielder Andre Moritz for the Indian Super League (ISL) Season 2. Mumbai City FC is Mumbai’s franchise in the Hero Indian Super League. Bollywood actor and football enthusiast Ranbir Kapoor and chartered accountant Bimal Parekh together own the team Moritz was arguably the best foreign recruit of […]
The Telecom Regulatory Authority of India has asked all broadcasting companies in India to roll-back the recent hikes that they introduced in their pay channel rates. Pay channel rates had been hiked by around 27% over the past one year after the TRAI allowed such a move to adjust for inflation. However, the move was […]
TV Today Network Ltd said the government of India has allowed the sale of its FM radio stations in in Amritsar, Jodhpur, Patiala and Shimla, but rejected the sale of stations in Delhi, Mumbai and Kolkata. The three applications were rejected as Entertainment Networks India Ltd (ENIL) already has radio licenses in those cities. In […]
TV18 Broadcasting Ltd swung to a first-quarter operating loss as expenses increased and revenue fell. Revenue fell to Rs 596.7 cr from Rs 629.7 cr in the preceding quarter. However, operating expenses rose to 595.9 cr from 555.1 cr in the previous quarter. Revenue from media operations fell to Rs 566.3 cr from 628.9 cr […]
Pantene, one of India’s leading hair care brands, announced Bollywood actress and superstar Anushka Sharma as the face of the new and best ever Pantene. “I love experimenting with my hair! Whether it’s my current wob, or a fringe cut or colouring my hair, but with my busy schedule and hectic lifestyle, my hair is exposed […]
Zee Cinema will use technology from Amagi Media Labs to geo-target advertisements, or show different ads in different areas. “Zee Cinema will now give advertisers targeted access to over 158,600,000 viewers and coverage across 16 markets where Amagi has the capability to deliver geo-targeted content,” Amagi said. The 16 markets are Delhi-NCR, UP, Punjab, Rajasthan, […]
Zee Entertainment Enterprises Ltd agreed to acquire 100% equity stake in Sarthak Entertainment Pvt Ltd which operates ‘Sarthak TV’, the number 1 GEC in Odia language. “The acquisition shall be from current shareholders of Sarthak Entertainment Private Limited, subject to requisite regulatory approvals, as an all-cash deal at a consideration of maximum of Rs. 115 […]
Zee Entertainment Enterprises Limited reported its first quarter fiscal 2016 consolidated revenue of Rs 13,399 million, up from 10,551 mln a year ago. Advertising revenues for the quarter were Rs 7,799 million, recording a growth of 25.4% over Q1 of last year. Excluding sports business which is event led, advertising revenues growth was in mid […]
PVR has opened its 106th Multiplex today at VED Trans Cube Plaza, Vadodara, Gujarat. The theatre complex will support 3D technology with 7.1 audio, and offers a “wide range of food options”. Spread across an area of 49,600 sq ft, the multiplex is equipped with a seating capacity of 1,239 seats, the cinema company said. […]
Sony will ‘air’ its mythological show, ‘Suryaputra Karn’ first on Sony LIV, its app, before airing it on its TV channel, Multi Screen Media said. “Fulfilling its promise of a digital-first approach, MSM is screening the pilot episode of this big-ticket primetime show exclusively on its digital entertainment brand on 29th June, 2015 at 4 […]
