As U. S. leisure colossal-Walt Disney Co looks for an enlargement in the South Asian nation's fast-growing media industry, the Company announced that they had planned to take full control of India's UTV Software Communications Ltd and further, stated that after the acquisition, they would be delisting the Company (UTV).
The whole issue came into lime light, when on Tuesday, UTV Software accounted that the board had approved 40.6 million tender, which was offered by the Walt Disney Co.
Inox Leisure Ltd has revealed that it has been able to keep its majority control in spite of the recent acquisition of the shares in Fame India. Inox Leisure Ltd is the leading multiplex chain in the country.
Fame India is one of the major competitors of Inox Leisure Ltd. in the country. Earlier, the company had issued its open offer for 8.23 million shares.
Due to a technical hitch, the second edition of Van Heusen India Men's Week was delayed by one-and-a-half hour on Friday.
The show was inaugurated by a well-known designer Narendra Kumar. The show witnessed the delay as a part of the lighting infrastructure fell over the main show area just when the show was about to begin.
The Grand, Vasant Kunj was the place, where the three-day Van Heusen India Men's Fashion Week took place.
Shah Rukh and Kajol’s ‘My Name is Khan’ is set to premier on major Direct To Home (DTH) platforms in the country form 27 May onwards.
My Name is Khan will be available in the Pay Per View offerings from eth service providers with a price of Rs 50 a view. The movie was released in February 2010 and has been successful on the box office. It earned close to Rs
735 million in the country.
Internet giant, Google Inc on Thursday has launched the Google TV service that seeks to combine the features of Television and Web on one platform.
The service will allow users to search programs on the internet and also enable them to watch and record the programmes from cable and satellite channels. The service carries a tagline, 'TV meets Web. Weeb Meets TV'
Chip maker Intel Corp and TV maker Sony Corp have already joined the initiative and said that TV sets with the service will hit the market by the end of this year.
It was seen lately that the Maharashtra government has planned to impose entertainment tax on Indian Premier League matches and One Day Internationals.
It was also seen that the cabinet decision came after the Bombay High Court decided to give notice on Nationalist Congress Party, President Sharad Pawar related to impose taxes on IPL matches.
It was informed that NCP's Sunil Tatkare held the finance portfolio in the alliance government in the state and was accountable for tax proposals.
Zee Entertainment Enterprises has revealed its fourth quarter results. The company's Q4 combined net sales were at Rs 649.29 Crore against Rs 530.93 Crore on quarter-on-quarter basis. Its combined net income was at Rs
128.80 Crore against Rs 146.43 Crore on QoQ basis.
Zee News Ltd. on Wednesday posted an over 68% drop in its consolidated fourth-quarter net income as the Indian television broadcaster dropped its entertainment channels to focus on news operations.
At the Ficci-Frames 2010 summit, UTV Group's Founder Chairman and CEO Ronnie Screwvala presented 10 "game changing" directives, which, he believes, the Media and Entertainment (M&E) industry will have to take up in the upcoming years in order to survive.
He termed mobile, broadcasting, competition, cable, youth, games, consolidation, scale, subservient approach and consumer DNA as the "game changers".
"The fast changing mobile technology will be the key revenue earner as content on the mobile phone is going to be highly monetisable", he said.
Reliance ADA group firm Reliance MediaWorks on Wednesday announced to have conglomerated with Japan's largest lab and post-production company Imagica Corp, in a view to provide film restoration, image processing and other related services in the Japanese market.
It is revealed that the two companies have undergone a MoU, according to which they will extend film restoration, image processing and enhancement and HD (high definition) conversion services to Japanese broadcasters and studios.
Released amidst controversy and threats, My Name Is Khan, starring the country's undisputed King, Shah Rukh Khan, has managed to have the expected spellbinding effect, with King Khan Cast in a "showy" part, and Kajol coming together with him to set the screen on fire with the much talked about chemistry.