Dish TV appoints 3 independent directors, to convene AGM on Dec 29
During the AGM, Dish TV would seek approval of shareholders for the appointments of three new independent directors - Sunil Kumar Gupta, Madan Mohanlal Verma and Gaurav Gupta.
According to a media release issued on behalf of Eros Media World, the agreement includes the remake of a 2012 Bollywood box office hit, which will go on floors by mid of 2023. The other two films will start production by the end of next year. Abdulelah Alahmary, CEO of Arabia Pictures, said the team is thrilled to collaborate with ErosMedia in bringing captivating and family-orientated stories to the MENA (Middle East and North Africa) region.
Common Service Centre to open 500 cinema halls by March 2023
As per a memorandum of understanding (MoU) between CSC and October Cinemas, the aim is to open 1 lakh cinema halls in rural areas, each with a seating capacity of up to 200 people.
PVR plans big South India push this year amid rapid mall development
PVR is set to launch its first super luxury cinema format PVR Director’s Cut in South India in Bengaluru on December 9, chairman Ajay Bijli said. With this launch, the multiplex chain will have 88 screens in 12 properties in Bengaluru and 316 screens across 51 properties in South India.
I&B Ministry issues norms for channels run by cable companies
There weren't any specific guidelines previously for the operation of PS channels, which include unregistered local cable channels offered by MSOs and also those owned and operated by direct-to-home (DTH) platforms.While the rules for MSO-owned PS channels were issued on Wednesday, the ministry had in September announced operational guidelines for the channels operated by DTH platforms.
Sandeep Kapoor's Algo Legal withdraws defamation suits against Sequoia, others
Kapoor filed the defamation lawsuit in a Bengaluru court after reports said that Algo Legal made some companies in Sequoia's portfolio pay higher fees to it by threatening them with investigations by the Income Tax Department, the Enforcement Directorate (ED) and with cases related to violations of the Foreign Exchange Management Act (FEMA).
How Conversational Commerce is Changing Customer Experiences (ET Catalyse: Unicorn Diaries - Ep. 2)
Bollywood blockbusters, Hollywood hits expected to lure Indians back to cinemas
The buoyant outlooks come after an extended downturn for the industry, which has struggled to revive itself after the Covid curbs in India and lockdowns that hammered revenue and permanently shut many theaters. INOX and PVR recorded bigger-than-expected losses in the last quarter and occupancy rates were less than 25% across both chains.
NDTV says Prannoy, Radhika Roy resigned as directors of promoter group
NDTV had said on Monday an entity backed by the founders had issued shares of the company to a unit of Adani Group, taking the billionaire Gautam Adani-led conglomerate a step closer to control of the media firm. The transfer of shares will give Adani control over a 29.18% stake in the news group. Adani is also conducting an open offer running between Nov. 22 and Dec. 5 for a 26% stake in NDTV.
'Australian law can help digital news publishers secure a fair deal'
Australia passed the News Media and Digital Platforms Mandatory Bargaining Code in 2021 which made it easier for media companies to negotiate contracts with tech platforms. The legislation is intended to encourage internet giants to pay regional news publishers for the content that appears on their platforms.
Bringing OTT players under license regime to present existential threat to startup ecosystem: IAMAI
Internet and Mobile Association of India (IAMAI) said that by regulating carriage and content separately, India has enabled the growth of both OTT service providers as well as traditional telecommunication service providers, which is reflected in the digital economy generating over USD 200 billion of economic value each year.
Centre may shelve proposal for registration of digital media under PRB Act: Official
The Information and Broadcasting Ministry had proposed to include registration of digital media as part of amendments to the Press and Registration of Books (PRB) Act, 1867, but is likely to shelve it after it received comments against the move.
Takeover of NDTV a 'responsibility', says India's richest man Gautam Adani
The ports-to-energy conglomerate run by Adani, Asia's richest person, unveiled plans late in August to acquire a majority stake in NDTV, seen as a bastion of independent media.
Impresario plans to clock over ?1,000 cr in revenue in 3 years
Impresario has more than 60 outlets across 17 cities, with the Social and Smoke House Deli count standing at 35 and 11 outlets, respectively. "This year itself we're looking to add about 12 new outposts and enter Dehradun with both Social and Smoke House Deli," said Bhatt. "For Impresario as a whole, Social and Smoke House Deli, our two marquee brands, will be leading the charge in terms of business growth and geographic expansion." Bhatt was earlier the business head of Social.
Big Bang Media, New Horizons alliance set to merge
Film director Madhu Mantena's Big Bang Media Ventures (BBMVPL) and former Deutsche Bank CEO Ravneet Gill's e-sports and learning startup New Horizons Alliance have announced a merger to create a new-age entertainment and learning media company.