GST authorities issue notice to Gameskraft, seek Rs 21,000 crore
Last year in December, the GST authorities had conducted a search on the premises of the company and attached its property and bank accounts, alleging a tax evasion to the tune of Rs 460 crore.
According to trade analysts, 'Brahmastra', which was released on 5,000 screens in India and over 9,000 screens worldwide, has earned around ₹400 crore in gross box office collections globally and ₹210 crore in net box office collections in India.
National Cinema Day draws over 6.5 million viewers to theatres
The National Cinema Day was to be held on September 16. However, on the request of various stakeholders and in order to maximize participation, it was pushed to September 23. Over 6.5 million people went to the theatres on National Cinema Day.
CCI approves merger of Jio Cinema OTT with Viacom18 Media
In April, Reliance Industries Ltd (RIL) and Viacom18 announced a strategic partnership with Bodhi Tree Systems, where Bodhi Tree will invest Rs 13,500 crore in Viacom18 while Reliance Projects & Property Management Services, a wholly-owned subsidiary of RIL, will invest Rs 1,645 crore in the broadcaster as part of the tripartite partnership, to form one of the largest TV and digital streaming firms in India.
Dish TV Chairman Jawahar Lal Goel resigns from the board
Broadcast satellite service provider Dish TV on Monday announced that its Chairman Jawahar Lal Goel has stepped down from the company's board in what could be seen as a win for top shareholder Yes Bank which was seen pushing for a board overhaul.
Centre issues operational guidelines for DTH services
"The Content of the PS to be exclusive to the platform and is not to be shared directly or indirectly with any other Distribution Platform Operator," the Operational guidelines in respect of 'License Fee', 'Platform Services' and 'Sharing of Infrastructure' for DTH services in India said.
Sony, Zee offer concessions to ease India watchdog worry over merger: Sources
The concessions are a bid to iron out antitrust worries of the Competition Commission of India (CCI), which in an Aug. 3 notice warned the companies of further scrutiny, saying their "humongous market position" would allow them to enjoy "un-paralleled bargaining power" with 92 channels in India's massive media and entertainment market.
Disney unveils content slate at fan event D23
Upcoming titles include ‘Avatar: The Way of Water’, Lucasfilms’ new ‘Indiana Jones’, Marvel’s ‘Thuderbolt’, ‘Loki’ season 2 and ‘The Marvels’ among others.
A blockbuster a month is the hero that Indian movie industry needs to get free of villain’s clutches
"It is very important that every month one blockbuster is there. There are four weeks you would need to fill up in terms of occupancy at least upwards of 25%-30% for a very good number," Abneesh Roy, Executive Director , Edelweiss Securities, told ET Now. Multiplexes need one good movie every month for the industry to do well but that has not been the case in recent months, he added.
Disney+ Hotstar unveils ‘Mahabharata’ at global fan event D23
Gaurav Banerjee, Head - Content, Disney+ Hotstar & HSM Entertainment Network, Disney Star, said that while the Mahabharata was probably first written down some 2000 years ago, it’s a living text that is everywhere in every Indian’s thought and spirit. "It would indeed be a privilege to be able to bring this incredible story to a wider global audience,” Banerjee said.
Ministries differ over regulating OTT platforms
The Cellular Operators Association of India (COAI) has said that OTT apps should be brought under the licensing regime, primarily universal licence, as they offer same set of services.
PVR to seek nod from shareholders, creditors on Oct 11 for merger with INOX
PVR has called a meeting of its shareholders and creditors on October 11 to seek their approval for the scheme of mega merger, pursuant to the order of the National Company Law Tribunal's Mumbai Bench, according to a stock exchange notification. The meeting of the equity shareholders will be held through video conferencing at 11:30 a.m. and the meeting of secured creditors of the company will be held physically at 3:00 p.m.
Will a Brahmastra strike turn Bollywood’s fledgling fortunes around?
Brahmastra will come at a time when Bollywood movies have failed to attract audiences to the screens and movies of top actors with mega budgets have flopped. Brahmastra has clocked the best advance for a Hindi movie since War in 2019. It has also crossed the advance booking of the Hindi version of RRR and Bhool Bhulaiyaa 2, which are now among the top five highest grossing movies in India this year so far.
Media influencers may have to reveal sponsored posts as paid
Influencer marketing is a popular type of social media marketing, where brands engage content creators or social media influencers with a large follower base to endorse their products or services on social media platforms in exchange for money, gifts or services.
ZEE gets nod to hold shareholders' meet on merger with SPN
The Mumbai bench of NCLT, presided by judicial member JV Subba Rao and technical member Anuradha Sanjay Bhatia, in its order directed the management of ZEEL to hold a shareholders meeting on October 14, 2022, for voting on the proposed scheme of merger.