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Amazon says 'Lord of the Rings' prequel sets Prime Video viewership record
The company released the first two episodes of "The Lord of the Rings: The Rings of Power" on its streaming service in more than 240 countries and territories on Friday. Amazon did not say whether the viewers it counted had watched all or part of the first and second episodes.

Sony-Zee $10 billion media play may face changes, delays in India antitrust review
An initial Competition Commission of India (CCI) review has flagged concerns, Reuters reported, arguing the group would have "unparalleled bargaining power" with 92 channels coupled with Sony's $86 billion in global revenues.

Vasudha Gupta assumes charge as DG, AIR News
Gupta holds an MPhil from the Delhi School of Economics and a PhD in Banking and Financial Support Services from the Indian Institute of Technology-Delhi.

Need income tax dept's nod for transfer of shares, says NDTV; Adani group terms it as misconceived
The Adani conglomerate run by India's richest man, Gautam Adani, last week unveiled plans to acquire a majority stake in the news network, seen as bastion of independent media.

NDTV says stake sale to Adani needs nod from tax authorities
The income tax department in 2017 provisionally barred the founders - Prannoy and Radhika Roy - from selling a part of their stake as part of a reassessment of their taxes, NDTV said in an exchange filing late on Wednesday.

ZEE-Sony merger Ė drop in market share to help get CCI approval
The competition watchdog, in its letter dated August 3, is reported to have raised the point that the combined entity will enjoy “unparalleled” bargaining power and can increase the prices of channels as well as earn higher profits.

Sony-Zee merger can hurt competition, scrutiny needed, says CCI
The Competition Commission of India's (CCI) Aug. 3 notice to the two companies stated the watchdog is of the view that a further investigation is merited in the case. Sony and Zee in December decided to merge their television channels, film assets and streaming platforms to create a powerhouse in a key media and entertainment growth market of 1.4 billion people, challenging rivals like Walt Disney Co.

Inox Leisure to add 834 screens after FY23
As of June 30, 2022, Inox has 163 properties with 692 screens and a total seating capacity of 1.55 lakh. In FY22, its revenue from operations was at Rs 677.87 crore as compared to Rs 98.74 crore a year ago when the operation was heavily impacted due to the pandemic.

Adani to launch open offer for NDTV on Oct 17
The open offer for acquiring 1.67 crore equity shares, for which a price of Rs 294 per share has been fixed, will tentatively close on November 1, said an advertisement by JM Financial, which is managing the offer.

Dish TV Chairman Jawahar Goel to vacate office at ensuing AGM
In a regulatory filing Dish TV said:" Jawahar Lal Goel, Chairman and Non-Executive Director, shall vacate his office at the ensuing AGM on account of having expressed his unwillingness to offer himself for reappointment as a Director."

ZEE signs deal with Disney Star to live telecast ICC Menís tournaments on TV
Disney Star, which last week picked up the combined – TV and digital – rights for around $3 billion, will only stream the matches on its digital platform, Disney+Hotstar.

Zee Ent & Disney sign agreement for ICC Men’s tournaments on TV
In a first of its kind partnership, Disney Star has sub licensed the ICC Men's TV rights to rival broadcaster ZEE for an undisclosed amount for four years. Disney Star had bid $3 billion for the combined -- TV and digital rights -- and will only air matches on digital platform, Disney+Hotstar.

NDTV promoter RRPR Holding writes to SEBI on warrant conversion by Adani group company
On August 23, Vishvapradhan Commercial, in a notice to RRPR Holding, intimated that it was exercising its right to convert warrants issued to it in 2009 into equity shares. The conversion of warrants into equity would lead to Vishvapradhan Commercial gaining control of 99.5 percent of RRPR Holding. The SEBI, in its order dated November 27, 2020, had restrained the NDTV founders from buying, selling or otherwise dealing in securities, directly or indirectly, for a period of two years, ending on November 26, 2022.

Adani group open offer: NDTV delays AGM by a week, now on September 27
"The 34th AGM of NDTV is being moved from September 20, 2022, to September 27, 2022 as a result of the processes required after the Notice and Public Announcement of the Open Offer made by VCPL (an indirect subsidiary of Adani Enterprises Ltd) to our public shareholders for acquiring up to 26 per cent of the Voting Share Capital of the Company," said Saturday late night filing.

Disney Star extends run with ICC's India media rights for 4 more years
Broadcaster has won both TV and digital rights till 2027 for men’s, women’s tournaments for estimated $2.8-3 billion.


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