Mumbai – The Board of Reliance Industries Limited (RIL) approved funding of up to Rs 4,000 crore to Independent Media Trust (IMT) on May 29, of which RIL is the sole beneficiary, for acquisition of control in Network 18 Media & Investments Limited (NW18) including its subsidiary TV18 Broadcast Limited (TV18) and the Open Offers to be made consequent to the acquisition. NW18 is the owner of a suite of premier digital internet properties, e-commerce businesses and differentiated … [Read more...] about Reliance Industries to acquire Network18
India
starsports.com breaks digital records
Mumbai — The video streaming of Pepsi IPL 2014 on starsports.com, India’s first multi-sports digital service, shattered many records on digital on May 29, including the highest traffic for a sporting event outside the Super Bowl in the United States. starsports.com On the back of two big playoff matches, Chennai Super Kings vs. Mumbai Indians, and Kings XI Punjab vs. Kolkata Knight Riders, starsports.com hit a new high for a single day attracting 2.8 million … [Read more...] about starsports.com breaks digital records
Cisco enhances TV viewing in India
New Delhi, India – Cisco announced on May 29 that it now reaches more than 40 million digital homes across India with its VideoGuard conditional access (CA) and digital rights management (DRM) solutions. Using the industry estimated average of five people per household, Cisco is now enabling a rich and advanced TV experience for more than 200 million viewers in India, an important milestone that reinforces the company’s leadership at a time when the pay-TV industry is on the … [Read more...] about Cisco enhances TV viewing in India
ZEEL announces the launch of Zindagi in India
Zee Entertainment Enterprises Limited (ZEEL), the television network with 700+ million viewers in 170 countries announced on May 19 the launch of its new channel in India – Zindagi. The launch of Zindagi reinforces the vision of ZEEL’s corporate philosophy ‘Vasudhaiva Kutumbakam – The world is my family’ and aims to unite people in India and across the world with shows produced overseas. Launching on June 23, it is a first ever national launch … [Read more...] about ZEEL announces the launch of Zindagi in India
Relativity enters joint venture with B4U in India
Beverly Hills, California and Mumbai, India – Festival De Cannes – Relativity Media ("Relativity"), a next-generation media company, and B4U, a Bollywood film and television network whose major shareholders include Lakshmi Mittal, Kishore Lulla, and Gokul Binani, announced on May 17 that the companies have formed a new joint venture that will leverage their combined expertise, relationships and resources to create and distribute highly-engaging long and short form entertainment … [Read more...] about Relativity enters joint venture with B4U in India
Zee and STAR discontinue distribution joint venture
Zee Turner and Star Den Media Services (Star Den) have announced their intention to discontinue the distribution of their channels through the three-year old distribution joint venture MediaPro Enterprises India, pursuant to the change in regulation regarding aggregators. TRAI's Telecommunication (Broadcasting and Cable Services) Interconnection (Digital Addressable Cable Television Systems) (Third Amendment) Regulation, 2014 dated February 10, 2014, does not allow aggregators to bundle channels … [Read more...] about Zee and STAR discontinue distribution joint venture
