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
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BIG MAGIC to be carried on DTH provider DD Direct+
BIG MAGIC, the flagship general entertainment channel from Reliance Broadcast Network, has announced the inking of a carriage deal with DD Direct+, following its distribution alliance with digital DTH service provider Videocon d2h. The deal expands the channel's reach across Hindi-speaking markets. BIG MAGIC offers an eclectic mix ranging from family dramas, reality shows and cookery shows to game shows, weekend movies and more. Speaking on the occasion, Mr. Sunil Kumaran, Business Head, BIG … [Read more...] about BIG MAGIC to be carried on DTH provider DD Direct+
India’s RCom to exit DTH after merging subsidiary with Sun Direct
According to the Business Standard, Reliance Digital TV, the fully-owned subsidiary of Reliance Communications that runs its direct-to-home (DTH) operations, will merge with Sun Direct. The deal is set to help RCom reduce debt, and for Sun to gain subscribers in new markets.Under the deal, to be announced in a few days, Reliance Communications (RCom) will have 26 percent stake in the merged entity, the report added. The merged company will also take over about Rs 1,500 crore of … [Read more...] about India’s RCom to exit DTH after merging subsidiary with Sun Direct
Reliance collaborates with BIGFLIX to provide premium full length movies
Mumbai, Maharashtra – Reliance Communications Limited, the second largest integrated telecom service provider in India, has announced their partnership with BIGFLIX, a part of Reliance Group's digital entertainment business, to provide premium full length movies to all Reliance 3G subscribers at a price of Rs.30. Reliance subscribers can log on to http://vod.rcom.co.in on Reliance Mobile to access an extensive movie catalogue which will be powered by BIGFLIX. Some popular movies that are … [Read more...] about Reliance collaborates with BIGFLIX to provide premium full length movies
