Essel Group, led by Subhash Chandra, aims to clear ₹1,500 crore debt by June. Positive talks with JC Flowers ARC ongoing. Assets like Dish TV, Zee Learn may be released upon payment. Seeking buyers for debt settlement ..read more

The media conglomerate is unique as it straddles 5 different businesses - more than any of its global peers present in the country. Its largest vertical is the network operations that beams 19 feeds or channels. The second vertical is the streaming platform, discovery+ , third is the theatrical business that releases, markets and distributes Warner Bros. and Universal Studios movies, while the fourth is the TV distribution and licensing business that licenses shows to OTT players like Jio Cinema. Merchandising or Consumer Products, and Gaming is the smallest but fast growing vertical ..read more

In October 2023, the telecom company sought the competition watchdog’s approval for the transaction that also involved Lion Meadow Investment, an affiliate of Warburg Pincus, acquiring a stake in Bharti Airtel, one of the persons cited above said. The CCI approved the transaction recently ..read more

Over the last few months, YouTube has been populated with videos of creators such as Ranveer Allahbadia (more popularly, BeerBiceps) chatting with senior leaders including S Jaishankar and Nitin Gadkari of the BJP, in addition to opposition leaders like Atishi Marlena and Raghav Chadha of AAP, and Supriya Sule from NCP(SP), among others ..read more

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Paramount Global's recent sale of its 13.01% stake in Viacom18 to Reliance Industries has allowed the company to exit its Indian joint venture with a profitable return on investment. Paramount fully divested from Viacom18 for ₹4,286 crore, while continuing content licensing agreements. The transaction is expected to close by the end of 2024 or early 2025, pending regulatory approval. The merger agreement between RIL, Walt Disney's Star India, and Viacom18 will impact the ownership structure, with RIL and Viacom18 set to hold a majority stake in the proposed merged entity ..read more

Prime members can purchase an annual add-on subscription to MGM+ at a special price of Rs 599 per year. MGM+ offers multi-genre entertainment content including classic movies like Legally Blonde, Hercules, The Prodigy, The Silence of the Lambs, The Girl with the Dragon Tattoo, Robocop, The Vow, Child’s Play, and Death Wish, along with series like Stargate SG-1, Stargate Atlantis, Teen Wolf, and Get Shorty ..read more

Tata Play Binge, an OTT aggregation service, has expanded its offerings by adding Discovery+ to its platform, now boasting over 30 local and global apps. Discovery+ brings a vast library of content spanning 40 genres, including nature, science, history, and reality shows, with popular titles like 90 Day Fiance and Man vs. Wild. Pallavi Puri, Tata Play’s Chief Commercial and Content Officer, emphasized the significance of this collaboration in enriching their content offerings ..read more

Richard Perkett joins Amagi as CPO, driving product strategy. With extensive experience, he aims to enhance customer value and foster growth through a strong product culture, aligning with Amagi's future vision ..read more

"Disney+ Hotstar will stream the T20 World Cup for free on mobile, having achieved tremendous success with the 50-over WC in 2023," said a source close to the development, adding that CTV audiences will have to subscribe to either Rs 299/three months or Rs 499/three months plans to stream the event ..read more