The program has been launched in association with the Essel Group and will be powered by TiE Mumbai, a non-profit global community.
Shareholders of Shop CJ will be issued 25% equity in HomeShop18, making the former a subsidiary of the latter
US-based video streaming platforms and arch rivals Netflix and Amazon have extended their battle to the Indian market, where they have set aside Rs2,000 crore each for acquiring content to attract subscribers. Amazon Prime Video has taken an early edge over Netflix, signing up 9.5 million active subscribers since its… Read more »
Sony’s acquisition of Zee’s TEN Sports marks an overhaul in Zee Entertainment’s overall portfolio as it seeks to focus on its core strength of general entertainment
In a bid to strengthen its presence in India and the Asia Pacific region, popular online streaming service Netflix on Wednesday confirmed the appointment of two Indian executives– Gaurav Pradhan, director of business development for Asia and Swati Shetty, who will be responsible for original content production and acquisition. Pradhan… Read more »
Star India has invested $1 million in Sagacito against 10% equity and another $8.2 million through a so-called build-and-operate model under which it will use the start-up’s tools and services for five years.
The joint venture is the latest move by Vice to bring its youth-focused content to many more territories, mixing local and international news, culture and lifestyle programming to young viewers across online, television and mobile.
The proposed Flipkart-BCCL deal is a so-called private treaty deal. First introduced by BCCL in 2004 to build a large portfolio of holdings, such deals were once controversial, especially because they also involved positive coverage. Under the proposed deal, Flipkart will issue shares to BCCL in return for cash and ads over several years in its media properties such as The Times of India and The Economic Times newspapers and ET Now and Times Now channels.
The deal marks the exit of serial entrepreneur Ronnie Screwvala who was part of the original founding team of Arré which includes B. Saikumar. Enam Group’s past media investments include Zee TV, TV18 and Balaji Telefilms,
Reliance Industries Ltd (RIL) chairman Mukesh Ambani Wednesday described his phone company as the world’s largest start-up, entailing an initial investment of Rs.1.5 trillion ($22.5 billion). The figure is far higher than the around Rs.85,000 crore RIL, in April last year, said it was investing in Reliance Jio Infocomm.