The full-fledged residential academy will accommodate the country's top 80 emerging cricketers and be equipped with a health centre, gymnasium and restaurants.
The bidding companies have the choice of either bidding individually or as a group.
Star cricketers in the ICL will earn more than BCCI cricketers primarily because of the way the contracts are structured.
Integrated media and entertainment company Eros International is planning to set up an animation studio in India.
There will be three other key sponsors, at least one of these is expected to be announced in five days. There may also be seven associate partners.
Warner Brothers plan to make three-four Hindi movies each year and is eyeing producing mid- and big-budget films across genres.
This follows the industry's dissatisfaction with the current data provider, TAM Media Research, which has allegedly not been able to deliver data on all the 70 million cable and satellite households.
Leveraging the popularity of their cartoon characters, all the top Indian children's channels - Nickelodeon, Cartoon Network and Disney - are getting aggressive in the area of publishing for children as well.
Three leading general entertainment channels - Star India, Zee TV and Sony Entertainment Television - together may lose Rs 11 crore (Rs 110 million) from the underwear ads, which will soon be off air.
Walt Disney finds another platform for its cartoons -- your mobile.
Harry Potter and the Order of the Phoenix, in popular parlance, Harry Potter 5 may not be opening with the same fanfare as the super hit Spiderman 3.
Optical storage maker Moser Baer is extending the price war in the home video market to new titles and films.
With growing viewers TAM Media Research's top 100 TVRs (during June 3 to June 9), both Zee's and Star's show share the 14th position with a rating of 6.4 each, while Sony's show ranks 33 with a rating of 5.3, on June 8.
Chopra is planning to buy single-screen theatres and convert them into multi-screen theatres, depending on their viability.
Media and advertising agency Madison will acquire a majority stake in cricket's "little master" Sunil Gavaskar's sports management company, Professional Management Group.
Even as conflicts between rival brands increase in India, industry experts find the trend encouraging.
Maruti Udyog Ltd surpassed Coca-Cola, Pepsi and Hindustan Lever to emerge as the country's largest sports advertiser on television in 2006.
Television Audience Measurement Media Research, in association with Nielsen Media Research and IMRB International, is set to launch a new division, Radio Audience Measurement to track radio listenership.
With over 700 stations spanning across the country and mobile penetration on the rise, FM players are now reaching out to listeners via the visual radio route too.
The overseas market for Indian films continues to be growing rapidly.
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