'We should become an all-encompassing entertainment and information destination," says chairman Subhash Chandra, who monitors the group on a monthly basis, leaving the day-to-day operations to the chief executive officers.
It may be long overdue, but consolidation in the media sector will happen very slowly and painfully.
Reliance ADA group is also planning to develop the railway infrastructure for transporting coal.
The Duff & Phelps report shows that Virat Kohli has increased his brand value by 40 per cent to $237.5 million in 2019 and taken a huge lead with his closest rival, Akshay Kumar, ranked second.
The stage is set for Hollywood Hugh Jackman to make his appearance at the three-day convention on Friday.
It does three things kick-starts big-ticket consolidation, gets another serious industrial house into media and raises a clarion call for an independent (of the government) media regulator.
Tech Mahindra is building 5G use cases with US-based hospitals to help manage devices remotely and eventually manage remote surgeries that will require seamless network connectivity.
Walt Disney Company is keen to capitalise on the subcontinents' burgeoning mobile space to reach new audiences.
F1 is the highest class of single-seater auto racing sanctioned by the Federation Internationale deRs Automobile.
The Hollywood star took dancing lessons from Shah Rukh Khan, chatted with Karan Johar and made Aishwarya Rai blush at FICCI Frames on Friday.
Reliance Big Entertainment (RBE), the flagship media and entertainment arm of the Reliance Anil Dhirubhai Ambani Group, has announced a joint venture with Tom Hanks and Gary Goetzman's Playtone.
This year, healthcare sector will generate 2,48,500 new jobs, hospitality sector 2,18,200 real estate 1,44,700, media and entertainment 1,26,100.
Sources said Vishal Gondal, founder of Indiagames, along with existing investors Cisco and Adobe, are in talks with both private equity consortia and strategic investors to buy back the stake they'd once sold to the parent firm.
Film music flourished in the 1970s. Some old masters did some great work, but it was also the decade of new composers.
Despite the recent slowdown, e-commerce tops the projected average salary hike list
Tata Group had hinted at combining its enterprise business with Tata Communications and its fixed-line and broadband businesses with Tata Sky.
The online messaging company is ramping up hiring to expand its business ahead of the initial public offering.
Reliance ADAG is diversifying its services for stability and investing in Hollywood to reach scale.
Women have played vital roles to make the media and entertainment industry a great success.
Netflix plans local studio in India push. Move comes as rival Amazon Prime Video lines up as many as 18 original shows for India.
Vanita Kohli-Khandekar analyses why the rising tide of conservatism will not help India's ambition to have a world-class media industry.
Summary of sports events and persons who made news on Sunday
"This is expected to be the busiest festive season for e-commerce companies as Indian consumers are likely to spend up to Rs 25,000 crore as against over Rs 20,000 crore spent in the festive season last year," Assocham Secretary General D S Rawat said.
Media and entertainment company UTV Software on Thursday said it would enter into a strategic partnership with Bloomberg for content sourcing and re-branding its business channel UTVi. From October, UTVi would be re-branded as Bloomberg-UTV, while the UTVi website would also be rebranded as bloombergutv.com, UTV said in a statement. This association will give UTVi complete access to the global feed of Bloomberg TV, a global 24-hour business news channel.
The latest Media Partners Asia analysis on India says TV advertising will grow only 6.5 per cent in 2009, as against 15.6 per cent in 2008. However, MPA expects TV advertising to rebound to 8.7 per cent growth in 2010. Of the Rs 20,000 crore-plus advertising industry, television advertising alone accounts for 45-47 per cent. Overall, MPA predicts that advertising growth may drop to 5.4 per cent in 2009, after a 20 per cent-plus growth in 2006 and 2007.
Despite the economic slowdown impacting Bollywood's film business this year, the DAR Capital Group is betting big on the media and entertainment domain.
Nayak, who along with some of his associates held 26 per cent in NDTV Media, will set up a separate media company called AIDEM Ventures Pvt Ltd. NDTV and Nayak have entered into an agreement, under which the media house will buy back the shares of Nayak and his associates in NDTV Media.
The global financial crisis can be turned into a great opportunity for growth in India and China if the two Asian giants join hands to collaborate in five key sectors such as gems and jewellery, says a Ficci-KPMG report.
Media and entertainment company UTV Software Communications has acquired 80 per cent stake in California-based gaming company True Games Interactive. The acquisition has been done through its gaming arm UTV Interactive.
Both advertising growth and investments into the business have been lackadaisical. It, therefore, seems to be a good time to look at the pattern of investments into the M&E industry over the last three years.
The Rs 2,200-crore (Rs 22-billion) STAR India is one of the big employers in broadcasting this year. It has already put in place a new management team and is hiring in large numbers (that it refuses to share), say consultants.
Private equity (PE) investors are now diverting their attention to sectors such as energy, telecom, infrastructure, education, media and entertainment. Reason: these sectors are largely dependent on the domestic market and not foreign countries, especially the US market.
Ronnie Screwvala, the chairman and CEO of UTV Software Communications, opens the door of his plush Breach Candy apartment himself. Once seated in the comfortable surroundings, Screwvala makes no attempt to brush off the fact that the media and entertainment industry in which he operates has been hit by the slowdown.
A company executive said that the Anil Ambani group is still keen on foraying into television broadcasting business. The top-line of broadcasters was shrinking in the December-ended quarter on the back of economic slowdown and the consequent slowdown in advertising revenues, said the latest Ficci & KPMG report.
As the tides of investments change over time, venture capital funds are shifting their focus to businesses related to consumer demand such as education, media and entertainment, food & beverages and alternative energy.
Two Indian engineers, who missed chances twice to buy Google nearly 10 years ago, have now raked in funds for their own site to rival the search engine giant. The Indian duo have received funds worth $20 million from media and entertainment conglomerate Time Warner for their search site -- Kosmix.
Over the years many things changed. There are however three things that haven't changed -- the filmi influence on the event, its tepid content and its time management. If Frames has to move on to the next level then Ficci needs to work hard on these.
The move will catapult Disney as the country's largest media and entertainment broadcaster, with over $1.3 billion of additional India revenue.
An interview with BMR partners and media specialists Nitin Atroley and Vivek Gupta
Anil Ambani group firm Reliance Big Entertainment on Sunday made its foray into Hollywood, with the announcement of development deals with celebrities including Angelina Jolie, Julia Roberts, Brad Pitt and Nicolas Cage. Reliance Big Entertainment, the media and entertainment company of the Reliance ADA Group, said that it will provide development funds to eight Hollywood production houses. sources said the investment would be in the range of US$ 500 million to US$ one billion
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