Bhushan Kumar, chairman and managing director of the Rs 350 crore (Rs 3.5 billion) Super Cassettes Industries, the country's leading music company that owns the T-Series label, spoke to Shuchi Bansal on the challenges facing the music industry and his company's initiatives to keep its head above water.
UTV Software Communications has launched an English business news channel, UTVi. The channel will go on the air by April-end. The company has entered into a content tie-up with Disney-ABC International Television (Asia-Pacific), the international TV distribution arm of The Walt Disney Company, for news programming & services. The channel is positioned to cater to the growing business aspirations of young Indians. The channel will attempt to de-jargonise the financial markets.
Zee Group is India's second-largest media and entertainment firm.
In one of the biggest splits in the media and entertainment industry, Star India, one of India's leading broadcasters, will soon part ways with Balaji Telefilms, known for its saas-bahu serials. Star, which holds 25.99 per cent stake in Balaji through Asian Broadcasting, is looking at selling its stake. Sources close to the developments said the exclusivity contract between the two firms may not be renewed.
Subhash Ghai's Whistling Woods has tied up with Manipal Education to introduce a two-year MBA degree in media and entertainment.
For the first time in India, Chandigarh-based Compact Disc India Ltd (CDIL), an integrated media and entertainment company, will animate a true love story titled Eternal Love in English which will revolve around the Taj Mahal. The company has secured an animation outsourcing contract worth $15.70 million from a Los Angeles-based firm through its arm Mediaone Ventures Ltd for the film which is slated to be released in December 2009.
Railways to introduce touch-screen TVs for individual seats.
'As the world goes digital, we cannot afford to be left behind.'
As a sign of things to come, Future Media, the media arm of the group, recently launched a women's magazine, My World, priced at Rs 25, given away as gratis to shoppers at Future Group stores (Pantaloon, Big Bazaar, etc) spending over Rs 1,500. The company plans to launch a magazine each quarter.
RJio's aggressive plans will lead to significant impact on listed companies in this space
UTV will also invest Rs 135 crore to enhance its existence in the animation movies segment in the next 3 years.
Marigold has been in the making for a long time.
Integrated media and entertainment company Eros International is planning to set up an animation studio in India.
R-ADAG has taken on board Ashutosh, the business head of Sahara One and Entertainment's Hindi movie channel Filmy, as the COO for its upcoming movie channels.
Identifying 10 areas that could help triple Indo-US trade by 2010, industry body Assocham has prepared a roadmap to boost trade between the two countries to over $120 billion from the current $40 billion.\n\n
The study draws attention to the contribution of the Indian industry
Railway passengers would soon have access to movies, television content, music videos and audio tracks as RailTel and media group Eros International have come together for providing entertainment services to travellers.
As the economy has crossed over 9 per cent growth, the industry is facing the supply constraint of trained manpower, resulting in higher wages.
The rebel tournament of Zee group chief Subhash Chandra, the Indian Cricket League, is set to take birth on Friday at Chandigarh's Tau Devi Lal stadium; though pangs remain.
The media and entertainment industry in 2007 grew by an estimated 17 per cent over the previous year to touch Rs 51,300 crore (Rs 513 billion), according to a recent Ficci-PwC 2008 report. However, this is 6 percentage points lower than the 23 per cent growth registered in 2006. All the major segments within the M&E industry, comprising TV, film and print, will see a year-on-year fall in their growth rates going by the report estimates for 2007.
Chopra is planning to buy single-screen theatres and convert them into multi-screen theatres, depending on their viability.
City-wise, Delhi NCR was the only metro to report a rise in hiring activity in April.
The Indian entertainment and media industry is expected to outgrow the country's economy every year between 2007 and 2011.
OTT players like Netflix, Hotstar, and Voot are keen to find a common currency to measure viewership numbers and improve advertising options as well as content. Urvi Malvania reports.
Nimbus Communications Ltd on Monday said it has received private equity investment of Rs 552 crore (Rs 5.52 billion) from 3i, Cisco and Oman Investment Fund that would be deployed to fund sports rights acquisitions
The controversial Broadcast Services Regulation Bill is unlikely to be introduced in the monsoon session of Parliament with the government set to hold talks with media barons to address their apprehensions on the alleged "draconian" provisions.
Infosys BPO (formerly Progeon) and media company TV18 have entered into a strategic alliance to launch Source18, a media process outsourcing company that will offer a range of services to media and entertainment companies globally.
Rajshri.com will offer Indian video content across multiple genres, free and paid, on demand 24/7 to a worldwide audience.
Tour operators are feeding travelers' appetites for atypical destinations with luxurious tours to far-flung locales.
The growth of a credible, objective news media business in India requires political will and a belief in free speech.
Leading integrated media and entertainment company UTV Software Communications Ltd has decided to divest its entire stake in United Home Entertainment Ltd to the Walt Disney Company
The prospects for the media and entertainment industry look bright over the next four years, according to media pundits and independent research agencies.
HCL Infosystems on Monday entered into a strategic, but non-exclusive agreement, with Apple Computers to distribute desktop computers and digital musical device iPod.
Sahara One Media and Entertainment Ltd said on Monday Aircel Televentures would acquire its 14.98 per cent stake for Rs 119.97 crore (Rs 1.19 billion).
IT spending by the Media and Entertainment industry is expected to grow from the current $100 million (Rs 445 crore or Rs 4.45 billion) to $300 million (Rs 1,320 crore or Rs 13.2 billion) by 2010.
Zee group Chief Subhash Chandra on Saturday met Pakistan President Pervez Musharraf and discussed the role media and entertainment industry can play in improving Indo-Pak relations.
The four southern languages and the Marathi regional industry have found success, but regional cinema, in general, still grapples with basic issues.
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