Buoyed by Sooryavanshi's success, the Hindi film industry is banking on 25-30 big movies lined up with a collective cost tag of Rs 2,000 crore.
Mumbai Mantra has produced eight movies -- Sorry Bhai!, Acid Factory, Sab Se Peeche Hum Khade and Mumbai Chakachak in Hindi, Antaheen and Shukna Lanka in Bengali and Hum Bahubali and Chandu Ki Chameli in Bhojpuri.
The chairman of the Essel Group says he has settled 91.2 per cent of the estimated Rs 11,000 crore debt on the group's books.
Its trajectory in telecom is well known but now it is pushing for a similar leap into the ranks of the top players in its other businesses: media and entertainment, e-commerce, a series of online businesses ranging from health to education, and retail.
The Andhra Pradesh government plans to set up an animation and gaming city in Hyderabad to promote the industry.
Leading media firms Zee Entertainment and Sony Pictures on Wednesday said they have received in-principle approval for a merger that will combine both companies' linear networks, digital assets, production operations and programme libraries.
The government will set up a centre of excellence for visual effects and gaming with help from the Indian Institute of Technology-Bombay.
Kolkata-based business tycoon Sanjiv Goenka's RP-SG Group claimed the Lucknow franchise for a whopping Rs 7090 crore, while international equity investment firm CVC Capital won the bid for Ahmedabad with a Rs 5600 crore offer.
The acquisitions were made in areas which are closely related to Reliance's key businesses - telecom, internet, retail, digital, media, education, digital, chemicals and energy.
'This is a blip in the 100-year history of cinema.'
Wipro Infotech, Oracle India and Mumbai-based media and entertainment technology group Media e2e have formed a media technology consortium
The focus was on the role that the media and entertainment industry can play in development and generation of employment opportunities in India
With the introduction of the single window clearance provision, pre-production windows are expected to reduce significantly. Not only will it have an impact on the operational cost of the film, it will also allow studios to release films faster.
Having missed most of the first three industrial revolutions, India has its chance to lead the fourth industrial revolution through a convergence of its IT prowess, ultra-high-speed internet connectivity and affordable smart devices, billionaire Mukesh Ambani said on Thursday. The richest Indian, who heads the nation's most valuable company Reliance Industries, said his group's telecom and digital unit Jio was conceived to provide the key ingredients needed to lead the fourth industrial revolution.
The price for pushing the envelope beyond the comfort zone that the land of storytelling is used to is a hefty one, observes Meghna Chadha.
'Banning Bollywood films will mean a paucity of content to keep the multiplexes and theatres running profitably.'
The Bharatiya Janata Party leader made the comments in response to questions by reporters on Wednesday amid the raging #MeToo storm which has demolished the carefully cultivated reputations of many distinguished personalities in the field of media and entertainment industry including celebrated journalist M J Akbar.
The report also compares the entertainment and media market of India with China. It clearly states that the industry in India has grown because of a benign regulatory environment.
The event has seen participation of 111 business delegations from Italy, which is one of the biggest delegations so far.
Riding high on growing income levels, comsumerism, technological improvements and greater investments, the media and entertainment sector is expected to cross a turnover of Rs 100,000 crore (Rs 1,000 billion) by 2011.
India's news broadcasters are a national shame that have polarised Indians, observes Vanita Kohli-Khandekar.
'From the time India liberalised in the 1990s, the government has policies are for facilitating the growth of the manufacturing sector.' 'The policies were put in the hope that growth of the manufacturing sector will lead to increased employment,' points out Chidambaran G Iyer, Senior Fellow, Pahle India Foundation.
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"Consider that the word 'delay' has been deleted." This was the message articulated on Thursday by Prakash Javadekar, Minister for Information and Broadcasting and Environment, as he sought to assure all concerned that the Narendra Modi government would ensure speedy implementation of tasks.
Jaipal Reddy made it clear that there were no efforts in this direction at present
Explosion in video consumption is the single-most important trend in the online media world.
Vanita Kohli-Khandekar on why Indian media and entertainment quality will remain a national gripe and why we, the viewers, are not blame free.
If Indian storytelling can deliver, it can make the entertainment industry an engine of economic growth and a substantial contributor to GDP, says Vanita Kohli-Khandekar.
The industry wants relief, rationalisation of multiple taxes; says govt policy hindering growth, while help would ensure transofrmation.
The newly-formed entity which will list on the NYSE as Eros STX Entertainment Corp, will remain listed on the New York Stock Exchange, with headquarters in both Mumbai, India, and Burbank, California, and has also got $125 million in fresh funding. The merger will not change the structure of Eros's Indian arm which is also listed on Indian stock exchanges.
As group CEO, Sudhanshu Vats' job is to steer the television (Colors, Nick, Sonic, MTV, etc) and film businesses of Viacom18 Media.
Rupert Murdoch-controlled News Corp rejigged its top brass as it announced plans to split the company into two, one to look after its publishing portfolio and the other, for the media and entertainment unit. Bedi Ajay Singh took over as the chief financial officer of the publishing arm.
'When you are crafting a story, it's always important to see how authentic that story is because if it is authentic and rooted, it will stand the test of time.'
In its consultation paper Trai addressed three key points including the bundling of channels under bouquets, rampant discounting within bouquets, and the lack of consumer choice.
PVP Ventures, a Hyderabad-based multi business house which has interest in realty, media and entertainment, on Tuesday said that it would throw its hat in the upcoming bidding for a new Indian Premier League (IPL) franchise.
Jio's global partnerships took shape this year when Jio Platforms, a 100 per cent subsidiary of Reliance Jio which has invested in various digital platforms, was able to woo a bevy of marquee investors: Facebook, Google, Qualcomm, Intel, and a numerous PE funds.
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