IDBI Bank has moved the National Company Law Tribunal (NCLT) against Zee Entertainment Enterprises Ltd (ZEEL) seeking an insolvency proceeding against the media firm to recover dues of Rs 149.60 crore. IDBI Bank has claimed an amount of Rs 149.60 crore, which has been disputed by ZEEL, said a regulatory update from the media major. IDBI Bank has filed an application under section 7 of the Insolvency and Bankruptcy Code, 2016, claiming to be a financial creditor, before NCLT for initiation of Corporate Insolvency Resolution Process against the company, it added.
'This is a first-of-its-kind partnership in the Indian media & entertainment landscape, and this association with Disney Star reflects our sharp, strategic vision for the sports business India.'
Two sectors, fintech and media & entertainment, attracted 45 per cent of total funding by value, led by large ticket deals such as CRED and Dailyhunt.
It may be long overdue, but consolidation in the media sector will happen very slowly and painfully.
In the quarter ending June 2022, the growth of Internet subscribers was less than one per cent of all of 2021.
'Since God was being shown in live action on such a large scale, Prasanth was initially sceptical about going with an animated character.'
It's the most popular Grand Slam across popular social networking sites
In an exclusive chat, Del Piero tells Rediff.com's Laxmi Negi of his urge to entertain fans and his interest in understanding India and its culture.
The high court conducted the hearing in-camera after the counsel for the Centre requested for it on the ground that it was a very sensitive decision taken by the Army and the inputs cannot be made public.
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.
The Supreme Court's observations on the Indian Premier League fiasco appears to have had an effect on the Indian team at the World T20, as its media manager, Dr R N Baba, has issued a gag order on the media, stating that questions 'only on ICC World Twenty20' will be entertained.
In a setback to jailed Bihar Youtuber Manish Kashyap, the Supreme Court on Monday refused to entertain his plea challenging invocation of the stringent National Security Act (NSA) against him for allegedly circulating fake videos of migrant labourers being attacked in Tamil Nadu.
Scenes from the Rocky Aur Rani media interaction in Mumbai...
Jaipal Reddy made it clear that there were no efforts in this direction at present
Downloading music and streaming videos on the Internet and mobile handsets may soon be pass. With the government allocating 3G spectrum, content providers are ready with new services.
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.
A day before the event, I learnt from an old Mumbai crime branch informant that a group of gangsters were planning to serve breakfast to the prisoners at Balgandharva Rangmandir prior to the show.
Stalin still enjoys a lot of sympathy and empathy as someone wishing well for the state, but not full-throated support as in 2019 and 2021, notes N Sathiya Moorthy.
News, as a business, faces its biggest crisis ever, globally. To fight it needs investment in feet-on-the-ground journalism, tech tools like artificial intelligence among other things.
Alia Bhatt won hearts when she wore her wedding sari at the 69th National Film Awards at the Vigyan Bhawan in Delhi. The ivory embroidered drape was designed by Sabyasachi Mukherjee.
A multi-billion dollar broadcast market, the game's most powerful board's positive intent and a perfect pitch by the global body based on a three-fold 'U-P-L' principle ensured cricket's inclusion in the 2028 Summer Olympics in Los Angeles.
Last weekend seemed to be dedicated to awards for style and talent.
BofA-ML mandated to find buyer for 27.5% stake in media group's holding firm
Job postings declined on an annual basis in September but witnessed a marginal uptick compared to August this year, a report said on Tuesday. There was a fall in job postings in various sectors, including media and entertainment, home appliances, shipping and marine, IT and BPO/ITES compared to September 2021. For September 2022, the Monster Employment Index (MEI) showed that there was a 4 per cent decline in hiring activities on an annual basis but a 1 per cent rise on a month-on-month basis.
The growth of a credible, objective news media business in India requires political will and a belief in free speech.
After losing two festive seasons to Covid-led restrictions, 2022 is seeing an uninhibited celebration of festivals. This is pushing up discretionary spend, which is attracting advertisers and brands, who are ready to capitalise on the momentum. The festive season has begun with Onam and Ganesh Chathurthi held earlier this month in Kerala and Maharashtra, respectively.
'The magnitude of responsibility one has while portraying a real life legend like Mr Muralitharan is not lost on me.'
The print media's declining share of the media industry is not as worrying as its attitude to the factors critical to growth.
If the deal goes through, it will be Lachlan's first investment through which he will take on his father Rupert Murdoch directly in the broadcasting space.
'The girl who helps me at home has had a tough life, yet her perspective of life is so much more positive than mine despite the hardships she's endured.'
On her 90th birthday on September 8, Ashaji hopes to perform at a live three-hour concert in Dubai.
'Without ever losing hope, I survived in Mumbai with the hope of becoming a good actor.'
The prospects for the media and entertainment industry look bright over the next four years, according to media pundits and independent research agencies.
India football team head coach Igor Stimac, on Sunday, lashed out at the Indian Super League (ISL) organisers Football Sports Development Limited (FSDL)
'No small artistic film can even hope to win, except, maybe, as random tokenism,' asserts Deepa Gahlot.
'He doesn't need to play eye candy or a boy next door. He has found his mark.' 'Brands like him because he understands them and he emotes appropriately for them.'
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