The Supreme Court on Tuesday set aside an interim order of the MRTPC directing Star, Sony and ESPN to provide the signals of their satellite channels to Siti Cable, which has switched over to HITS-based transmission from the terrestrial mode.
Cable operators on Wednesday began offering pay channel bouquets at about 50% discounted prices in South Delhi since most consumers are wary of the steep increase in the cable bill under CAS and are yet to invest in set top boxes.
The Supreme Court on Wednesday reserved its judgement on petitions filed by Star, Sony and ESPN, which hold rights for content broadcast of major satellite channels.
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.
The Delhi high court on Wednesday sought reply from the government on an allegation by Zee-promoted Siti Cable Network that it deferred indefinitely the implementation of the CAS in the capital for extraneous and impermissible reasons.
The cable industry on Friday set a deadline of December 15 for implementing the much-delayed conditional access system in South Delhi zone.
Multiple-system operators feel extending the deadline to submit the forms isn't necessary
The conditional access system may roll out zone-wise in Delhi and Mumbai from July 15, if the government agrees to a recommendation made by the multi system operators on Thursday.
The National Company Law Tribunal's (NCLT's) declaration that Zee Entertainment is bankrupt adds a new measure of uncertainty to the proposed merger with Sony. Three entities -- Aditya Birla Finance, IndusInd Bank and YES Bank -- have filed appeals in the NCLT for recoveries of Rs 130 crore, Rs 90 crore and Rs 540 crore, respectively. The money was borrowed by a related party - Siti cable - and not returned. Zee was a corporate guarantor.
Jio is now present in all of the 29 states.
Given the fragmented nature of the domestic cable TV market and the need for last-mile connectivity, RIL, said sources, would have to do more to achieve its target of reaching 20 million homes and 15 million business establishments with its broadband services across 1,600 towns in the next few years.
'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.
Mukesh's television unit has been aggressively wrapping up deals with hundreds of small players in a street-by-street effort to conquer that final hurdle in its cable TV drive
Cable operators continued to black out pay channels in South Delhi on Tuesday, making it clear that consumers will have to either go in for set top boxes to watch these channels or be content with the free-to-air ones.
In its bid to grab eyeballs in the regional space, Big Magic rebrands channel, sets up production unit in Patna
In terms of market capitalisation, Zee alone has a market cap of Rs 24,000 crore compared to Rs 15,000 crore of the merged Reliance entity.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
