News - Indian Broadcasting World

Sony withdraws merger agreement from NCLT: Bloomberg

Sony Group Corp. is said to have withdrawn the agreement to merge its India operations with Zee Entertainment Enterprises Ltd. from a local company court, taking the final step in scrapping a two-year-old plan that sought to create a $10 billion media giant. ...

Viacom18, Disney India merger to create $ 8.5bn entity; Uday Shankar to be vice chair

Reliance Industries Ltd and The Walt Disney Company yesterday formally announced a decision to merge their Indian television and streaming assets that would, subject to regulatory approvals, create an entertainment behemoth valued at US$ 8.5 billion. Disney will provide content licenses to the joint venture.

Disney, Viacom18 merged entity to dominate with 750mn+ viewers

India's top conglomerate Reliance Industries and Walt Disney yesterday announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world's most ...

Warner Music India appoints Vaibhav Nagpal as head of partner relations and music acquisition

In a strategic move to fortify its position in the ever-evolving music industry, Warner Music India has appointed Vaibhav Nagpal as the Head of Partner Relations and Music Acquisition. Nagpal, a seasoned professional with 14 years of experience in the dig...

Disney, Reliance have signed binding merger pact for India ops: Bloomberg

Walt Disney Co. and Reliance Industries Ltd. have signed a binding pact to merge their media operations in India, according to people familiar with the matter, as the US entertainment giant recasts its strategy amid intense competition in the world’s most populous country, a Bloomberg report stated yesterday.

Zee forms advisory panel to counter investor wealth erosion

Zee Entertainment Enterprises Ltd yesterday said its board has constituted an independent advisory committee headed by Satish Chandra, retired judge of Allahabad High Court, to curb erosion of its investor wealth in the wake of sp...

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“This initiative will empower subscribers to pay online and subscribe to the channels they want to watch and get it activated on their TV sets in real-time without any delay. Without needing to undertake any software development, LMOs can approach Mobiezy for their pre-built and pre-integrated solution that uses NXTDigital’s news APIs and can be up and running with their own mobile apps within just a few days.”

RU Ediriwira, Group CTO, NXTDigital Limited

“With the launch of Partnership for Growth 3.0 we intend to expand our network with 40 new NXTHUBs, each offering up to 650 live TV channels and broadband. Our efforts are focused on harnessing the convergence of technologies, developing robust apps and creating new business models that will help the overall ecosystem, delivering the best experience to our subscribers. We hope to achieve a stronger foothold in the rural regions of the country and grow our subscriber base.”

N.K. Rouse, COO, NXT Digital Ltd

“One of the key principles of the Hinduja Group is ‘Partnership for Growth’. After 2.0 saw the launch of HITS to connect LMOs in even the most remote locations through the only satellite-based cable TV platform in India; 3.0 focuses not just on strengthening the overall ecosystem we have built, but harnessing the convergence of technologies – to be delivered through a national network of NXTHUBs. Video and broadband are only the beginning of the digital highway of services that we have developed for roll-out backed by a robust suite of innovative apps developed by service providers exclusively for our LMOs and subscribers.”

Vynsley Fernandes, MD & CEO, NXTDigital Limited

“Wireline broadband is becoming ever more important not only in connecting homes across the country but also small to large enterprises-to the digital economy. The NXTHUBs will be the perfect point-of-presence to offer broadband services to cater to these consumer needs.”

Yugal Kishore Sharma CEO, ONEOTT Intertainment Limited

Amazing and grim battle for survival. Guess it will end up in Supreme Court. All that NCLT asked Zee to do was to file a reply to Invesco petition for a EGM. Now this is getting too serious. So far Invesco has been hammered for demanding an EGM. What is Zee upto? Ofcourse my lawyer community knows better!