The Walt Disney Company has reached a pact to sell 60 percent of its India business to Viacom18, according to reports in the Wall Street Journal, which was quoted by CNBCTV18 today. According to the report, the pact values the India business at $3.9 billion and the transaction is likely to close this month. In rupee terms, this comes up to ₹33,000 crore.
Following the debut of Amazon’s ad-supported Prime Video service this week, a new analysis from advisory firm Omdia reveals the streaming platform is set to generate more than $2bn in incremental ad revenue in 2024, its launch year. This will be in addition to revenue already generated by the sale of advertising slots during live sports broadcasts on the service.
Bayview Projects, backed by filmmaker Boney Kapoor and real estate developer Bhutani Group, on Tuesday bagged a contract to develop the International Film City near the upcoming Noida International Airport in Uttar Pradesh. The financial bid for the greenfield project was opened on Tuesday afternoon by the Yamuna Expressway Industrial Development Authority (YEIDA)
As part of CNBC-TV18’s budget programming, it has unveiled a campaign ‘Budget Ballot—#MyBudgetWishlist’ campaign. With over 2500 entries, this initiative provides a platform for citizens to voice their expectations leading up to the crucial interim Budget on February 1. The comprehensive pre-budget shows, featuring esteemed guest editors and market masters, offer in-depth insights and expert analysis.
Fever FM Network, one of India’s largest audio entertainment players, has unveiled its new brand identity and tagline ‘Happening Hai’, empowering listeners to shape their own narratives and curate content on air that resonates with them. Fever listeners will now get to select and cancel songs and playlists on air, choose their RJs, and even curate shows
In a pioneering move, CNN-News18 is set to redefine morning television with the introduction of ‘The Breakfast Club,’ India’s first-of-its-kind morning show. Anchored by Sonal Mehrotra Kapoor, the show promises a unique blend of news, lifestyle, and entertainment, designed to invigorate viewers’ mornings, the channel said in a press statement.
Meta’s X rival Threads witnessed growth in December last year, with downloads tripling, placing it in the top 10 most downloaded apps for the month on both the App Store and Google Play. According to IANs, Threads recorded 12 million new downloads in December, earning it the number four spot in the Top Charts by downloads on Apple’s App Store.
Renowned Indian filmmaker Sanjay Leela Bhansali makes his OTT debut with the upcoming web series ‘Heeramandi: The Diamond Bazaar,’ as the first look was revealed on Thursday. The series promises Bhansali’s signature production design, a stellar ensemble cast, and a captivating portrayal of pre-independence India, IANS reported from Mumbai.
iPhone maker Apple led India market with highest revenue in 2023 for the first time while Samsung topped the chart in terms of sales volume, market research firm Counterpoint Research said yesterday. While India’s smartphone shipments remained flat in 2023 at 152 million units, Samsung and Chinese mobile phone makers Vivo and Oppo were able to grow their shares
Streaming giant Netflix has released the trailer for the upcoming movie ‘Bhakshak’, starring Bhumi Pednekar as an investigative journalist. Backed by superstar Shah Rukh Khan’s Red Chillies Entertainment, the crime drama is inspired by true events and directed by Pulkit. The film is set to premiere on Netflix on February 9, PTI reported from Mumbai. ‘Bhakshak’ follows journalist Vaishali Singh, played by Pednekar, as she exposes a heinous crime at a girls’ shelter home