Broadcasting articles

Zee Entertainment completes acquisition of India Webportal

Zee Entertainment Enterprises Ltd (ZEEL) today said it has completed acquisition of balance 49 per cent equity stake in its subsidiary India Webportal. Last month, ZEEL had announced it will acquire balance 49 per cent equity stake in India Webportal Pvt Ltd for USD 30.7 million (Rs 197.47 crore) to consolidate its digital business. The

Smriti Irani get I&B Ministry, NS Tomar given urban development

Textiles Minister Smriti Irani was today given the additional charge of the Information and Broadcasting Ministry after M Venkaiah Naidu resigned from the Cabinet to contest the vice-presidential poll. The portfolio of urban development, which too was with Naidu, was given to Narendra Singh Tomar, Minister for Social Justice and Empowerment, the PMO said. The

TV18 Broadcast Q1 net loss narrows to Rs 14 crore

Media firm TV18 Broadcast today reported a consolidated net loss of Rs 14.28 crore for the first quarter ended June 30. The company had registered a net loss of Rs 15.72 crore in the April-June quarter in the previous fiscal. Its total income during the quarter under review went up marginally to Rs 226.72 crore

’46 million households to use free TV by 2020′

A significant rise in the number of TV households in India, increase in DD FreeDish consumers, and availability of viewership numbers of rural audiences have created an environment conducive to a rapid growth of free TV market in the country. According to a report by consulting firm EY, the free-television industry (FreeDish and terrestrial) could

Quality of video streaming experience affects viewers’ loyalty to OTT services: Study

Lower quality of video resolution affects viewers’ engagement with the subscription Video-on-Demand (SVOD) brands and also effects their loyalty to over-the-Top (OTT) video streaming service, according to a joint study by Akamai Technologies and Sensum. The findings suggest that engagement decreases almost 20 percent due to poor quality of video streaming. “Service providers cannot take

ZEEL buys balance 49% in India Webportal for Rs 197 cr

Zee Entertainment Enterprises Ltd (ZEEL) today said it is acquiring the balance 49 per cent equity stake in its subsidiary India Webportal Pvt Ltd for USD 30.7 million (Rs 197.47 crore) to consolidate the digital business. The company will also acquire 12.5 per cent stake in Tagos Design Innovations for USD 2.5 million (Rs 16.08

NDTV raid: Media outlet critical of Modi govt finds itself in a soup

India’s main investigative agency on Monday raided residences and offices connected to the founders of NDTV, an influential cable TV station that has had run-ins with Prime Minister Narendra Modi’s government over its news coverage. The agency, the Central Bureau of Investigation, cited “causing an alleged loss to a bank” as the reason for the

DEN Networks to exit from TV commerce biz

Cable TV services provider DEN Networks will exit from TV commerce business to focus on cable and broadband segments by selling its entire stake in Macro Commerce Pvt Ltd on a going concern basis. “DEN Networks has entered into a share purchase agreement with Pimex Broadcast Pvt Ltd for selling its entire stake in Macro

GST impact: Entertainment, cable, DTH to enjoy lower taxes from July 1

Taxation on entertainment, cable and DTH services shall come down under the Goods and Services Tax regime as the ‘entertainment tax’ levied by states has been subsumed in the GST, the government said today. The Finance Ministry in a statement said services by way of admission to entertainment events or cinematography films in cinema theatres

Facebook does a Netflix, to debut in premium TV shows next month

Facebook is making a debut in premium television and developing around 24 shows that will be premiered in mid-June, media reports said. There will be both long duration shows on the pattern of ‘House of Cards’ and also 5-10 minutes shows that will be added to Facebook app’s video tab daily, Business Insider reported on