UFO Moviez, Qube Cinema merger hits NCLT roadblock

Mumbai-based digital cinema distribution company UFO Moviez’ planned merger with Chennai-based Qube Cinemas Technologies has hit a major roadblock in the National Company Law Tribunal (NCLT). Keeping in mind shareholders’ interest, NCLT has refused to give its nod to the proposed scheme of arrangement and amalgamation between the two companies. “The whole scheme appears to […]

Brightcove to acquire Ooyala’s online video platform business

MUMBAI: Nasdaq-listed Brightcove, a leading provider of cloud services for video, has entered into a definitive agreement to acquire the online video platform (OVP) business of Ooyala, a provider of cloud video technology. Brightcove is acquiring Ooyala’s OVP technology, including video content management and publishing platform Backlot, analytics, live, and underlying IP and associated patents. […]

Distribution operators need to pay new tariff to broadcasters starting Feb: IBF

MUMBAI: Distribution platform operators (DPOs) will have to pay broadcasters based on the new pricing starting this month, the Indian Broadcasting Foundation (IBF) has said. Telecom Regulatory Authority of India’s (TRAI) earlier noted that only 65 percent of cable services subscribers and 35 percent of DTH subscribers have migrated to the new MRP regime, prompting […]

Operators can’t charge TV viewers more than current monthly outgo under ‘best fit plan’: TRAI

Telecom regulator TRAI Wednesday asserted that operators cannot charge TV viewers more than their usual monthly outgo under the ‘best fit plan’ to be offered during the transition period, and cautioned that the regulator will take action on any such complaint. “TRAI has clearly asked distribution platform owners (DPOs) to ensure that for consumers, the […]

Decluttering industry sees big growth in India

CHENNAI: As the hit Netflix series ‘Tidying Up with Marie Kondo’ inspires people to keep possessions that “spark joy” and get rid of the rest, it’s also helping the nascent decluttering industry in India to get mainstreamed. Decluttering consultants and companies providing professional organising services report a 30-35% increase in service requests and queries from […]