In an unexpected announcement, Dish TV India Ltd, one of India’s largest TV channel distribution platforms, said its board of directors have called the company’s annual general meeting on the last day of this month. The announcement is unexpected given that the board had, a week ago, decided to seek government approval to postpone the […]
Adding another dimension to the legal battle over the impending extraordinary general meeting called by Dish TV’s largest shareholder YES Bank, the DTH operator said a local office of Uttar Pradesh Police has asked the company to ensure that YES Bank does not deal in or liquidate its Dish TV shares, pending an investigation by […]
Sun TV Network, the second biggest home-grown entertainment broadcaster, reported a sharp jump of 40% in its ad revenue during the July-September period compared to the preceding three months as ad spends normalized rapidly after the second wave of COVID-19. Compared to the same three months of last year too, ad revenue was up by […]
GTPL Hathway, one of the country’s largest cable feed providers, said it plans to launch its Android box by the end of this month or early next month. “The hybrid box has been soft launched,” said Managing Director Anirudhsinh Jadeja. “There are around 1,500 boxes in the market.” The box was originally set to be […]
GTPL Hathway, the No.2 cable feed provider and No.6 wired internet provider in India, has started providing internet services through local cable TV operators or LCOs outside its home market of Gujarat. The strategy, as well as a spurt in demand for high-speed internet, helped it report a 10% sequential growth in broadband revenue in […]
Palred Tech, which sells IT and entertainment accessories under the pTron brand, has launched India’s cheapest Alexa speaker, priced at just Rs 1,799. The speaker comes with Alexa voice commands, and supports streaming music from services such as Amazon Prime Music, Gaana, Hungama Music, Jio Saavn and so on via wifi. pTron Musicbot Cube will […]
Saregama, India’s largest record label and an emerging force in the digital video space, looks all set to breach its pre-COVID revenue and profit numbers in the current financial year due to rising demand for streaming music. The company’s operating revenue had set a record in the year 2018-19 at Rs 544.7 cr, but declined […]
Yes Bank, which holds around 26% of Dish TV India, accused the direct-to-home satellite provider of resorting to what it called dilatory tactics in seeking shareholder approval for its proposal to reorganize the company’s board of directors. As such, said Yes Bank, it was calling for an extraordinary general meeting under the relevant laws of […]
Dish TV India, one of the largest direct-to-home satellite broadcasters in the world, said a shareholder resolution calling for the removal of its chairman and certain directors as proposed by YES Bank cannot be implemented without the approval of the government and lenders, and therefore, the DTH company has sought permission to postpone the annual […]
The latest industry numbers for the broadband and broadcasting industries seem to confirm what many industry watchers have been warning for years — the rising penetration of affordable and high-speed wired internet will displace cable and DTH services in India. While this has always been seen as a theoretical possibility or hypothesis, new data from […]
A month after it started reopening its amusement parks, Wonderla Holidays announced that it would reopen its flagship Wonderla Kochi park on Sept 1. This is the third and the last of the main locations for the company that is getting reopened after the second wave of COVID-19. South India’s biggest amusement park chain had […]
Vodafone Idea, the country’s third largest telecom operator, said it plans to launch a music streaming service in tie-up with a large content provider in the coming days. The service, said CEO Ravinder Takkar, would be available to all of the company’s prepaid and postpaid subscribers. The company currently has a free video streaming service […]
Bharti Airtel, formerly India’s biggest telecom operator, announced plans to take its fiber-based broadband services to nearly every town in India over the next three years, except for the smallest of the small. The company, which is currently launching its fiber services in more than 1 new town per day, said it plans to take […]
RailWire, the wired service from Indian Railways’ RailTel Corp, has announced a set of new plans offering more data for lower monthly subscription amounts. The move comes less than a month after BSNL introduced new plans in the low-tariff category. The highlight of the new RailWire plans is the new 50 Mbps, which is priced […]
Wonderla Holidays Ltd, India’s largest amusement park chain, said it will re-open its Hyderabad amusement park from Aug 5, marking the first such facility under the company management to re-open after the second wave of COVID-19. The company had reopened its hotel, Wonderla Resorts, earlier this month, but its amusement parks are still shut as […]
Amazon has expanded its Fire brand of devices and software to the service sector with the launch of its Fire TV Hotspot broadband service in India. The company started offering Fire TV branded broadband connectivity in the Indian city of Mumbai — making it possibly the only one in the world to get Amazon branded […]
Sun TV Network, the second biggest home-grown entertainment TV network in India, is planning to invest around Rs 25 cr each on two reality-based shows in Malayalam and Telugu to take on Big Boss. Currently, Big Boss — the most successful reality TV franchise in India — is with Sun TV’s primary rival in the […]
Wonderla, one of India’s top amusement park operators, reported that it had managed to recover about 77% of its revenue during the fourth and final quarter of FY21 that ended in March. The company, which operates water parks and amusement parks in South Indian states such as Kerala, Karnataka and Telangana, was able to maintain […]
PVR, India’s No.1 film exhibitor, said it has put on hold all construction and other capital expenditure related to new projects and screens, and issued a profit warning for the current quarter on account of the ongoing COVID-19 pandemic. “The Company opened 13 new screens in FY’21 which were already under fit-out prior to lockdown. […]
Inox Leisure, one of India’s top cinema chains, said it plans to add 8,850 seats across 11 new properties to its multiplex chain in the ongoing financial year, taking the total seats to 1.56 lakh by March. These 11 new properties would bump its screen count by 49 to 692. Out of the 49 new […]
