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 […]
Zee Entertainment Enterprises Ltd, the country’s largest home-grown television and broadcasting company, reported a modest year-on-year improvement in its advertising and subscription revenue, but also saw the usual sequential decline when compared to the preceding, holiday quarter. The company’s results have become more difficult to compare due to the fact that the seasonally strong third […]
GTPL Hathway, one of India’s largest cable feed provider and last-mile operator, said its much-delayed Android set-top-box originally scheduled be launched a year ago, is in the final stages of production and expected to reach the company by end of this month. It was in mid last year that the company announced that its Android […]
Saregama, India’s oldest and largest music label, announced that it has has been signed as by prominent film maker Sanjay Leela Bhansali as the music label for three of his forthcoming projects. These include Alia Bhatt starrer Gangubai Kathiawadi – the music rights of which has been acquired from Pen Studios, the next untitled Bhansali […]
Den Networks, a prominent Indian cable feed provider that is now part of the Reliance Industries group, today reported a set of disappointing financial performance numbers, capping a year of pain and degrowth. The company’s subscription revenue, which is overwhelmingly composed of the monthly subscription fees paid by cable TV subscribers, fell to 190 cr […]
Government of India has indicated that it found nothing illegal in channels from other DTH platforms being available for viewing by audiences of Prasar Bharati’s DD Free Dish service. There have been allegations by a section of the broadcasting industry that the availability of channels from other DTH platforms to users of DD Free Dish […]
In a sign of things slowly returning to normal, PVR announced the opening of a new multiplex theater after nearly a year. The new six-screen multiplex theater — the biggest in Mysore — will open inside Mysore’s biggest mall, Forum Center City Mall, today. PVR CEO Gautam Dutta said the new muliplex will offer “advanced […]
A Supreme Court bench of Ashok Bhushan and Subhash Reddy has asked to see the new regulations brought out by the central government on content apps. In an appeal for anticipatory bail for Amazon Prime creative head Aparna Purohit in a case of outraging Hindu sentiments, the bench asked the government what it plans to […]
Bharti Airtel has announced its entry into the lucrative, Rs 30,000 cr digital advertising market in India, making it the most serious competitor yet to Google and Facebook, which together control about 90% of the market at present. While Google leverages its access to search data and Facebook taps its access to behavioral data on […]
Vodafone Idea launched one of India’s first per-per-view service on its Vi Movies & TV platform. The service, which will enable users to rent premium video content such as new movies, will be clubbed with what the company called ‘deals from Hungama Digital’ — an independent provider digital video and audio content. Initially, the service […]
Government of India seems to have had a change of heart as far as its digitization strategy for radio is concerned, particularly on the choice of technology for the future. The first phase of India’s radio digitization — which has the potential to deliver CD-quality sound on radio receivers — was started around 11 years […]
Zee Entertainment Enterprises reported its first sales growth figure in the post-pandemic period after advertising revenue grew by 7.5% and domestic subscription revenue rose 9.3% on a like-to-like basis. It also generated another Rs 551 cr during the quarter by licensing its content to third parties, taking its revenue growth to 33%. However, excluding this […]
TV18 Broadcast, one of India’s top TV broadcasting companies, reported a whopping 84% jump in its net profit for the December quarter. The numbers were boosted by a sharp fall in operating and tax expenses, as well as by a steady recovery in revenue aided by festival spending. The company’s consolidated net profit for the […]
PVR, the country’s biggest chain of multiplex cinemas by far, indicated that the worst was behind for the company, as customers started trickling back into theaters in November and December. Nevertheless, the pace of recovery continues to be very gradual. For the three months ended December, PVR’s operations generated revenue of Rs 45.40 cr. This […]
Credit rating agency ICRA has revised its revenue target for the TV broadcasting sector in India due to a faster than expected bounce-back in advertisement revenue and strong growth in subscription incomes. The ratings company, however, kept its forecast for the print industry unchanged, predicting a decline of 30% for the ongoing financial year. BROADCAST […]
