PVR, India’s largest multiplex operator by far, said it will acquire 72% of SPI Cinemas, which operates 17 multiplex theaters in South India including Chennai’s Sathyam, for around Rs 633 cr in cash, and the remaining 28% by issuing its own shares….
PVR Cinemas said it has opened its 137th multiplex at Phoenix United Mall in Bareilly, Uttar Pradesh. With this, said India’s largest cinema exhibitor, it now has 13 multiplexes in Uttar Pradesh. The company has also increased the total multiplexes in North India…
Reliance Jio’s delays in ‘going pay’ with its content suite seems to be giving rivals like Bharti Airtel pause for thought as far as their content plans are concerned. Jio unveiled a large suite of content applications when it launched its telecom…
Eros International Media, one of India’s leading content producers, said it has formed a joint venture company with V Vijayendra Prasad, the writer of popular movies like Baahubali, Magadheera and Bajrangi Bhaijaan. Eros International said Prasad has already penned down 10 stories…
PVR Cinemas, the country’s largest cinema exhibition chain, said it has opened a four-hall multiplex cinema at Garuda Mall in Mysore. The multiplex has 948 seats and comes with 2K projection systems, Dolby Digital 7.1 surround sound and next generation 3-D screens….
HT Media, the publisher of Hindustan Times and Mint newspapers, reported disappointing advertisement sales for the Apr-Jun quarter, and said corporations were not spending on ads due to poor earnings growth. The company generated only Rs 221 cr during the three months…
Hindustan Media Ventures, which publishes Hindustan – the Hindi newspaper from the Hindustan Times Group, showed no signs of a recovery in its business as print media continued to grapple from the impact of rising internet penetration. Net profit fell 73% on…
Multiplex theaters in Maharashtra will have to allow customers to carry their own food items into the exhibition hall, Maharashtra government said in the legislative assembly. The statement by consumer affairs minister Ravindra Chavan in the assembly comes in the context of…
Sun Direct, the No.1 direct-to-home service in South India, has threatened to remove all channels of India’s largest broadcasting company, Star India, from all its subscription packs from August 1. The channels will continue to be available on the platform, but users…
Facebook has refused to block a ‘drinker’s group’ that the Kerala Police had requested to be taken down, according to local media reports. The social network reportedly told the police that the group was not in violation of its guidelines and cannot…
Market tracker CyberMedia Research has called Reliance Jio’s 4G and GigaFiber broadband subscriber targets unrealistic, and said it did not see the company meeting the year-end target of 300 mln for its 4G service or the 50 mln target for its fiber…
The Telecom Regulatory Authority of India has started implementing the tariff order issued last year with effect from today. The move follows the refusal of the Madras High Court to strike down the TRAI tariff orders issued early last year. “Having complied…
ALTBalaji, the biggest Indian provider of original online content, is signing up paid users at the rate of 25,000-30,000 per day, said Nachiket Pantvaidya, the CEO of Balaji Telefilms, the company behind the app. “We expect to have paid users of 10 mln…
PVR Ltd, India’s largest cinema chain, became even bigger today with the opening of a 5-screen multiplex at Vellore near Chennai, taking the total screens to 630. The latest property has been opened at Velocity, Silk Mill, Gandhinagar and has a total…
HT Media, the company that publishes the Hindustan Times newspaper, said it obtained approval from its board of directors to invest another Rs 400 cr into its FM business. The company operates ‘Fever 104’ FM stations in over a dozen cities in…
People carrying pornographic or other indecent material on their phones can end up getting prison terms of up to three years under a new law proposed by the ministry of women and child development headed by Maneka Gandhi. Under the ‘Indecent Representation…
ABS Free Dish, the free DTH service run by a Bermuda-based company of the same name, has shut down its signals over India. The service used to quite popular in the southern and eastern parts of India as the only other free…
DQ Entertainment, creator of children’s TV animations such as Jungle Book, said it decided to open several indoor theme parks in India. The company signed a franchisee agreement with India-based Chiliad Procons to open the theme parks, which it said would be…
Reliance Jio Infocomm Ltd said it has tied up with Israel-based Screenz to offer interactivity and ‘play along’ features for television programs in India. With the help of the offering, television channels can keep their viewers engaged on a realtime basis using…
DB Corp, the publisher of newspapers such as Dainik Bhaskar, reported a sharp decline in its profits for the fourth quarter due to rising operating costs, particularly those related to raw materials. The company, however, was able to report a 10% year-on-year…
