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PVR acquires stake in US luxury theater chain iPic

PVR Limited, India's largest theater chain, said it agreed to acquire a minority stake in US-based luxury restaurant-and-theater company iPic-Gold Class Entertainment, LLC.The US company operates 16 luxury theaters with 121 screens across 10 States in the United States, PVR said.Ajay Bijli, Chairman and Managing Director of PVR, will join the board

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Sun TV continues slow ad growth trend, but subscription fees jump

Chennai-based Sun TV continued to report decent overall growth in the July-September quarter as well, but advertising sales continued to lag behind peers such as Zee Entertainment.The company has been ‘suffering from’ poor advertisement growth in the last couple of years, even as players like Zee Entertainment have reported

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Jagran Prakashan profits hit by poor revenue growth, blames GST

Jagran Prakashan reported disappointing results for the September quarter, continuing the trend of print and newspaper companies struggling in recent quarters.Total revenue from operations fell to Rs 566.55 cr for the three months ended September, down from 591.33 cr in the previous three months.However, compared to the same

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UFO Moviez, Qube announce merger, ratio 64:36

Two of India's top satellite-based cinema feed providers, UFO Moviez and Qube Cinema Technologies, have decided to merge to take advantage of higher scale.The merger ratio and valuation will be 63.6% for UFO and 36.4% for Qube Digital.Currently, UFO supplies its movie feeds to around 4,000 screens while Qube provides

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RCom likely to shut down Reliance Digital TV next month

Reliance Digital TV, the DTH arm of the Anil Ambani Group, is scheduled to shut down next month, according to the photo of an advertisement that allegedly appeared in a regional newspaper.The DTH service has around 5 mln (50 lakh) subscribers."This is a notice to all subscribers of Reliance Digital

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Tata Elxsi to bring Unity gaming platform to enterprise

Tata Elxsi, the hardware design company from the Tata stable, has tied up with Unity Technologies to set up a center that will develop solutions based on the Unity visualization engine.The Unity platform is arguably the most widely used engine for developing mobile phone games and can also be

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Is Reliance Jio about to acquire Den Networks?

Reliance Industries refused to deny or confirm media reports about its telecom unit Jio being in talks to acquire cable operator Den Networks.Shares of Den Networks, one of India's largest cable networks, are up 6.2%, having opened higher on the news."We are unable to comment on media speculation and

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Sun Direct becomes first DTH in India to start HEVC transmission

Sun Direct, a unit of Sun TV, has become the first DTH or cable operator to start transmission using next-generation HEVC compression technology in India.The company has introduced two HEVC -- short for high-efficiency video codec -- channels on its GSAT-15 beams.HEVC, also known as H.265, requires only 55%-60%

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Stock Exchange seeks clarification from NDTV on Ajay Singh’s stake-buy

The National Stock Exchange has again sought a clarification from NDTV after the Indian Express reported that SpiceJet promoter Ajay Singh was now the biggest shareholder in the media company.UPDATE: NDTV has denied the rumors.According to the newspaper, Singh has acquired a 60% stake in the media company, restricting existing

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Balaji Telefilms to share digital content with Vodafone

Balaji Telefilms will make its digital content available Vodafone's Play multimedia app, the telecom operator said.Nachiket Pantvaidya, CEO – ALTBalaji said the aim of his company was to make the content more widely available.“Our content caters to the Indian language, urban mass audience and is targeted at the 18-35

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Republic TV’s 5-star Facebook ratings disappear mysteriously

Tens of thousands of five-star ratings given to Arnab Goswami's Republic TV mysteriously disappeared over night, pushing the rating on the channel's official page to a low of 2.1 stars out of 5.0.It is not clear why the ratings were removed.Over the last three days, the channel has come under

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