BOOKMYSHOW BOOKMYSHOW REPORT
Zomato in talks to acquire Paytm's movies, ticketing business; deal pegged at around Rs 2,000 crore
Zomato’s interest in acquiring Paytm's events and movie ticketing business is in line with the Gurgaon-based company's efforts towards capturing consumer demand across categories like food, grocery and entertainment. If the transaction goes through, it will be the second biggest acquisition for Zomato after it acquired quick commerce platform Blinkit in 2022 in an all-stock deal for Rs 4,447 crore.
From 'Bade Miyan Chote Miyan' to 'Maidaan': Watch this week’s latest OTT releases on Netflix, Disney+ Hotstar, Prime Video
This week's OTT lineup features a variety of new releases across major platforms. Highlights include the action-packed 'Bade Miyan Chote Miyan' starring Akshay Kumar and Tiger Shroff on Netflix, and the biographical sports drama 'Maidaan' with Ajay Devgn on Prime Video. With genres ranging from thriller and action to comedy and biographical drama, there's something for everyone to enjoy.
B Capital closes $750 million fund; Startup Mahakumbh Day 2
Multi-stage global investment fund B Capital has closed its second Opportunities fund at $750 million. Details on this and more in today's ETtech Top 5.
Live entertainment, sports becoming favourites for the youth, says BookMyShow CEO Ashish Hemrajani
On the second day of Startup Mahakumbh in New Delhi, Hemrajani said, “Roti kapada makan is done, discerning people have got the money. Now they're focusing on outside of science and maths. They are focusing on art, they are focusing on music, they are focusing on sport."
Imax inks strategic ticketing pact with BookMyShow
Imax Corporation and BookMyShow have formed a strategic partnership to enhance Imax's visibility. BookMyShow will promote Imax releases, starting with Dune: Part Two. Imax had its best year at the Indian box office in 2023, and plans to release more films in 2024.
BookMyShow Live set to unveil world's first all-steel VerTech stage system at Lollapalooza India 2024
BookMyShow Live is set to upgrade India's live entertainment scene with the introduction of the VerTech Stage System. Acquired from global leader Star Live, this all-steel stage, boasting superior durability, sustainability, and a unique seamless structure, will make its debut at Lollapalooza India 2024.
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KKR’s big bet on BookMyShow; Free Fire Max tops esports sweepstakes
Private equity fund KKR is in advanced talks to pick up a significant minority stake in online ticket-booking platform BookMyShow. This and more in today’s ETtech Morning Dispatch.
KKR looks to book a big-ticket investment in BookMyShow of up to $300 million
This will be the largest fund-raising round by Bigtree Entertainment Pvt. Ltd, which operates BookMyShow. Reliance unit Network 18 is the largest shareholder with a 37% stake.
It’s a wrap! A look at Bollywood’s year of comebacks and India’s 2023 cinematic odyssey
In 2023, India's entertainment scene transformed drastically, offering unique experiences and emotions. Bollywood witnessed Shah Rukh Khan's triumphant return after five years, along with Sunny Deol's highly anticipated comeback in Gadar 2, thrilling movie lovers. It marked a remarkable year in curated entertainment, where audiences embraced both familiar cinema and explored new territories of live entertainment.
BookMyShow turns profitable; FY23 operating revenue nears Rs 1,000 crore
In FY23, the company posted a profit of Rs 85.72 crore, turning around from the Rs 92.2-crore loss incurred in the previous fiscal year.
National Cinema Day: The 'magic' of silver screen and good storyline thrives in India
A survey conducted by BookMyShow (BMS) reveals that cinema is the most preferred form of leisure among Indians, with 90% of the respondents stating that watching movies in theaters is their go-to option for out-of-home leisure experiences. The survey also highlights the enduring love for movies in India, with 41% of GenZ and Millennial respondents expressing their affinity for the silver screen. The report emphasizes the special place that cinema holds in Indian culture, as it is seen as more than just entertainment, but an experience and a shared passion.
Box-office report: 'Shehzada' disappoints with Rs 7 cr collection on Day 1; 'Pathaan' to break lifetime record of 'Baahubali 2'
Experts are hopeful that the MahaShivratri holiday will improve the Day 2 business of 'Shehzada'.
Justin Bieber's 'Justice World Tour - India' is back! Fans rush to BookMyShow to buy tickets worth Rs 4K
The singer was forced to postpone his US Justice Tour after Ramsay Hunt Syndrome diagnosis.
Cars24 takes the slow lane; Bookmyshow backs D2C marketplace
Cars24 plans to cut its cash burn in half and halt its overseas plans, having already sacked around 700 employees
BookMyShow sees business fast approaching pre-Covid levels
Ashish Hemrajani, founder of the Mumbai-headquartered company, told ET that with the economy opening up, BookMyShow has turned Ebdita (earnings before interest, tax, depreciation, and amortisation) positive.
Expedia, BookMyShow signal revival; new rules to make ecommerce fairer
As for events and movies, BookMyShow said it clocked its highest-ever monthly ticket sales in March 2022. But will the new Xe variant ruin the revival?
Majority of Indian consumers willing to step out for events within 60 days of Unlock 4.0
As per its Covid consumer survey report 2.0, which focuses exclusively on out-of-home live entertainment, 51% of respondents are eager to get out for live events.
Pay cuts, layoffs: Startup morale under lockdown
Over the past 4 weeks, at least two dozen top companies have fired employees and contract staff.
BookMyShow parent’s loss narrows, topline rises
Revenue rose by more than 52% to cross Rs 619 crore for fiscal 2019, up from Rs 406.09 crore in FY 2017-19, as BppkMyShow recorded growth across multiple verticals, including live events, online ticket bookings and software, and turnkey ticketing solutions.
BookMyShow stake sale at $1 billion valuation
The transaction involves a complete exit by SAIF Partners, which holds 5.6% stake, and a partial exit by Accel India, said sources, adding that employees are likely to get liquidity with this deal.
BookMyShow: India’s largest online entertainment ticketing site is looking beyond the box office
Will BookMyShow’s strategy to scale its non-movie businesses prove to be another blockbuster for the e-ticketing platform? Team ET offers a preview
BookMyShow parent clocks 30% jump in revenue, loss widens
The company posted revenue of Rs 391 crore for the year through March 2018, compared with Rs 300.9 crore the year before.
BookMyShow revenue growth rises 30% to come in at Rs 390 crore, pace of growth in losses reduces
ET reported in June that the TPG Growth and Network18-backed firm was looking to increase the revenue share of its non-movie business and grow it to about 50% of the total revenue.
Inox Leisure takes cinemas off BookMyShow; PVR, Cinepolis gain
BMS challenged the termination of the agreement in the Bombay High Court, which asked both parties on September 18 to start arbitration on the matter and reach a decision in four weeks.
PE/VC investments touch $16.9 billion in Jan-Jul: Report
According to EY's private equity monthly deal tracker, PE/VC investments till July 2018 have crossed $16.9 billion, 45 per cent higher compared to the same period last year.
Flipkart’s new loyalty programme to launch on August 15
Flipkart will offer customers digital currency called ‘Plus Coins’ with each order, which can be used on its own platform and on partner platforms like Hotstar, BookMyShow, Zomato, MakeMy-Trip and Cafe Coffee Day.
Can PayPal convince India that there's no bigger deal than security?
Is the 'deals and cashback' spoilt Indian consumer, ready to buy into the 'safe and secure' narrative of American player PayPal?
BookMyShow’s non-movies unit has a new COO
Albert Almeida shall help the firm take the lead in building an ecosystem for theatre, sports, music concerts and other live events.
Ecommerce growth fell 26% in 2017: Forrester Research
The growth was down from 39% in 2016, while between 2013 and 2015, the growth rate was above 100%.
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