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With string of Hollywood hits, Warner Bros. Discovery sees highest ever box office collections in India, says country head Arjun Nohwar
The media conglomerate is unique as it straddles 5 different businesses - more than any of its global peers present in the country. Its largest vertical is the network operations that beams 19 feeds or channels. The second vertical is the streaming platform, discovery+ , third is the theatrical business that releases, markets and distributes Warner Bros. and Universal Studios movies, while the fourth is the TV distribution and licensing business that licenses shows to OTT players like Jio Cinema. Merchandising or Consumer Products, and Gaming is the smallest but fast growing vertical.
Delhi HC accepts Reliance Ent's profit sharing undertaking for Netflix film 'Amar Singh Chamkila'
Reliance had offered an undertaking – the commitment includes the deposit of a fixed commission of 2% from the licensing fee, to be deducted from the final tranche Reliance receives from Netflix, and 50% of the profits generated by the film Amar Singh Chamkila, Justice Sanjeev Narula said in his order last week.
Reliance to buy 13% of Paramount's stake in Viacom18 for Rs 4,286 crore
Reliance Industries has agreed to purchase Paramount Global's 13.01% stake in Viacom 18 Media for about Rs. 4,286 crore, as reported in a regulatory filing by RIL. This acquisition will increase Reliance's equity stake in Viacom18 to 70.49% on a fully diluted basis, up from the current 57.48% held via Compulsorily Convertible Preference Shares.
Viacom18-Star merger may face intense CCI scrutiny
The proposed merger between Viacom18 and Star India is likely to face scrutiny from the Competition Commission of India (CCI) due to their significant market shares in the TV and streaming segments. The CCI might order divestment of channels and conduct a detailed investigation.
Tech giants expanded India's video revenues to $8.8 billion in 2023: report
In a report from Media Partners Asia, tech giants like YouTube, Meta, Netflix, and Amazon have significantly expanded India's video revenues. In addition, India's pay-TV market faces value risk as it transitions to connected TV, necessitating consolidation through M&A for industry incumbents to achieve scale, profitability, and competitiveness.
Mukesh Ambani cements India media dominance with Disney merger
Indian billionaire Mukesh Ambani's Reliance Industries and Walt Disney Co. sign an $8.5 billion agreement for a merger, forming a dominant media giant in India. Reliance controls over 60% of the new entity, securing a powerful position in India's entertainment market. The joint venture gains exclusive rights to distribute Disney content in India and marks a significant boost for Reliance's streaming platform, Jio Cinema
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Reliance Tata Deal: Ambani's RIL may buy 30% Tata Play stake from Disney to strengthen television distribution & JioCinema
Reliance Industries is reportedly in talks to acquire a 29.8% stake in Tata Play, a subscription-based satellite TV and video streaming service, from Walt Disney. The potential deal would strengthen Reliance's presence in India's television distribution sector and expand the reach of its streaming platform, JioCinema. Tata Play, owned by Tata Sons and Temasek, faces competition from Netflix, Hotstar, JioCinema, and Amazon Prime.
Zee needs strategy shift to survive after Sony merger plan crumbles
A Zee-Sony India merger would have created a media powerhouse in the world's most populous nation with 90-plus channels across sports, entertainment and news segments, which, India's antitrust body at one time said could have "un-paralleled bargaining power" when backed by Sony's global reach.
ZEEL spent Rs 366.6 crore on compliances for its merger with Sony
Zee Entertainment Enterprises Ltd (ZEEL) incurred Rs 366.59 crore in compliance expenses for the failed merger with Sony until September 2023. The deal was called off due to a stalemate over leadership and other conditions. Sony Group Corp terminated the USD 10 billion merger, seeking USD 90 million as break-up fees.
Sony-Zee merger deal hits a dead end: Sony confirms termination of $10 bn deal with Zee Entertainment
Zee-Sony merger: Sony on Monday confirmed sending termination notice to Zee Entertainment, ending proposed $10 billion merger in India. The merger aimed to create the largest media giant in India. Sony and Zee had signed definitive agreements in December 2021, but the merger remained incomplete due to regulatory investigation and legal suits. Sony served the termination notice after the End Date passed and the parties failed to agree on an extension. The termination notice was issued on January 22, 2024.
Sony is planning to call off $10 billion merger with India’s Zee
Sony Group is set to cancel the merger pact of its India unit with Zee Entertainment Enterprises Ltd. due to a standoff over whether Zee's Chief Executive Officer Punit Goenka, also its founder's son, would lead the merged entity. The agreement signed in 2021 was that Goenka would lead the new company, but Sony no longer wants him as CEO amid a regulatory probe.
COAI asks Govt to push LTGs to share 5G infra costs with telcos
The COAI white paper added that with digital convergence happening rapidly across sectors, especially with 5G, 5G+ and aspirations for a 6G future, even more bandwidth-heavy applications and services would emerge and drive up investments in network infrastructure, which telcos can’t bear alone. “Thus, there is an unavoidable need for a fair-share mechanism that ensures equitable contributions from the entities benefitting from the burgeoning app economy,” the association said.
Sony-Zee merger: Sony yet to agree to a deadline extension to create $10 billion media behemoth
Sony has not yet agreed to an extension deadline for its merger with Zee. Eager to hear Zee Entertainment's strategies, Sony anticipates solutions to meet pending closure criteria. Zee's plea for an extension, citing the impending December 21 deadline, prompted Sony's recent statement on the matter.
Why the birth of a $10 bn media & entertainment behemoth still buffering up
A merger deal between Japan's Sony group's Indian arm (Culver Max Entertainment) and Zee Entertainment Enterprises that will create a $10 billion media giant faces obstacles. The merger's deadline, originally set for December 21, 2023, may be delayed by several months as Zee requests Sony for an extension. The merger deal was inked on December 22, 2021.
A Disney-Reliance India entertainment merger may be beset with antitrust headaches
Reliance-Disney Deal: A merger between Walt Disney's India division and Mukesh Ambani's media enterprise could form a strong entertainment giant in India. However, legal experts suggest the merger might face intense antitrust scrutiny. The merger could require shedding assets. Disney and Reliance, both with significant streaming services and a total of 120 TV channels, are reportedly considering a merger where Ambani's group would probably hold the majority stake.
Reliance, Disney to sign off on India media merger next week
Ambani’s retail-to-refining conglomerate will infuse money to hold at least 51% of the merged entity if the deal goes through, the people said, asking not to be named as the information is not public. Disney will hold the rest, they added, in what will be one of the largest media behemoths in India.
Sony-Zee merger risks collapse ahead of deadline over CEO drama
Zee-Sony merger: The much-awaited merger between Sony's India unit and Zee Entertainment hangs in the balance, facing a critical juncture next week. The companies must swiftly resolve leadership conflicts and finalise merger details; otherwise, the prospects of $10 billion media giant may vanish as a looming deadline approaches on Dec. 21.
Government firm on net neutrality as telcos look for 5G leeway
The government is also likely to ask both service layer apps as well as telecom companies to work together to find a solution that does not impact connectivity for the average user, an official said.
Inside the subsea cable firm secretly helping America take on China
Over the next month, the ship's crew covertly laid an underwater fiber-optic cable to the military base, an operation code-named "Big Wave," according to four people with direct knowledge of the mission, as well as a Reuters analysis of satellite imagery and ship tracking data.
India will pip China as largest international market for Walmart this year; Disney+ Hotstar to suffer without HBO content
Walmart has been operating in China since 1996 but for the first time India is poised to emerge as the largest international market for the retail giant this year, a top company executive said.
Twenty Three for 2023: 23 ‘boats’ that must rise this year for India’s economy to weather the storm
There are a few things that India needs to be in its favour if it has to successfully navigate the gathering global storm.
Reliance’s answer to Nykaa; gaming startups write to FM
Two startups that Reliance acquired in the past three years, Fynd and Netmeds, are working together on the conglomerate’s omnichannel beauty platform rivalling Nykaa.
Tata super app delayed again; Amazon tells CCI it didn't hide facts
In September we reported that Tata Digital's 'super app' was on hold till there was clarity on India's ecommerce rules. Now, sources have told us the much-delayed app is likely to be launched in March 2022.
Startup founders write to PM Modi
The who’s-who of India’s startup ecosystem, including founders and investors, have urged the government to allow Indian companies to directly list overseas.
ETtech Morning Dispatch on March 4, 2021: NUE world order
Here's a look at the top tech news to start your day.
Q3 earnings, macro data, crude price to guide stock market in week ahead
Sensex advanced 315 points or 0.88% and Nifty inched up 68 points or 0.63% last week.
Why India Inc’s biggest play next year will be by Mukesh Ambani, from connectivity, content to commerce
Everything Mukesh Ambani touches turns into gold. But next year could see a kind of sway never seen before.
Netflix to invest in several avenues to expand its presence in India
Neflix on Monday announced that its service will now be available on the DTH platforms of Bharti Airtel and Videocon.
Telcos to offer better plans to counter Jio: Bharti Airtel
"Tariffs that they (Jio) have announced are still very aggressive. You have to throw in more data. All those things need to be done," Bharti Airtel Chairman Sunil Mittal said.
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