industry news - Indian Broadcasting World

SPNI acquires rights for Athletics Championships

Sony Pictures Networks India (SPN) has acquired the media rights for the World Athletics Championships Oregon22, which is scheduled from July 15 – 24, 2022, in Eugene, Oregon, United States. As per the company, this deal will give SPN rights to broadcast the upcoming edition of the World Athletics Championships on its sports channels across Indi...

Shemaroo Entertainment appoints Arghya Chakravarty as COO

Shemaroo Entertainment, a leading M&E player, has appointed Arghya Chakravarty as a chief operating officer (COO). Earlier, Kranti Gada served as the COO in transforming the organization from a B2-B entity to a successful B2C brand. She will now pass on the baton to Chakravarty and become the president, new business opportunities. C...

GTPL Hathway reports revenue of Rs. 6,454 mn in Q1 FY23

India's largest MSO, GTPL Hathway, on Thursday reported revenue of Rs. 6,454 million in Q1 FY23 ending June 30. Profit after tax stood at Rs. 433 million

The consolidated revenue of Rs. 6,454 million showed a growth of 10 percent year-on-year, YoY.

S...

Balaji Telefilms appoints Abhishek Kumar as group CEO

Balaji Telefilms announced the appointment of Abhishek Kumar as group chief executive officer, according to regulatory filings. Kumar comes with over two decades of experience in business strategy, M&A, operations, and investing in technology and media. He moves on from Jupiter Capital, wherein he was working as the COO and general partne...

Twitter sues Elon Musk for cancelling deal

Twitter sued Tesla CEO Elon Musk on Tuesday, trying to force him to complete his $44 billion takeovers of the social media company by accusing him of “outlandish” and “bad faith” actions that have caused the platform irreparable harm and “wreaked havoc” on its stock price. Back in April, Musk pledged to pay $54.20 a share for Twitter, which a...

India SVOD revenue to reach $2.7 bn by ’26: GlobalData

The subscription video on demand (SVOD) service revenue in India is expected to grow at a compound annual growth rate (CAGR) of 15.5 percent from $1.3 billion in 2021 to $2.7 billion in 2026, driven by solid growth in SVOD subscriptions and an increase in unique SVOD household penetration, according to GlobalData, a ...

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“This initiative will empower subscribers to pay online and subscribe to the channels they want to watch and get it activated on their TV sets in real-time without any delay. Without needing to undertake any software development, LMOs can approach Mobiezy for their pre-built and pre-integrated solution that uses NXTDigital’s news APIs and can be up and running with their own mobile apps within just a few days.”

RU Ediriwira, Group CTO, NXTDigital Limited

“With the launch of Partnership for Growth 3.0 we intend to expand our network with 40 new NXTHUBs, each offering up to 650 live TV channels and broadband. Our efforts are focused on harnessing the convergence of technologies, developing robust apps and creating new business models that will help the overall ecosystem, delivering the best experience to our subscribers. We hope to achieve a stronger foothold in the rural regions of the country and grow our subscriber base.”

N.K. Rouse, COO, NXT Digital Ltd

“One of the key principles of the Hinduja Group is ‘Partnership for Growth’. After 2.0 saw the launch of HITS to connect LMOs in even the most remote locations through the only satellite-based cable TV platform in India; 3.0 focuses not just on strengthening the overall ecosystem we have built, but harnessing the convergence of technologies – to be delivered through a national network of NXTHUBs. Video and broadband are only the beginning of the digital highway of services that we have developed for roll-out backed by a robust suite of innovative apps developed by service providers exclusively for our LMOs and subscribers.”

Vynsley Fernandes, MD & CEO, NXTDigital Limited

“Wireline broadband is becoming ever more important not only in connecting homes across the country but also small to large enterprises-to the digital economy. The NXTHUBs will be the perfect point-of-presence to offer broadband services to cater to these consumer needs.”

Yugal Kishore Sharma CEO, ONEOTT Intertainment Limited

Amazing and grim battle for survival. Guess it will end up in Supreme Court. All that NCLT asked Zee to do was to file a reply to Invesco petition for a EGM. Now this is getting too serious. So far Invesco has been hammered for demanding an EGM. What is Zee upto? Ofcourse my lawyer community knows better!