Meta’s Muse AI not amusing experts; data privacy concerns raised 
Govt. body to examine ‘Satluj’ issue for future course of action 
Govt says security concerns led to directions to Z5 on ‘Sutluj 
DPOs seek to pare payout to b’casters amid revenue challenges 
Indian Govt. to summon Meta over Insta CSAM ads allegations 
Amazon Leo brings satellite internet to South Africa 
The Batman Part II’ first look revealed 
Netflix focuses on viewer engagement 
Prabhas’ ‘Fauzi’ gets December 3 release 
Network18 Q1 revenue up 10.3 percent to Rs.516 crore 
Lakshmikumaran and Sridharan provided legal counsel to Divo TV Private Limited (‘Divo TV’) and its promoters, assisting them in reaching an agreement to sell a stake to Warner Music India Private Limited (‘Warner Music).
The agreement also included a primary subscription by Warner Music, as a result of which Warner Music will become Divo TV’s majority shareholder.
On deal structuring, documentation, and negotiations, we assisted and advised Divo TV and the promoters.
As per a press note, Divo provides brands, celebrities, and movies with online video, music distribution, publishing, and digital and influencer marketing solutions.
It has collaborated with record labels, artists, and musicians to help distribute and monetize content across digital platforms, radio stations, and television stations.
Divo released over 30,000 songs last year, with a strong presence in the Tamil market and a fair share of the Kannada, Malayalam, and Telegu music industries.
The LKS Corporate and M&A team was led and supervised by Sudish Sharma (Executive Partner) and included Noorul Hassan (Partner) and Kumar Panda (Senior Associate).
