Fast-moving consumer goods firm Marico has agreed to acquire a 93.27% stake in Zea Maize, which owns snacking brand 4700BC, from PVR Inox for up to ₹226.83 crore, the companies said on Monday. 4700BC founder Chirag...
Lionsgate sells Lionsgate Play in South, SE Asia to Rohit Jain in up to $30 million deal
Content studio Lionsgate has sold its over-the-top (OTT) streaming business, Lionsgate Play, in South Asia and Southeast Asia to Rohit Jain at an estimated deal value of up to $30 million, people aware of the terms told...
Banijay, owner of Big Brother franchise, and All3Media in talks to merge TV production businesses: Report
French media production company Banijay Group, widely known for owning the “Big Brother” franchise, is reportedly in talks with RedBird IMI, the owner of All3Media, to merge their television production businesses...
Warner Bros rejects revised Paramount bid, sticks with Netflix
Warner Bros Discovery’s board unanimously turned down Paramount Skydance’s latest attempt to acquire the studio, saying its revised $108.4 billion hostile bid amounted to a risky leveraged buyout that...
Universal Music acquires 30% stake in Excel Entertainment
In one of the largest deals in the Indian film entertainment business, the India unit of Universal Music Group (UMG), world’s largest music label, has acquired a 30% stake in Farhan Akhtar and Ritesh...
Standard General in talks to invest in Warner Bros Discovery networks, FT says
Soo Kim, founder of New York hedge fund Standard General, has been in talks over potentially buying or investing in the Warner Bros Discovery television networks, the Financial Times reported on Thursday. Standard...
Warner Bros Discovery rejects Paramount’s hostile takeover bid, calls merger with Netflix ‘superior’
Warner Bros Discovery on Wednesday, 17 December, rejected a hostile takeover bid from Paramount, launched last week, which was aimed at derailing plans by streaming giant Netflix to acquire the Hollywood studio and...
Dharma Productions buys out Cornerstone stake in talent venture, rebrands agency as DCAA
Dharma Productions has acquired Cornerstone’s stake in its talent management arm, Dharma Cornerstone Agency. The film production and distribution company is jointly owned by Karan Johar and Adar Poonawalla. The Economic...
Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say
Warner Bros Discovery’s board could announce a decision as early as Wednesday on Paramount Skydance’s $108.4 billion takeover bid, with the board likely to advise shareholders to vote against the offer...
MediaKind to acquire Harmonic’s video business for $145 million
MediaKind said it has entered into an agreement to acquire the Video Business of Harmonic Inc. for about $145 million, a move that will create one of the largest independent SaaS streaming-infrastructure providers...
Will the Netflix-Warner Bros. merger go through?
Warner Bros. Discovery announced on Friday that it intends to sell its major assets to Netflix. If the $72 billion cash-and-stocks transaction goes through, Netflix will gain control of Warner Bros. Pictures, DC...
Broadcaster Sinclair builds stake in rival Scripps, presses for merger
U.S. broadcaster Sinclair on Monday disclosed an 8.2% stake in smaller rival E.W. Scripps and said it has been in talks for months about a deal that would combine the companies. Shares of Cincinnati-based Scripps jumped...
