The Indian Performing Right Society (IPRS) has filed a petition against Zee Entertainment Enterprises Limited (ZEEL) in the National Company Law Tribunal (NCLT) claiming default of `211.4 crore in music royalty payments...
AMC abandons talks to acquire bankrupt Cineworld’s theaters
Cinema chain AMC Entertainment Holdings said it was no longer in talks to acquire some theaters owned by now bankrupt Cineworld Group following initial discussions with some lenders. AMC said the earlier talks were...
Disney buys MLB’s stake in streaming firm BAMTech for $900 mln
Walt Disney Co disclosed that it has taken full control of BAMTech, a video-streaming firm spun off from Major League Baseball’s digital media company MLB Advanced Media. Disney earlier this month purchased the...
Seasoned investors pick stake in Dish TV
Top investors, including one managing late Rakesh Jhunjhunwala’s family office and a few larger foreign funds, are betting on Dish TV India Ltd after chairman Jawahar Goel stepped down from the board of the country’s...
Shareholders of PVR approve the proposed merger with Inox Leisure
PVR on Wednesday said its shareholders had approved the proposed merger with Inox Leisure. PVR had convened a meeting of its shareholders on Tuesday following the directions of the Mumbai bench of the National Company...
Yes Bank vs Dish TV: Bombay HC asks NCLT to expedite hearing
The Bombay High Court on Friday directed the National Company Law Tribunal (NCLT) to expeditiously hear an application filed by Yes Bank, wherein it has sought the tribunal’s direction to Dish TV to convene an...
Universal Music India acquires majority stake in talent management firm TM Ventures
Universal Music India (UMI), a division of Universal Music Group (UMG), has acquired a majority stake in TM Ventures for an undisclosed amount. With the deal in place, UMI and TM Ventures will work across its talent...
CCI rejects complaint against proposed merger of multiplex chains PVR, INOX
The Competition Commission of India (CCI) on Tuesday rejected a complaint against the proposed merger of multiplex chains PVR and INOX Leisure, saying apprehension of likelihood of anti-competitive practices by an...
Cineworld files for bankruptcy in bid to cut $5 billion debt
Cineworld Group Plc filed for bankruptcy in Texas in an effort to tame its $5 billion debt pile. The UK-based movie theater chain, which draws most of its revenues from the US after the acquisition of Regal Cinemas in...
ZEE-Sony merger – drop in market share to help get CCI approval
The Competition Commission of India (CCI) has raised some queries regarding the proposed merger of Sony Pictures Networks India (SPN) and homegrown media network Zee Entertainment Enterprises(ZEE), as per a media report...
Sony to buy mobile game developer in push beyond consoles
Sony Group Corp said it will acquire Helsinki and Berlin-based mobile games business Savage Game Studios for an undisclosed amount as part of a major push by the Japanese conglomerate beyond console gaming. Sony’s...
Non-profit group approaches CCI against proposed PVR-INOX Leisure merger
Non-profit group CUTS has filed a complaint against the proposed merger agreement between multiplex operators PVR and INOX Leisure, alleging that the deal will have anti-competitive effects on the film exhibition...
