The Mumbai bench of the National Company Law Tribunal (NCLT) has sanctioned the scheme of arrangement between cinema chains PVR and Inox Leisure. The written order is expected to come out in the next few days. “We...
Warner Bros Discovery explores sale of music library – FT
Warner Bros Discovery Inc is exploring a sale of its music library that could be valued at more than $1 billion, the Financial Times reported on Thursday, citing people familiar with the matter. The company is looking...
China’s NetEase buys Halo co-developer SkyBox Labs in global expansion drive
NetEase Inc said it had acquired Canadian gaming studio SkyBox Labs, best known for co-developing hits including Halo Infinite and Minecraft, as China’s second-largest video games firm steps up a global expansion effort...
GMR Sports in talks to buy gaming startup Fantasy Akhada
Fantasy gaming startup Fantasy Akhada is in talks to sell a significant stake to GMR Sports, a GMR Group entity, at a valuation of $160-175 million ( ₹1,300-1,400 crore), four people aware of the development said. The...
Artistes’ body files insolvency plea against ZEEL claiming Rs 211 crore dues
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...
