Germany’s Turtle Entertainment GmbH, which operates e-sports tournaments under the ESL brand, has invested Rs26 crore in Nazara Technologies Ltd in exchange for a 1.75% stake. Turtle Entertainment owns over a dozen e...
Alibaba leads $1.24 billion investment in film unit of China’s Wanda
Dalian Wanda Group is selling a $1.24 billion stake in its listed film business to a pair of investors led by Alibaba Group Holding Ltd (BABA.N), as the conglomerate looks to bring in strategic partners and raise new...
TV18 becomes majority shareholder in Viacom18 at a valuation of $2 billion
In a move that will leverage deeper synergies for Reliance Jio, Mukesh Ambani-owned TV18 BroadcastBSE -2.43 % has decided to increase its shareholding in the equal joint venture Viacom18 Media. TV18, which currently...
Star India drops plans for IPL ad inventory sale to Sandeep Goyal
Star India has shelved its plan to sell the bulk of the Indian Premier League (IPL) advertising inventory to Sandeep Goyal, owner of Mogae Media, amid alleged resistance from rival agencies seeking to market the hottest...
Joint Venture firm to invest Rs 100 crore in entertainment sector in South India
A joint venture of brand consultant and infrastructure firm is planning massive investment in the entertainment sector in South India. This includes production and distribution of films and setting up a series of...
Rupert Murdoch’s Fox looking to buy 10 Sinclair TV stations, says report
Rupert Murdoch-controlled Twenty-First Century Fox is looking to finalize a deal to buy about 10 television stations from Sinclair Broadcasting Group, the Financial Times reported on Wednesday. Sinclair is selling the...
Discovery partners with Netflix for online distribution of new channel Jeet
Infotainment major Discovery will foray into mass entertainment with a new channel, Jeet, next month. Shows on the Hindi general entertainment channel, also to be broadcast in Tamil and Telugu, will not be restricted...
I&B ministry plans to merge film units
The information and broadcasting (I&B) ministry is planning to merge all four of its film units—National Film Development Corp. (NFDC), Children’s Film Society India (CFSI), Directorate of Film Festivals (DIFF) and...
Fox TV producers offered assurances ahead of Disney merger
Walt Disney Co (DIS.N) executives have voiced support for the Fox television studio’s adult-oriented programming and development is continuing as usual while a proposed merger undergoes regulatory review, Fox executives...
MovieTime cinemas to invest Rs 125 crore on expansion
At a time when single-screen theatres are shutting down and the movie exhibition industry is witnessing a wave of consolidation among four top players, relatively smaller budget cinema chain, MovieTime Cinemas has...
China’s Fosun is said to explore sale of Hollywood studio stake
Fosun Group, backed by billionaire Guo Guangchang, has explored options for its stake in Hollywood production house Studio 8 Inc. including a sale, according to people familiar with the matter. The insurance-to...
Sachin Tendulkar-backed Smaaash Entertainment raises Rs90 crore from HNIs
Sachin Tendulkar-backed sports-based entertainment company Smaaash Entertainment Pvt. Ltd has raised Rs90 crore in funding, it said in a statement on Thursday. The amount was raised from high net-worth individual (HNIs)...
