The Information and Broadcasting ministry on Thursday made public the recommendations of the Bimal Julka-led expert committee’s report on rationalisation, closure and merger of film media units, seven months after it...
SC upholds NCLAT order for Devas Multimedia liquidation
The Supreme Court on Monday dismissed an appeal by Devas Multimedia Pvt. Ltd and parent Devas Employees Mauritius Pvt. Ltd against the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal...
Blackstone-backed Candle Media acquires Faraway Road Productions
Blackstone-backed Candle Media is buying Faraway Road Productions, the Israeli studio behind popular Netflix series “Fauda” and the upcoming feature film “Siege of Bethlehem,” continuing a media industry buying...
WarnerMedia, ViacomCBS exploring possible sale of CW Network – WSJ
T&T Inc’s WarnerMedia and ViacomCBS Inc are exploring a possible sale of a significant stake or all of the CW Network, which they jointly own, the Wall Street Journal reported late on Wednesday, citing people...
Getty Images to return to public markets in near $5 bln SPAC deal
Getty Images said on Friday it would merge with a blank-check firm backed by Neuberger Berman in a deal that values the supplier of stock photos and videos at about $4.8 billion, including debt, marking its return to...
Twitter acquires Slack-like company Quill to improve messaging tools
Twitter Inc said on Tuesday it acquired Slack competitor Quill to help the social networking company improve its own messaging tools. The acquisition comes as Twitter recently named a new chief executive Parag Agrawal...
Pocket FM raises $22.4 million in Series B funding round
Audio-based over-the-top (OTT) platform, Pocket FM, has raised $22.4 million as part of its Series B funding round led by Lightspeed, the company said on Monday. The Series B round also saw participation from Times...
UK competition regulator orders Facebook to sell Giphy
The UK’s Competition and Markets Authority (CMA) has asked Meta (formerly Facebook) to sell GIF database and search engine Giphy, a company that Meta acquired about a year and a half ago. The competition regulator said...
India’s Bharti Airtel in talks to buy majority stake in Dish TV – report
Indian telecom operator Bharti Airtel Ltd is in early talks to buy a majority stake in broadcast satellite service provider Dish TV India Ltd, financial daily Mint reported on Thursday, citing people familiar with the...
Cathie Wood’s ARK buys a million Twitter shares after Dorsey steps down
Cathie Wood’s ARK Investment Management bought more than a million shares of Twitter Inc, a day after Jack Dorsey stepped down as the chief executive of the social networking site. ARK acquired 1.1 million Twitter...
Storytel enters the U.S. with acquisition of Audiobooks.com
Swedish audiobook streaming group Storytel said on Friday it had agreed to buy Audiobooks.com from investment firm KKR, marking its entry into the U.S. market. The acquisition will be financed through existing funds and...
Spotify bolsters audiobooks business with Findaway buy
Spotify on Thursday made a major push to have more audiobooks on its platform by buying U.S.-based audio tech company Findaway as it tries to recreate its success with podcasts. Findaway, which has partnerships with...
