ICICI Securities has reiterated its BUY rating for PVR Inox, with a target price of Rs 2,250, reflecting a 39% upside from the current market price of Rs 1,621.

After a delay of nearly one and–a half-year, Diversified group Videocon has finalized May 1 as commercial launch date of its DTH Services.

Giving information regarding latest venture, a company official said, the platform has been named "D2H" and will be offered through its subsidiary Bharat Business Channel Ltd (BBCL), which is a media arm of Videocon Group.

The company with the launch of its service will become sixth DTH operator in the market, along with Dish TV, Tata Sky, Airtel, Big TV and Sun TV.

UTV Software, the media and entertainment firm, has reported negative growth of 51% in its Net profit to Rs 13.22 crore for the quarter ended March 31, 2009, against Rs 27.07 crore.

However, its total income surged by 7% to Rs 20.87 crore, as against Rs 19.41 crore in the same quarter previous fiscal.

The company, for the year ended March 31, 2009 has posted a net profit (after tax) of Rs 101 crore, registering a growth of 30%, against Rs 77.70 crore in the same period last fiscal.   

That RealNetworks' last September-launched product RealDVD is in troubled waters is obvious - it is being tested in court, as lawyers arguing for the Hollywood studios alleging that RealNetworks violated copyright law!

The sale of the $30-priced RealDVD, which could copy retail DVD content onto one hard drive and up to five devices, was blocked by a federal Judge, after only a few thousand sales, as Hollywood raised objections against it.

ItzCash Card, India's first multipurpose pre-paid cash card, has entered into an alliance with Seventymm to facilitate the online payment of movie rental services.

Both partners believe that latest service will bring in convenience to the viewers to register and rent movies in various languages from the comfort of their home.

Under the facility, viewers are given the option of renting the movies from an exhaustive collection of 20,000 movies by using ItzCash Card.

UTV New Media, a digital arm and subsidiary of UTV, has announced the launch of India's first mobile music video channel 'UTV@Play'.

According to the company, the facility is accessible by consumers with mobile accounts with Vodafone, BSNL, MTNL and Idea and users can download the application to access the content from a WAP portal.

The mobile channel is an extension of internet portal UTV@play and costs Rs10 per day or Rs 30 per month. UTV already offers a mobile service of its Bindass channel.