PVR to pump Rs 250 crore in next two to three years

PVR to pump Rs 250 crore in next two to three yearsPVR, the multiplex major, plans to spend about Rs 250 crore on the set up of more screens nationwide, in next two to three years.
The company intends to pump about Rs 150 crore in the movie exhibition business, and Rs 100 crore on movie production and bowling alleys brand Blu-O-Rhythm & Bowl.

The firm plans to add about 57 screens across its 10 properties, to grow the total number of screens to 165, compared to the current 108, by the end of this fiscal.

US video game sales plummet in May

US video game sales plummet in May Los Angeles - US video game sales fell by 23 per cent in May to 863 million dollars - the first time since August 2007 that sales fell short of the 1 billion dollar mark.

Purchases of consoles fell 30 per cent from a year earlier, to 302.5 million dollars, while game sales dropped by 17 per cent to 449 million dollars, according to a report released Thursday from market research firm NPD Group.

Reliance Big TV launches “iCricket”

Reliance Big TV launches “iCricket”ADA Group's DTH arm Reliance Big TV has contracted with ESPN, the official broadcasters of ICC T20 World Cup, to launch interactive cricket service "iCricket".

Reliance BIG TV Chief Executive Officer Sanjay Behl said that iCricket service is a part of our efforts to provide best to our subscribers according to their current demands especially during ICC T20 World Cup.

Big TV's iCricket service will offer various options to the viewers so that they can get in-stadium live experience of the match.

Reliance BIG TV launches ‘iCricket interactive Service’

Reliance BIG TV launches ‘iCricket interactive Service’ADA Group's DTH arm Reliance BIG TV has announced the launch of iCricket interactive facility on its DTH platform.

Through this interactive facility, Reliance BIG TV will offer in-stadia live experience of the ICC World T20 matches within the comforts of the customers' own homes.

Recently, the company has tied up alliance with ESPN to offer the ICC World T20 matches on BIG TV's iCricket interactive platform.

Dish TV raises Rs 270 crore; promoters offload 5.8% stake

Dish TVDish TV, Country's no 1 DTH company, has informed that its founders have sold 5.8% stake in the company to raise Rs 270 crore.

Reports suggest that the shares were sold at Rs 49 per share.

According to the company, the raised amount will be used for getting hold of more customers for the next couple of years. DTH companies have to provide discounted packages as the competition is high after entry of Reliance, Sun Direct and Airtel.

It should be noted that, DTH companies subsidize the cost of set top boxes (STBs) so that they can acquire more customers and enjoy economies of scale.

Reliance BIG TV to add 10 new channels

Reliance Big TVWith the aim to expand its channel bouquet, ADA Group's DTH arm, Reliance Big TV has decided to offer 10 new channels to its subscribers.

According to sources, the company will make these channels available on its platform form June 1, 2009.

Sources further reported that Reliance Big TV will add up 10 new channels in its bouquet, which includes international channels like Korea's KBS and Turner International's WB, and regional channels like DD Podhigai (Tamil), NE TV (Telugu), India Vision (Malayalam), Star Jalsa (Bangla), Star Pravah (Marathi), Mahua (Bhojpuri), DD Kashmir

Dish TV to raise $200 million through FCCB

dish tvDish TV, India's largest direct-to-home service provider by customers, has decided to raise $200 million by way of foreign currency convertible bonds (FCCB).

The company already received nod from its board of directors for raising long-term funds by way of issuance of FCCBs for an amount not exceeding $200 million.

The latest announcement is in addition to Rs 1100 crore, which the firm is raising in a three-part rights issue. So, this way the company will raise about Rs 2,000 crore in all.

A company official informed that the raised money will be utilized for customer acquisition for the next two years.

Entertainment Network (India) Ltd Results Analysis: Nirmal Bang

Entertainment Network (India) LimitedEntertainment Network (India) Limited (ENIL) operates FM radio broadcasting stations through the brand Radio Mirchi in 32 Indian cities and is headquartered in Mumbai. ENIL has a wholly owned subsidiary, Times Innovative Media Limited (TIM), through which it operates its out-of-home media brand Times OOH and experiential marketing brand 360 Degree Experience. Its promoter, Bennett, Coleman & Co. Limited (BCCL), is the flagship company of The Times Group, which has a heritage of over 150 years and is one of India's leading media groups.

11.4 million viewers watched grand finale of IPL-2

IPL-2On Sunday, 11.4 million viewers across the world have enjoyed exciting final of the IPL-2 on their TV sets.

In the final match, Deccan Chargers beat Royal Challengers with a margin of 6 runs.

TVR ratings for the IPL-2's final were down to 8.3 as compared to 8.8 of last year final. IPL-1's final was played between Rajasthan Royals and Chennai Super Kings which tuned in 8.6 million people to their TV sets.

As reported by release, total FCT (free commercial time) secondage was at 1.41 lakh, up 13 % and cumulative eyeballs (Top 6 metros, C&S4+) increased 20 per cent.

Adlabs Cinemas to launch its first multiplex in Chicago

adlabsAdlabs Cinemas, one of India's largest motion picture exhibitors and part of the Reliance ADA Group, has decided to launch its first multiplex in Chicago this Friday.

The launch is treated as a part of Big Cinema's strategy to actively promote and ensure better reach of Indian movies.

According to company officials, the multiplex, Adlabs Cinemas-Golf Glen, which is located in Niles, Chicago, will have 5 screens and a premium lounge. The multiplex will screen a mix of Hollywood, Indian, Polish and Korean films and, will have stadium seating to enable live telecasts of cricket matches and other events.

Bharti Airtel launches two new entry packages for Digital TV

Bharti Airtel launches two new entry packages for Digital TVTwo new entry packages for Digital TV, Bharti Airtel’s direct-to-home (DTH) service have been recently launched. The new packages announced by the foremost telecom service provider are priced at Rs.1,850 and Rs.2,000.

Both packages – valid from May 1, and are available all over the country - offer a three-month free subscription to various channels and interactive services. For customers opting for either of the two packs, there also lies the option of shifting their pack choices, after completing the three-month period of free preview.

Bharti Airtel inks ‘Multi-Million Dollar’ contract with Manchester United

Bharti AirtelBharti Airtel, India's largest mobile services firm, has signed a five-year, multi-million-dollar content partnership deal with Manchester United, the world's second-richest football club after Real Madrid.

The latest partnership with The Red Devils (nickname of the football club) will give exclusive access to Airtel's 9.40 crore subscribers across India, Sri Lanka and Seychelles for United's football content over mobile.

In addition, Airtel users will also get an opportunity to participate in the Manchester United Soccer Schools (MUSS) programme, which is currently operated by Manchester United Merchandising.

Reliance Big TV in talks with overseas firms; to offer new global channels

Reliance Big TV in talks with overseas firms; to offer new global channelsReliance Big TV, the (DTH) arm of the Anil Dhirubhai Ambani Group, is all set to sign deals with Fox, Warner Brothers and Korean Broadcasting to bring global channels in India.  

On finalization of deal, Big TV will introduce five global channels of Fox and one global channel each of Warner Bros and Korean Broadcasting. The name of these channels includes Fox Adventure, Fox Crime, Fox FX, Fox History, Nat Geo Music, Warners WB Movies and KBS World.

BPO for media space initiated by Ambani Group’s Adlabs Films

BPO for media space initiated by Ambani Group’s Adlabs FilmsA Business Process Outsourcing (BPO) unit for the media space has been initiated by the Reliance Anil Dhirubhai Ambani Group's cinema and entertainment services company - Adlabs Films. The BPO, announced by the company on Thursday, will abide by the Motion Pictures Association of America Standards.

Revenue-sharing talks between film producers and multiplex owners collapse!

Revenue-sharing talks between film producers and multiplex owners collapse!Whatever little hopes that the Tuesday meeting between film producers and multiplex owners had ignited were dashed to the ground, with neither of the two groups - involved in dead heat over the box office revenue-sharing issue - prepared to budge from its resolute stand.

Disney profits plunge 46 per cent

Disney profits plunge 46 per centLos Angeles - Entertainment conglomerate Disney saw second quarter profits plunge by 46 per cent, the company said Tuesday.

Citing restructuring charges, declining DVD sales and a drop in advertising, Disney said it earned 613 million dollars in the quarter compared to 1.13 billion dollars a year ago.

Revenue fell 7 per cent to 8.1 billion dollars from 8.71 billion dollars in the year ago quarter. Disney's parks and resorts saw a 12 per cent drop in revenue, while the studio entertainment division saw sales down 21 per cent.

Videocon to launch its DTH Services D2H from May 1

Videocon to launch its DTH Services D2H from May 1After 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 posts disappointing results; Q4 net profit dips 51%

UTV Software posts disappointing results; Q4 net profit dips 51%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.   

Hollywood puts RealDVD to test in court; Judge asks public to leave

RealNetworksThat 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 inks pact with Seventymm for online payment

ItzCash Card inks pact with Seventymm for online paymentItzCash 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.

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