Reliance Big aims at US Mobile content market

Reliance Big aims at US Mobile content marketIn its most recent effort to expand into the United States, Indian conglomerate Reliance ADA Group’s media and entertainment division is launching Jump Games U.S.A., a publisher and developer of mobile video games.

Reliance Big Entertainment said on Wednesday that Jump Games is “aggressively looking” to buy mobile content licenses and brands for distribution to mobile phones across the world.

Chinese broadcaster appeals to be put back on the air

New Tang Dynasty TV (NTDTV)Brussels  - New Tang Dynasty TV (NTDTV), a Chinese television broadcaster critical of the authorities in Beijing, on Thursday urged Eutelsat, a French-based satellite provider, to resume its transmissions to China.

"We are all familiar with the stories that companies like Yahoo and Cisco are assisting the (Chinese) regime on their internet blockage. Now, it looks like Eutelsat is willing to follow suit," said Jenny Fang, NTDTV's director of corporate relations, at a press conference in Brussels.

Eutelsat stopped NTDTV's broadcasts to China on June 16 citing technical problems.

TV presenter apologizes for off-camera expletive

MediaCorpSingapore - A television presenter has apologized for uttering an expletive during an episode of an Olympics news programme, MediaCorp said on Wednesday.

Jade Seah, who thought her microphone was switched off as she was off-camera, said the expletive after stumbling over the pronunciation of an athlete's name.

"I sincerely hope viewers will give me a chance to improve," said Seah.

The 25-year-old Seah continues to co-host the programme Today In Beijing.

Balaji Telefilms ends alliance with Star Group

Balaji Telefilms Ltd. has finally decided to end the four-year old association with Star group.
Under the termination agreement, the founders of Balaji Telefilms will buy the entire 25.99% stake held by Asian Broadcasting FZ, LLC, in the Indian media company at Rs 190 per share within eight months, failing which Asian Broadcasting can sell these shares to any non-competing entity.

At the agreed price of Rs 190 per share, which represents a premium of 9.8 per cent over the current market price, ABF's holding would be worth Rs 322.01 crore.

In August 2004, Star Group through an affiliate Asian Broadcasting (ABF) had paid some US$26.5 million for picking 26% stake in Balaji Telefilms.

UTV Software’s arm picks 80% stake in US-based True Games

UTV Software’s arm picks 80% stake in US-based True GamesUTV Software Communications Ltd has informed that its UK based wholly owned subsidiary christened 'IG Interactive Entertainment Ltd (IGI)' has acquired 80% stake in True Games Interactive, a California based corporation for an undisclosed amount. The latest move by UTV Software is in line with the business strategy of achieving growth through the inorganic route. The company had recently acquired UK-based console developer, Ignition Entertainment and India-based mobile gaming company, Indiagames Limited.

Viva Pinata: Pocket Paradise for Nintendo DS Coming in September 2008

Viva Pinata: Pocket Paradise for Nintendo DS Coming in September 2008

Game lovers should be ready for double bonus. September 2008 will see Viva Pinata: Trouble in Paradise for the Xbox 360 getting released while Pocket Paradise for the Nintendo DS would also be released in the same month. Fans of the Pocket Paradise series who have been anxiously waiting, will be thrilled to know that the DS version would be launched soon.

Nomura Holding to invest $16 million in Chennai-based Real Image Technologies

Nomura Holding to invest $16 million in Chennai-based Real Image TechnologiesJapan’s largest brokerage house Nomura Holdings will invest $16 million in Indian media company Real Image Technologies Pvt. Ltd, to take advantage of the growth in India's movie and entertainment industry.

Chennai-based Real Image, founded in 1986, provides digital technology solutions for films, videos and audio markets. The company has operations across North America, Europe and Asia and also operates various digital cinema screens.

UTV Software to invest $ 75 million; Q1 net profit surges 176%

UTV Software to invest $ 75 million; Q1 net profit surges 176%

UTV Software Communications has registered 176 per cent jump in its net profit at Rs 25.08 crore for the first quarter ended June 30, 2008, compared with Rs 9.09 crore for the corresponding period last fiscal.

Total revenue of the company during the quarter rose by 154.21 per cent to Rs 145.18 crore from Rs 57.11 crore recorded during the first quarter of 2007.

In a separate release, the company has announced that it will invest $75 million in its gaming division.

NDTV inks pact with Sri Lankan DTH Operator

NDTV inks pact with Sri Lankan DTH Operator
NDTV has tied up with Sri Lankan DTH operator Dialog Television (Private) Limited, a subsidiary of Dialog Telekom PLC, to enter the island nation's direct-to- home (DTH) market.

The company further informed that its NDTV Good Times – India’s leading travel and lifestyle channel has entered into a distribution partnership with Dialog TV which would allow the viewers in Sri Lanka to watch India's only travel and lifestyle channel.

TRAI gives 5 years timeframe for digitalization to Cable TV Operators

TRAI gives 5 years timeframe for digitalization to Cable TV Operators
The Telecom Regulatory Authority of India (TRAI) on Friday issued the final guidelines for restructuring the cable TV industry, in order to provide digital signals to viewers, aimed at providing planned and better services and growth.

Recently, TRAI had issued draft recommendations on the same, and had sought industry inputs.

Phoenix Mills inks deal with Adlabs to build country’s largest multiplex cinema

Phoenix Mills inks deal with Adlabs to build country’s largest multiplex cinemaThe consortium led by Phoenix Mills has inked a deal with Anil Ambani Group company Adlabs Cinemas for building country's largest multiplex cinema at its Kurla project – Phoenix Market City.

The 1,40,000 sq ft multiplex will have 15 screens and over 4,000 seats. Besides showing the latest releases, it would screen popular sports events and live concerts, a release said.

It will house two luxury screens with adjoining Ebony Lounges which would have live band performances round the year, the release said.

Bharti Group plans presence in DTH segment with ‘Test launch’

Bharti Group plans presence in DTH segment with ‘Test launch’Bharti Telemedia, the DTH license holder company of Bharti Airtel, has finally entered the direct-to-home (DTH) segment with a ‘test-launch' of its services.

The company has planted about 80-100 set top boxes of its DTH services to select homes across Gurgaon for the test-phase, which will be followed by the nationwide commercial launch sometime in August-September this year.

BBC launches new reality series for disabled models

BBC NewsMelbourne, June 30 : Thought modelling was the domain for those long-legged sassy babes whom we see on the ramp? Well, then wait for BBC’s new reality series that will feature disabled women showing their modelling skills for making it big in the fashion industry.

The BBC has launched a controversial new series, in which the audience will get a close look at the lives of eight young disabled women trying to try their hand in modelling.

SMG’s shareholders approve ‘Virgin Radio Sale’

Scottish media group's shareholders have finally approved the sale of London’s Virgin Radio at its extraordinary general meeting.

SMG, which owns the ITV franchise in Scotland, will use the proceeds of the sale to pay debts and to return about $60 million to shareholders.

The national radio station was bought by a consortium including the Times of India Group for £53.2 million in May, this year.

Times of India is one of India's biggest media conglomerates. It has interests in print, TV, radio, the internet and events, managing some of India's biggest media brands including Grazia, Top Gear and The Times of India.

Spielberg to get Indian funding for new studio

Steven SpielbergLos Angeles  - Bollywood is taking over Hollywood - or at least an important part of it.

India's Reliance ADA Group is close to a 500-to-600-million-dollar deal to be the principal backer of Oscar-winning director Steven Spielberg's Dreamworks Pictures, which is set to split from Paramount at the end of the year, according to the Wall Street Journal Wednesday.

The report said that the Indian-backed studio would then seek an additional 500 million dollars in debt financing to enable it to produce five to six movies a year, making it the biggest independent studio in the world's film capital.

Biggest German TV group loses CEO Guillaume de Posch

Munich - Guillaume de Posch, the chief executive at the biggest of Germany's four main television groups, ProSiebenSat. 1, resigned Tuesday in an unexpected move that sent the group's shares lower.

The group is controlled by two private-equity investment companies, KKR (Kohlberg Kravis Roberts) and Permira, and has 3.5 billion euros (5.4 billion dollars) in debt after its takeover last year of Swedish based TV group SBS.

ProSiebenSat. 1 said de Posch was leaving at his own wish, effective at the end of this year, as it was the right time to move on, but gave no reason for his departure. He has run the group for the past four years.

Cinemax to open three screens multiplex in Nagpur

Cinemax India, which operates as a subsidiary of Kanakia group, will launch three screens multiplex at Eternity Mall, in Nagpur.

The multiplex will open with blockbuster movie Sarkar Raj and mega comedy movie Mere Baap Pehle Aap. The multiplex has capacity of 1007 seats including 35 recliner seats.

The multiplex is entitled to entertainment tax exemption, subject to necessary approvals.

Cinemax India Limited, together with its subsidiaries, operates exhibition theatre chains consisting of multiplexes and screens. It operates under the brand name Cinemax.

The company also engages in the development of malls in India, as well as offers games, including LAN-based games under the brand name Giggles-The Gaming Zone in Thane, India.

Cognizant buys LA-based Strategic Vision Consulting

US-based Cognizant has acquired Strategic Vision Consulting (SVC), a leading management and technology consulting firm with over 60 employees serving the media and entertainment industry.

This is Cognizant’s ninth acquisition in recent times. However, the company did not disclose the amount paid for the acquisition.

SVC, based in Los Angeles in the US, focuses on consulting and systems implementation for media and entertainment companies, including studios, broadcasters, post-production facilities and interactive media companies.

In addition, the company possesses extensive experience of providing technology strategy and planning, and program and project management services.

Murdoch's headquarters infested with bedbugs

fox news channelNew York, May 29 : Bedbugs are biting at the midtown home of Rupert Murdoch's media empire, according to a lawsuit set to be filed Thursday in state court.

Jane Clark, a Fox News veteran, intends to sue the owner of 1211 Sixth Avenue, the midtown tower that houses the New York Post and the Fox News Channel, over alleged bedbug bites that have left her with a post-traumatic stress disorder.

Three alleged encounters last year with the creepy critters forced her out of work, according to a press release from her lawyer, Alan Schnurman.

Budding designers showcase their collection in Chandigarh

NIIFT's FashionChandigarh, May 26 : Budding fashion designers showcased their collection in 'Anukama 2008', the annual fashion show held by the students of Northern Institute of Fashion Technology (NIIFT).

Femina Miss India Earth 2008, Tanvi Vyas, walked the ramp and embellished the designs of the graduating students.

Top models added glitter to the night by sashaying down the ramp perfectly wearing the designer collections of NIIFT's fashion and knitwear design and technology courses.

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