Television

I-Media acquires online auction firm Bidchaser

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/06/02/Untitled-1_36.jpg?itok=RZW75iBi

MUMBAI: Integrated Media Holdings (I-Media) has acquired global online auction and e-commerce company Bidchaser.

I Media builds and operates digital communications and media technologies businesses. The acquisition was completed through a 100 per cent share exchange with a Florida corporation owned by I-Media.

Bidchaser will continue to operate under the same trade name.

Bidchaser CEO Harish Shah and Bidchaser president and CTO Leonardo Cunha will continue in the key management roles.

Interestingly, Bidchaser is also planning to accelerate I-Media's broadband video business expansion by developing content clients and broadband video projects in India, the Middle East, and the Southeast Asian market - complementing Endavo's current North and Latin American business.

According to an official release, Bidchaser has already begun generating revenues from its newest e-commerce merchant services and e-commerce portal. The acquisition gives I-Media an e-commerce platform and a number of other critical technologies and business processes that significantly augment the entire I-Media Group's current capabilities.

"This transaction will significantly reduce I-Media's overall cost of our development and sales, while immediately improving our balance sheet by adding some important software assets," said I-Media CEO Paul D Hamm.

"By acquiring Bidchaser, our top line growth will also be accelerated with their own e-commerce business and by augmenting our broadband video business with additional integrated platforms made available for content owners to sell movies and programs online," he added.

The acquisition of Bidchaser gives I-Media its third wholly-owned high-tech subsidiary, joining Endavo Media and Communications and WV Fiber in the I-Media Group, informs the statement.

The three companies are joining forces to launch a new digital broadcast network, which provides content owners the first turnkey solution to monetise their programming assets over broadband and reach a broader consumer market.

I-Media has also announced that Bidchaser co-founder Harish Shah has been appointed to serve on the company's board of directors. Shah has served as the chief strategic planner for the Bidchaser Marketplace ecommerce network.

Over the last three years, he has led Bidchaser in building an auction, trading and community website that caters to the small retailer, the worldwide consumer and the auction enthusiasts, as stated in the statement.

Cunha said, "Bidchaser is excited to be a part of the I-Media group. The combined resources, expertise, and strategic vision in the digital commerce marketplace shared by Bidchaser and I-Media will make this a rapidly successful and profitable venture."

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/27/vashindra.jpg?itok=T_mJi8bA
Zee News' Vasindra Mishra joins Network18

Vasindra Mishra has joined Network18 as a consulting editor.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/27/VIVO.jpg?itok=XQXuhE9b
Vivo wins IPL title rights for Rs 21.9 bn

Vivo has won the bid for IPL for 2018-2022 for Rs 21.9 billion -- which is a 554 per cent hike over the previous contract. Oppo, with Rs 14.3 bn-bid, Motorola, Xaiomi, and Intex were the other bidders.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/27/Network%2018.jpg?itok=6lgYmKbA
Network18 launches Amplify18 with Parekh as AGM

MUMBAI: Network18, a diversified media conglomerate, has announced the launch of Amplify18. The entertainment, lifestyle & brand amplification entity of Network18, Amplify18 will leverage the group’s pan-national television network along with the strong digital network to drive visibility,...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/27/DD-800x800.jpg?itok=qSZkhnNA
58% watched DD English news as per 4-wk average, pubcasters' overhaul under way

MUMBAI: Even as the new Prasar Bharati CEO Shashi Vempati plans pubcasters' overhaul, Doordarshan News has reportedly beaten all private English channels, according to BARC data. Screams by star news anchors notwithstanding, English news channels hardly reach around four million in a population of...

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/26/agarwal.jpg?itok=IE4iFPUe
Gaana acted on users' desire to share, says COO Prashan Agarwal

Listening to Gaana is no longer a solitary pursuit, limited to one’s headphones, car or room… with Gaana Social, users can share their music with anyone, anywhere, anytime - spreading the joy that only music can bring.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/24/FIFA-Story.jpg?itok=-v_bg075
U-20 & U-17 FIFA '19 bidding for host launched, Sony to telecast U-17 in seven countries

Broadcasters, OTT/VoD platforms and digital companies are looking forward to entertaining and engaging viewers by providing the best adrenalin. Sports lately is the genre which is in vogue. Leading broadcast and streaming companies are seeking out avenues and sporting event opportunities to keep...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/24/Brooks_Meek-Anthony_Moore.jpg?itok=5ynTynEr
India among prospects to train at NBA Academy

MUMBAI: The National Basketball Association (NBA) and Basketball Australia (BA) has announced the official opening of The NBA Global Academy, an elite basketball training center at BA’s Centre of Excellence at the Australian Institute of Sport in Canberra. The NBA Global Academy will serve as the...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/24/Prannoy_Roy-Radhika_Roy.jpg?itok=U3wkYBz0
NDTV resolutions confirm re-appointment of Roys & sale of subsidiaries

MUMBAI: NDTV, in a communique to the secretary, BSE Limited, and assistant VP, Listing Department, National Stock Exchange of India, signed by the company secretary Navneet Raghuvanshi, confirmed that four special resolutions as mentioned in the Postal Ballot Notice dated 11 May, 2017, have been...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/24/Carlos-Amoros.jpg?itok=nKVSW3ay
Tripleplay to provide Atlético de Madrid stadium tech solution

MUMBAI: Tripleplay, a leader in the development of Digital Signage, IPTV and Video Streaming Solutions, has been chosen by Atlético de Madrid to implement its technology at the brand new, 68,000 capacity, Wanda Metropolitano Stadium in Madrid this July.

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories