Movies

Eros International to acquire controlling stake in Techzone

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/movie-images/2014/06/09/eros-international.jpg?itok=ylCb7CRC

MUMBAI:  Eros International Media (Eros) has announced that it has signed a term sheet to acquire a controlling stake in Universal Power Systems, trading by the name Techzone, a mobile value added services (MVAS) provider for telecom operators based in India for an undisclosed sum. 

Established in 1999 by Naveen Bhandari, Techzone is an aggregator, developer and distributor of entertainment content via mobile platforms in India.  Techzone is particularly focused on the Bollywood films and music markets and has significant region-specific content in Tamil and Telugu.  The company has relationships and billing integration with major telecom networks in India to distribute its content and also has its own ‘Mobile Shortcode’ 56060. Techzone makes its content available to end-users via various methods such as caller ring-back tones (CRBT), mobile radio, short message service (SMS), wireless application protocol (WAP) and interactive voice response (IVR). 

Techzone has done an average of 25 million SMS, WAP or IVR transactions per month over the past three years across 12 major telecom operators in India for which it bills the customers directly through its billing platform. This excludes CRBT transactions which are also marketed and distributed by Techzone but billed by the telecom operators directly. In a given month, a single customer may engage in multiple transactions.

“Techzone will be a strong addition to our ErosNow strategy where content meets technology and distribution,” said Eros CEO Jyoti Deshpande.  “With Techzone’s billing integration and distribution in place across major telecom operators and average transaction traffic of over 25 million monthly over the past three years, we expect this deal to complement our existing ErosNow service. With 870 million mobile subscribers (including over 60 million internet enabled smart phones) in India as of year-end 2013, this is an exciting space for us.”

Techzone CEO & managing director Naveen Bhandari said, “This is indeed a proud moment for Techzone to align with a market leader such as Eros. The consumption of content through mobile platforms is on the increase and the timing of this alliance could not have been better.”

The transaction is subject to customary closing conditions and execution of definitive agreements. 

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/20/coffie-with-d%20%281%29.jpg?itok=jKgzDLTC
Coffee With D....Funny man fails to garner TRPs!

Making films on fugitives and terrorists from across the border has been attempted a few times but such films have never been able to convince the moviegoer because this is some fiction that seems totally implausible.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/19/newton%20%281%29.jpg?itok=0uLaSCf2
Rajkummar Rao's Newton to make world premiere at Berlin Festival

The New Year is beginning on a high note for Drishyam Films, the makers of much loved films such as Masaan, Dhanak and Waiting. Their latest film Amit V Masurkar’s Newton is all set to make its World Premiere at the Berlin International Film Festival, one of the world's most prestigious film...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/19/Rudrarup%20Datta-800x800.jpg?itok=cCB1M-48
xXx India blitz cost Viacom 18 over Rs 10 crore

MUMBAI: Have you wondered if a Hollywood movie could have its maiden release in India? It's rare and exceptional. What it takes to be that big? Is it a large-scale promotion or a marketing stunt? It's a not a stunt but the right marketing strategy that can make a film as big as a grand award...

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/18/raees.jpg?itok=Zn11iydU
Bleeding Pak theatres may become 'Raees' again

MUMBAI: Four months after Pakistan stopped screening Hindi films in its cinemas responding to Bollywood's unofficial ban on Pakistani artistes following the Uri attack, Pakistan is again attempting to allow screening as theatre-owners are bleeding financially.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/16/dangal.jpg?itok=SVTwJuie
Weak films fall by Dangal-side

The exhibition sector felt some relief with a blockbuster in Dangal after a long gap to help them sustain the cinemas, the vacuum faces them again as the two new movies, OK Jaanu and Haraamkhor, failed to bring in even the initial audience or, for that matter, even the compulsive first day or first...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/14/OK-Jaanu.jpg?itok=77K9Fqst
OK Jaanu: ...Live-in romance replayed!

OK Jaanu is a contemporary love story which eventually settles about halfway between modern-day relationships traditions while conveying the eternal belief that love always triumphs. These kinds of films are made now and again but a love story is a love story and usually has its own appeal if...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/13/xxx-800x800.jpg?itok=ktebzkWf
Viacom18 starts NY with 'xXx: Return of Xander Cage' premiere

Starting the year on a promising note Viacom18 is proud to present xXx: Return of Xander Cage to the audience in India. After wowing viewers in Mexico and London as part of the global domination tour, megastar Vin Diesel visited India for the premiere along with his co-star, Bollywood beauty...

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/12/Sunil-lulla-800x800.jpg?itok=6Xn_dYi6
'17-18: Eros Media to produce 50 films in multiple languages

MUMBAI: Eros International Plc, a leading global company in the Indian film entertainment industry, has announced that its majority-owned subsidiary, Eros International Media Limited, released its film production lineup for 2017-18.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/12/Force-2.jpg?itok=3Vgc5reZ
'Force 2' piracy: Viacom18 registers FIR; KSS blames it on a theatre

MUMBAI: The Cyber Crime Investigation Cell, BKC, Mumbai, has registered an FIR against K Sera Sera Digital Cinema Ltd (K Sera Sera) upon a complaint filed by Viacom18 in relation to online piracy of its film ‘Force-2’.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories