Movies

Eros International to acquire controlling stake in Techzone

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/2016/09/26/Untitled-1_15_0.jpg?itok=4UdfBLn6
Inauspicious period for films

The tradition was that no films released during ‘shraaddh’ as it was considered inauspicious. The exhibitors, in such an event, had to feed the cinema halls with either repeat run of old hits or dubbed films from southern India. The tradition has been shelved in the new scheme of things.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/26/sid_0.jpg?itok=QZxP0LRK
Siddharth Roy Kapur elected Film and TV Guild president

MD and CEO of Disney India Siddharth Roy Kapur has been unanimously elected as the president of the Film & Television Producers Guild of India Ltd. at the first meeting of its newly-constituted Guild Council of Management.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/26/Untitled-1.jpg?itok=ycVNpOS_
Deloitte: Indian film industry to touch Rs 23,800 crore by 2020

Can the Indian film industry come up to scale and rival the US and Canadian box offices? Yes, it can. The potential is huge, says a new report on the Indian cinema industry released by Deloitte Touche Tohmatsu India at the Indywood Film Carnival taking place during 24-27 September in Ramoji Film...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/23/Untitled-1_15.jpg?itok=OydbLoDs
Banjo...Out of sync

Banjo is a musical love story of a young man with a mastery over the stringed instrument. The banjo is said to have its origin in Africa. The instrument is seen to be more popular during festivals in India.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/23/Untitled-1_31.jpg?itok=tNwD2dE-
Parched...Dry run at box office

Leena Yadav’s Parched debuted at the Toronto International Film Festival in 2015. Ever since, it has been on the festival circuit extensively till its theatrical release this week.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/23/Untitled-1_16.jpg?itok=k0AywEln
'Visanarai' to represent India at Oscars

The Tamil film ‘Visanarai’ (Interrogation) will represent India at the American Academy of Motion Pictures (Oscars) awards next year. This was announced by the selection committee set up by the Film Federation of India in Hyderabad.

Movies Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/19/dayes-of-tafree_0.jpg?itok=FRqPkA1p
'Days of Tafree' twists 'Chello Divas'

MUMBAI: Gujarati blockbuster Chhello Divas will hit cinemas across the country as Days of Tafree - In Class; Out of Class. The movie is produced by Anand Pandit Motion Pictures and Rashmi Sharma Films and will release it on 23 September.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/19/pink.jpg?itok=gwjjRsJm
Pink: Neither strategy nor reviews helped

Pink, with Shoojit Sircar as the force behind the film, was much hyped. The film also enjoyed a great deal of media and critics support. However, all this hype did not help the film as the response on the opening day remained tepid with a business of about Rs 4.2 crore.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/19/Untitled-1_3.jpg?itok=6-8l1L-3
Sony Max2 initiates Double Trouble film festival

The Double role formula has wooed the Indian audience ever since and has been a major success in Bollywood. This September Sony Max2 attempts to ride high on this formula by doubling up the entertainment quotient for its viewers with Double Trouble film festival starting from 19 September until 23...

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories