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Specials | Budget |
Industry holds bright outlook for budget 2018 |
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With the D-Day already here, the media and entertainment industry is keeping its fingers crossed after a difficult year that bore the full brunt of the introduction of GST. With things settling and the general elections not too far away, a more populist budget is expected from FM Arun Jaitley and his ministry this year.
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Television | TV Channels |
TV18 to increase Viacom18 stake to 51% |
TV18 will take operational control of Viacom18 Media Pvt Ltd (Viacom18), the joint venture partners in Viacom18, TV18 Broadcast and Viacom Inc, announced today. TV18 will raise its stake to 51 per cent by acquiring 1 per cent of Viacom18's equity from Viacom Inc for a cash consideration of Rs 127 crore (USD 20 million).
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iWorld | OTT |
Known actors profitable to web series: ALTBalaji's Manav Sethi |
Bollywood actors are seeking refuge in TV and online series. The spurt of content with known big-screen faces points to a trend of getting value out of their established names.
ALTBalaji has launched a plethora of shows with A-list names. “It is more profitable to sign an actor when he does justice to the role and the script does justice to the actor.
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Television | TV Channels |
India leads growth for regional pay-TV networks in Asia |
New research on the pay-TV channel ecosystem shows India powering revenue and profit growth for regional pay-TV broadcasters in Asia Pacific. Revenue for pay-TV channel groups owned by global media companies expanded by 4 per cent in 2017 to reach USD 5 billion across the region.
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Movies | Movies on mutiple platforms |
Oddball Motion Pictures gets Rs 250 cr for film production |
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Oddball Motion Pictures, founded by filmmaker Nitin Upadhyaya, announced its association with Chanda Group where the latter will be funding a seed capital of up to Rs 250 crore for the feature films and original digital video content that will be exclusively developed and produced by Oddball.
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