Technology
Report on Shemaroo

China Mobile buys 19.9% of Phoenix from Star Group

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/05/20/china%20flag.jpg?itok=6KDzTsNK

MUMBAI: China Mobile (Hong Kong) Group Limited has purchased a 19.9 per cent interest in Phoenix from Star Group Limited. After the transaction, Star will continue to hold 17.6 per cent of Phoenix.

China Mobile and Phoenix Satellite Television Holdings Limited have also reached a strategic alliance to jointly develop, market and distribute wireless content, products, services and new media applications.

Under the strategic alliance agreement, China Mobile and Phoenix will jointly develop products and services relating to the wireless delivery of media content. In exchange for direct access to China Mobile's network and customer base on favourable terms, China Mobile will have preferential access to Phoenix's news and selected programs. 

The deal will complement China Mobile's 3G strategies by widening its service offerings and providing enhanced media content to its mobile subscribers, and will broaden Phoenix's new media content's access to China mobile's customer base, informs an official release.

China Mobile chairman and CEO Wang Jianzhou says, "Phoenix offers a unique set of content to the Chinese community globally. By leveraging Phoenix's media content via our mobile platform, China Mobile will be well positioned to provide wireless multimedia services to our customers."

Phoenix chairman and CEO Liu Changle adds, "The establishment of this new strategic alliance will provide an excellent opportunity for the further development of Phoenix's new media business, and should have a very positive impact on Phoenix's long-term commercial prospects, enabling Phoenix to distribute its content through China Mobile's wireless platform and reach a broader market."

Star Group CEO Michelle Guthrie says, "We believe that bringing in China Mobile as a shareholder and strategic partner will create incredible growth opportunities for Phoenix in the future. We look forward to our continued involvement in Phoenix as the company extends its content to the largest wireless customer base in the world."

Goldman Sachs is acting as financial advisor to China Mobile. Merrill Lynch is acting as financial advisor to Star, according to the news release.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/15/harmonic.jpg?itok=IYLzaoP5
Mowies optimises its workflow with Harmonic's VOS Cloud Streaming SaaS

MUMBAI: LATAM-based on-demand media platform Mowies, which has a unique revenue model for creators of feature films, documentaries, TV series, theatrical performances, concerts, and other original content, has decided to optimise its workflow with Harmonic's VOS 360 cloud streaming offering.  The...

Technology Software Applications
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/07/img_07042021_143142_800_x_800_pixel.jpg?itok=dssiTqEo
Disney+ Hotstar signs CLEAR Production Cloud to manage its Originals content

Mumbai: Video streaming platform Disney+ Hotstar has signed a multi-year deal for CLEAR Production Cloud, from Prime Focus Technologies, to enable secure and collaborative production workflows for its Originals content.                   

Technology Hardware Components
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/03/25/img_25032021_144435_800_x_800_pixel.jpg?itok=Cy_F2wUc
Broadpeak performs world's first demonstration of Streaming Video Alliance open caching APIs

New Delhi: CDN and video streaming solutions firm Broadpeak has successfully performed the world's first live demonstration of Streaming Video Alliance Open Caching APIs.

Technology Hardware Components
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/03/16/irai.jpg?itok=CDxmG9Uj
Israeli firm brings advanced ‘emotion detection’ technology to Gulf region

New Delhi: The human resource (HR) departments of government organisations across the Gulf region will soon be able to test an advanced voice analytics service, which can detect the emotional state of a person from their voice. The new technology developed by an Israel based tech firm Nemesysco...

Technology Hardware Components
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/03/15/synamedia.jpg?itok=IECr_M2P
Sports video operators & rights owners can unlock $28 billion in new revenue by combating piracy

New Delhi: Amid the growing threat posed by streaming pirates, a new research conducted by Synamedia has found that service providers and rights holders of sports events can unlock up to $28.3 billion in new revenue each year by putting some anti-piracy measures into place.

Technology Hardware Components
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/12/ces.jpg?itok=opuWDCo1
CES 2021: Sony creates buzz with Airpeak drone

NEW DELHI: At the ongoing CES 2021 event, Sony has unveiled an array of products that include Airpeak drone, Bravia XR smart TV lineup and wireless speakers with 360 Reality Audio.  Sony's presence at CES 2021 is structured around 12 topics showcasing how its 3R technologies — reality, real-time,...

Technology ces
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/12/lg.jpg?itok=J-KjNvl0
LG showcases next gen products at CES 2021

SEOUL: LG Electronics is showcasing its products and technologies under the theme of ‘Display, now the real world comes to you’ at CES 2021. The company is emphasising on the redefined role of displays in the contactless era as well as presenting various display solutions optimised for the...

Technology ces
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/12/syna.jpg?itok=EkWDdSWk
Synamedia partners with Akamai to speed up pirate takedowns

KOLKATA: Independent video software provider Synamedia has integrated its security and watermarking solutions with Akamai to protect customers’ streaming OTT content. Synamedia’s solutions now detect and disrupt pirate streams in real time over the Akamai Intelligent Edge Platform and redirect...

Technology ces
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/12/samsung.jpg?itok=zCPE1ClG
Samsung introduces latest innovations at Consumer Electronics Show 2021

NEW DELHI: Samsung opened the Consumer Electronics Show 2021 with a crisp, 30-minute keynote, sharing its vision for the future and introducing a slew of new products at the virtual press conference. Among fresh launches is its new range of bespoke refrigerators that you can mix, match and combine...

Technology ces

Sign up for our Newsletter

subscribe for latest stories

* indicates required