iWorld
Report on Hindi News Viewership

CA Media exits, sells OML gaming biz to Nodwin for Rs 73 cr

OML Entertainment MD Ajay Nair will join the Nodwin Gaming board.

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2021/09/17/oml.jpg?itok=SEtsiUfv

New Delhi: South Asia-based esports company Nodwin Gaming which is also an independent subsidiary of Nazara Technologies Ltd has acquired the gaming and adjacent IP business of OML Entertainment for Rs 73 crores. The mega-deal will provide partial liquidity to OML Entertainment shareholders, including CA Media.

OML Entertainment MD Ajay Nair will join the Nodwin Gaming board as part of this transaction and will work with Nodwin Gaming MD Akshat Rathee and its management team to ensure smooth integration of the OML IPs with Nodwin Gaming and help with growing Nodwin Gaming’s business, the company announced on Friday. 

The acquisition taps into a growing synergy between the two companies. While Nodwin Gaming is known for its esports and gaming expertise, OML Entertainment is known for managing some of India’s biggest gaming and entertainment creators such as Tanmay Bhat, Samay Raina and for owning and executing storied IPs such as the 'Bacardi NH7 Weekender' well-attended comedy touring properties such as 'LOLstars' and 'Headliners' and India's biggest hip-hop league – 'Breezer Vivid Shuffle'. OML Entertainment also works with some big brands in India to produce well-known properties such as the ‘Levi's Music Week’ and ‘YouTube FanFest’. 

The deal also allows Nodwin Gaming to massify gaming and esports by tapping into emerging synergies in gaming entertainment that a 14-30-year-old is looking for. 

“Nodwin Gaming strongly believes that continuous growth in the IP portfolio is central to building a vibrant ecosystem of fans, talent, broadcasters and brands," said Akshat Rathee. "The addition of some of the largest IPs in India like 'NH7 weekender' is going to accelerate the massification of esports and gaming entertainment across the spectrum of fans and brands.  The proven capability of the brilliant team that joins us from OML Entertainment will further ensure that we can execute and monetise our IPs.” 

OML's Ajay Nair said the company believes in the convergence of different pop culture genres and has seen that this has already happened across several platforms and IPs. “Over the past years, our experience working with Nodwin Gaming has been very fruitful and we are confident that our live IPs and the teams that execute them have found a good home at Nodwin Gaming. OML Entertainment will continue to focus on building its OTT content production, talent management, and branded content businesses," he said.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/10/06/hiren-gada-ceo-shemaroo-entertainment.jpg?itok=aa0PmIZA
ECOA appoints Shemaroo’s CEO Hiren Gada as its new president

According to a recent announcement made at the 58th annual general meeting of the Entertainment Content Owners Association of India (ECOA), Shemaroo Entertainment's chief executive officer Hiren Gada has been named as their new president.

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/10/06/jio-cinema_0.jpg?itok=YYRR3QGm
JioCinema bags exclusive streaming rights of FIFA World Cup Qatar 2022

In an interesting development Viacom18, the joint venture between Reliance’s TV18 and Paramount Global, has announced plans to move its existing sports properties from the company’s video-on-demand service VOOT to JioCinema.

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/10/06/ott-report_0.jpg?itok=tew8hlGn
30 per cent prefer OTT platforms to watch new movies: Axis My India Survey

Mumbai: Axis My India, in a report on India’s Consumer Sentiment Index (CSI) published on Thursday, found that a significant 30 per cent of viewers prefer to watch the latest movies on over-the-top (OTT) platforms. The survey, conducted for monthly consumption on various issues, revealed that 24...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/10/06/natpe.jpg?itok=lr6Lem7p
Natpe announces its plan to file for bankruptcy under chapter 11

Mumbai: The National Association of Television Program Executives (Natpe) has announced its plan to restructure its business affairs with the Bankruptcy Court under Chapter 11 of the bankruptcy code. It said, "Like many other professional organisations, Natpe has been adversely impacted by the...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/10/06/fanclash.jpg?itok=krw9iRq0
Esports pioneer FanClash surprises the gaming world by unveiling new avatar

Mumbai: Esports fantasy platform FanClash has unveiled its new identity through a marketing campaign. The brand strategically wiped out its social media pages. This, it said, sparked conversations amongst fans and top influencers, including key opinion leaders (KOL) in the industry like Animesh ‘...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/10/06/she-preety.jpg?itok=rKyrRR79
One Take Media Co. to bring a new show every week in India

One Take Media Co. is here to provide fresh shows every week, both in their original language and with English subtitles and dubbed in Hindi.

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/10/05/didier_drogba.jpg?itok=sxmrrH4A
5ire onboards activist Didier Drogba as advisor

Mumbai: Didier Drogba, a Chelsea legend and one of the greatest footballers turned social and environmental activists, has joined hands with 5ire, the 5th-generation blockchain network. Founded by visionary entrepreneurs from India, Pratik Gauri and Prateek Dwivedi, 5ire signs up Drogba as their...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/10/05/mx.jpg?itok=074S4ovK
MX Player reveals slate of new series for October 2022

MX Player is geared up to refresh festive moods with its latest slate of crowd-favourites, critically acclaimed and much anticipated international shows from all around the world, dubbed in Hindi and other regional languages.

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/10/04/fm_radio.jpg?itok=GVuPe4LI
Centre approves amendments in FM Radio Phase-III Policy guidelines

Mumbai: The central government has approved the amendments to certain provisions contained in the policy guidelines on the expansion of FM radio broadcasting services through private agencies (phase-III), referred to as the private FM phase-III policy guidelines. The decision was taken in a cabinet...

iWorld Over The Top Services