Media And Entertainment

Sebi orders bank, demat accounts' attachment of Reliance Big Entertainment

Capital markets regulator Sebi on Monday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Reliance Big Entertainment to recover dues of Rs 26 crore. Before this, the markets watchdog on November 14 sent a notice to Reliance Big Entertainment Pvt Ltd (now known as Rbep Entertainment Pvt Ltd) and asked the entity to pay dues within 15 days in a case pertaining to illegal diversion of funds in the matter of Reliance Home Finance Ltd (RHFL). The attachment notice came after Reliance Big Entertainment failed to pay the fine imposed on it by the markets watchdog. The Securities and Exchange Board of India (Sebi) has ordered the attachment of bank, demat accounts and mutual fund folios of the entity to recover the pending dues. Going by the notice, dues of Rs 26 crore were pending with Reliance Big Entertainment, which included interest and recovery costs. As per the notice, Sebi said there is sufficient reason to believe that the defaulter may dispos

India to host first global summit for media & entertainment sector in Nov

India will host the first World Audio Visual and Entertainment Summit in November alongside the International Film Festival of India in Goa, with I&B Minister Ashwini Vaishnaw promising to strengthen the ecosystem for the protection of intellectual property rights in the media and entertainment sector. Vaishnaw and Goa Chief Minister Pramod Sawant made the announcement of the first World Audio Visual and Entertainment Summit (WAVES) in Goa from November 20-24 and described it as a visionary initiative by Prime Minister Narendra Modi as India seeks to make a mark in the media and entertainment sector. "IP rights hold huge value in the media and entertainment sector. We will be strengthening the ecosystem for protecting IP rights," Vaishnaw, the Information and Broadcasting Minister, said in his address at the curtain raiser event for WAVES. Vaishnaw said the government was also exploring ways to make available low-cost funds to the media and entertainment sector with learnings from

Show and tell: Why Anxiety is the new villain

Depicted as a dainty, shrivelled, orange-skinned girl, Anxiety by no means looks like the lead antagonist of a Hollywood blockbuster

Paramount's directors approve merger with Skydance ending Redstone era

The deal would elevate David Ellison, the 41-year-old tech scion who founded Skydance, as Hollywood's newest power broker

Global audiences suspicious of AI-powered newsrooms, misinformation

Newsrooms globally are working to address a new challenge with generative artificial intelligence, as tech giants and startups like Google, OpenAI build tools that can offer summaries of information

Ramoji Rao: The man who lived as interface between business and politics

He reached the height of his power and fame before he turned 50 and even months before he died, was brimming with ideas

Ramoji's contributions will continue to inspire all: Jharkhand Governor

Jharkhand Governor C P Radhakrishnan on Saturday condoled the death of noted media personality Ramoji Rao, saying he will continue to inspire all. "Deeply saddened by the passing away of Ramoji Group's founder, Ramoji Rao Garu. His contributions will continue to inspire us all. This is an irreparable loss," Radhakrishnan said in a post on X. "My heartfelt condolences and prayers go out to his family. May his soul rest in peace," he added. Veteran media personality and Ramoji group chairman Ramoji Rao died at a hospital in Hyderabad early on Saturday. Rao (88), who was undergoing treatment for the past few days, breathed his last at 4.50 am, according to ETV, Telangana, one of the Ramoji group channels.

Rajinikanth, Chiranjeevi, Allu Arjun, Ram Charan pay tribute to Ramoji Rao

Rajinikanth, Chiranjeevi, Allu Arjun, Ram Charan and Jr NTR were among the prominent cinema personalities who expressed grief over the demise of media baron Ramoji Rao, the founder of Eenadu Group and Ramoji Film City. Rao, who revolutionised the news and entertainment industry, died at a hospital in Hyderabad early on Saturday. He was 88. In a post on X, Rajinikanth remembered Rao as his mentor and well wisher and said he is "deeply saddened" by his death. "The man who created history in Journalism, Cinema and a great kingmaker in Politics. He was my guide and inspiration in my life. May his soul rest in peace. @Ramoji_FilmCity," the veteran star wrote. Chiranjeevi posted an emotional message on X, saying that Ramoji Rao, who was like a mountain that never bowed down to anyone, has reached the heavenly abode. Allu Arjun said Ramoji Rao was a "pioneer and an inspiring visionary" and he has a deep respect for the media baron. "I feel his aura every time I shoot at #RFC. His ...

With Ramoji Rao's demise, India lost media titan: President Murmu

President Droupadi Murmu on Saturday condoled the demise of renowned media tycoon Ramoji Rao and said his contributions to the industry will be long remembered. "With the demise of Shri Ramoji Rao, India has lost a titan of the media and entertainment sector," President Murmu said in a post on X. Rao, who revolutionised the news and entertainment industry, died at a hospital in Hyderabad early on Saturday. He was 88. An innovative entrepreneur, he pioneered a number of ventures, including the Eenadu newspaper, ETV news network and Ramoji Film City, President Murmu said. "Honoured with Padma Vibhushan, he succeeded as his vision was essentially rooted in society. His contributions to this industry will be long remembered. My condolences to his family and well-wishers," she said.

'Visionary who revolutionised media': PM Modi's tribute to Ramoji Rao

Prime Minister Narendra Modi on Saturday expressed grief at the death of noted media personality Ramoji Rao, describing him as a visionary who revolutionised Indian media. Rao's rich contributions have left an indelible mark on journalism and the world of films, Modi said on X, adding that through his noteworthy efforts, he set new standards in innovation and excellence in the media and entertainment world. "Ramoji Rao Garu was extremely passionate about India's development. I am fortunate to have got several opportunities to interact with him and benefit from his wisdom. Condolences to his family, friends and countless admirers during this difficult time. Om Shanti." Rao (88), who was undergoing treatment for the past few days, breathed his last at 4.50 am, according to ETV, Telangana, one of the Ramoji group channels.

Paramount Global CEO Bakish is out, replaced by trio of executives

Paramount reported first-quarter earnings that beat Wall Street estimates, buoyed by its broadcast of the Super Bowl in February and narrower losses from streaming

Sony, Apollo discuss proposal to make joint bid for Paramount Global

The competing bid, which is still being structured, would offer cash for all outstanding Paramount shares and take the company private

Amar Singh Chamkila: Bawdy songs and radical obscenity

An accusation of obscenity is usually not an attempt to control prurient art but to limit its radical potential

Intent to hire freshers in M&E industry saw 3% decline in H1: Report

The intent to hire freshers in the media and entertainment industry showed a decline of 3 per cent during the first half of this calendar year (January-June), according to a report. However, the overall intent to hire freshers rose 6 per cent year-on-year, as per the TeamLease EdTeach's Career Outlook Report HY1 (January-June 2024). Around 3 per cent decline is expected in intent to hire freshers in the media and entertainment industry, bucking the overall upward trend across many other sectors, the report said. This report is part of TeamLease EdTeach's 'Career Outlook Report HY1', which is based on a survey covering 526 small, medium, and large companies across 18 industries across India. Further, the report revealed that hiring trends in media and entertainment also found varying preferences for job roles across cities with Delhi dominating in video editing with 27 per cent and Bengaluru leading in production assistants with 23 per cent, it stated. Mumbai and Delhi were top cho

Paramount to enter into exclusive merger talks with Skydance: Report

Paramount's shares surged nearly 15% on Wednesday after The Wall Street Journal first reported the exclusive negotiations with Skydance

Sony India seeks to increase subscribers, revenue in FY25: CEO N P Singh

Sony Pictures Networks India is looking to boost its subscriber base and revenue through impactful content, while looking at strategic partnerships as it gears up to face a challenging fiscal year 2024-25, according to its Managing Director & CEO N P Singh. The company will be taking experiences and lessons from FY24, as stepping stones for what lies ahead, he wrote to employees in an internal newsletter. "Heading into FY25, we are gearing up for a challenging year but are ready with creative spirit and strong resolve," he said. Further, Singh said, "Our goal is sharp, to captivate audiences and boost our subscriber base and revenue through impactful content." The company is channeling investments into new shows, including on Sony LIV, he said. "Our strategy emphasises driving organic growth and ramping our market presence through strategic partnerships," he said. Reflecting on the fiscal gone by, he said FY24 "showed our true resilience and teamwork". "Tackling challenges head-

Star India starts arbitration against Zee over cricket broadcasting deal

Star India has sought "specific performance" of the agreement or the payment of damages, Zee said in a statement, without providing details

Gerald Levin, who guided Time Warner Inc's rise and fall, dies at 84

As Time's chief strategist, Levin orchestrated the 1990 merger of Time with Warner Communications, creating the world's largest media and entertainment company

Statsguru: M&E sector resilient despite growing at slower pace than economy

Growth is expected to reach double-digit levels in the next few years

M&E to cross Rs 3 trn in 2026, digital media to top TV this year: Ficci

The digital media will potentially overtake television as the leading segment in the media & entertainment sector in 2024 with an estimated size of Rs 75,100 crore, said a joint report from industry body FICCI (Federation of Indian Chambers of Commerce and Industry) and EY on Tuesday. While the Indian Media & Entertainment (M&E) sector grew by 8.1 per cent in 2023, reaching Rs 2.32 lakh crore and is expected to touch Rs 2.55 lakh crore and cross Rs 3 lakh crore mark by 2026, it added. "We expect the M&E sector to grow 10.2 per cent to reach Rs 2.55 trillion by 2024, then grow at a CAGR (Compound Annual Growth Rate) of 10 per cent to reach Rs 3.08 trillion by 2026," the report said. Though in 2023 television remained the largest segment with Rs 69,600 crore, however, it had a degrowth of 1.83 per cent as against Rs 70,900 crore in 2022, it said. While, the digital media in 2023 crossed Rs 65,400 crore and is expected to be around Rs 75,100 crore in 2024, which is ahead