MEDIA & ENTERTAINMENT

KOOH Sports gets a top-up from existing investors

October 07, 2016 | Bruhadeeswaran R

Health and fitness company KOOH Sports has closed a fresh follow-on round of $2.2 million from existing investors such as HDFC, Faering Capital, Elevate Sports and the founders, said the company.

Astro Group’s woes continue as key aide of T Ananda Krishnan resigns

October 05, 2016 | Dearton Thomas Hector

Malaysian telecom and digital media conglomerate Astro Group’s miseries continue. In the latest development, the 64-year old deputy chairman of Malaysian billionaire T Ananda Krishnan’s Astro All Asia Networks, is reported to have resigned.

Zee buys UAE’s Hum 106.2 FM radio station

September 30, 2016 | TEAM VCC

Zee Entertainment Enterprises Limited (ZEEL) said Thursday it is entering radio business with the acquisition of UAE’s first and leading radio station, Hum 106.2 FM. With this, it gets exposure to television, radio and digital entertainment business in the region.

India movie industry revenue to touch $3.7 bn by 2020, predicts Deloitte

September 26, 2016 | Keshav Sunkara

If you’re a movie buff, you’re in for a bonanza. In the next two years, India could have more than double the number of multiplex screens it has at present, a report by consultancy Deloitte said on Monday.

Goldman Sachs to invest $21.2 mn more in Den Networks

September 20, 2016 | TEAM VCC

Cable television company Den Networks Ltd said on Tuesday it is raising Rs 142.43 crore ($21.26 million) from existing investor Goldman Sachs.

Den Networks will issue 15.8 million shares on a preferential basis to Goldman Sachs at Rs 90 apiece, it said in a stock-exchange filing.

Exclusive: S Chand & Co in talks to acquire Kolkata publishing house

September 19, 2016 | Debjyoti Roy

Education-focused publishing house S Chand & Company Pvt. Ltd is set to acquire a large regional publisher in Kolkata in what could be one of the biggest deals in the industry, a person privy to the development told VCCircle.

Dentsu Aegis Network acquires Perfect Relations

September 19, 2016 | Ranjani Raghavan

Media and digital marketing group Dentsu Aegis Network Ltd said on Monday it has acquired public relations firm Perfect Relations to strengthen its communications business in India.

Mexico's Cinepolis to buy remaining bits of DT Cinemas

September 02, 2016 | TEAM VCC

Mexican cinema operator Cinepolis, which has been scouting for inorganic expansion in India for almost a decade, has struck its second deal in the country in as many years.

Sony Pictures to acquire Zee's Ten Sports biz for $385 mn

August 31, 2016 | Anuradha Verma

Sony Pictures Networks India has agreed to acquire media baron Subhash Chandra-led Zee Entertainment Enterprises Ltd's sports broadcasting business housed under Ten Sports Network for $385 million (Rs 2,580 crore).

Zee Entertainment in talks to sell sports broadcasting business

August 29, 2016 | Disha Sharma

Media baron Subhash Chandra-led Zee Entertainment Enterprises Ltd said on Monday it is in advanced talks with potential buyers to sell its sports broadcasting business housed under Ten Sports.

Hathway Cable approves IPO plan for GTPL Hathway

August 17, 2016 | Ranjani Raghavan

Mumbai-based cable operator Hathway Cable and Datacom Ltd said on Wednesday it has approved a plan to separately list unit GTPL Hathway Pvt Ltd.

Kwan Entertainment acquires online party planning marketplace Gigstart

August 11, 2016 | Vijayakumar Pitchiah

Delhi-based Kwan Entertainment & Marketing Solutions Pvt. Ltd said on Thursday it has acquired online party planning marketplace Gigstart Entertainment Pvt. Ltd.

Kwan didn’t disclose financial details of the deal.

Exclusive: Cable operator GTPL Hathway hires merchant banks for IPO

August 10, 2016 | Ranjani Raghavan & Bruhadeeswaran R

Gujarat-based multi system operator (MSO) GTPL Hathway Pvt.

Exclusive: HT Media’s startup accelerator backs podcast aggregator platform Funcastic

August 10, 2016 | Nishant Sharma

Delhi-based B2C vernacular podcast aggregator platform Funcastic has raised seed funding from a startup accelerator launched by HT Media Ltd and US-based investment firm North Base Media, two persons aware of the development told VCCircle.

Leh Leh Sports raises angel funding from Anglian Omega chief

August 04, 2016 | Disha Sharma

Leh Leh Sports has raised an undisclosed amount of funding from Sunny Narang, chairman of Anglian Omega Network, in a personal capacity.

Exclusive: Quintillion Media backs former Disney UTV exec's film production house

August 04, 2016 | Debjyoti Roy

Media entrepreneur Raghav Bahl-led digital news venture Quintillion Media Pvt. Ltd has invested in a Mumbai-based film production and distribution company, a person privy to the development told VCCircle.

Exclusive: Mexico's Cinepolis to buy remaining bits of DT Cinemas

July 29, 2016 | Ranjani Raghavan

Mexican cinema operator Cinepolis, which has been scouting for inorganic expansion in India for years only to see local rivals outclass it in snapping other mid-size players in the market, is close to striking its second takeover deal in as many years.

How much 3i made in full exit from UFO Moviez

July 22, 2016 | TEAM VCC

UK-based private equity firm 3i that has ceased to make fresh investments in India has exited its almost decade-old investment in digital cinema firm UFO Moviez Ltd by selling its entire 10% stake in the firm.

Den hikes stake in TV commerce JV with Snapdeal to 82.87%

July 18, 2016 | Arti Singh

Cable television distributor Den Networks Ltd said on Monday it has agreed to increase its stake in a TV shopping joint venture with e-tailer Snapdeal to 82.87% from 32.87%.

MPS acquires digital publishing platform Magplus

July 02, 2016 | Varun Arora

Indian publishing services company MPS Ltd has acquired Sweden- and US-based Magplus, a digital platform that creates and distributes content to mobile apps, for an undisclosed amount.

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