MEDIA & ENTERTAINMENT

Exclusive: Aarin Capital backs content platform Campus Diaries

June 30, 2016 | Disha Sharma

Campus Diaries Media and Communications Pvt. Ltd, which operates a content discovery portal targeted at school and college students, has raised Rs 1.5 crore ($220,000) from Aarin Capital and others in its second round of angel investment.

Competition watchdog clears Blackstone’s Mphasis acquisition

June 20, 2016 | PTI

Competition Commission has cleared private equity major Blackstone's multi-billion dollar deal to buy over 50 per cent stake in Mphasis from HP Enterprise.

The acquisition will be done through Marble II Pte, part of Blackstone Group.

Eros to buy 50% stake in Vashu Bhagnani's movie production house

June 20, 2016 | Anuradha Verma

Mumbai-based film studio Eros International Media Pvt Ltd said on Monday it has agreed to acquire a 50% stake in filmmaker Vashu Bhagnani's movie production house Puja Entertainment and Films Ltd.

SVG Media CEO Manish Vij on dropping PE funding plan, competing with InMobi & more

June 14, 2016 | Arti Singh

SVG Media Pvt Ltd, a joint venture between Manish Vij’s Vun Network and Harish Bahl’s Smile Group, started operations in 2006 and is now one of the largest digital media companies in the country.

Ratan Tata, Ola founders back MadRat Games

June 10, 2016 | Vijayakumar Pitchiah

Ratan Tata, chairman emeritus of Tata Sons Ltd and one of India's most active angel investors, and Ola founders Bhavish Aggarwal and Ankit Bhati have invested an undisclosed amount in Bangalore-based startup MadRat Games Pvt Ltd.

Hyderabad-based digital startup SillyMonks gets under $450K

June 06, 2016 | Arti Singh

Hyderabad-based digital and entertainment startup SillyMonks Entertainment Pvt. Ltd has raised around $448,000 (Rs 3 crore) from high-net-worth individual Sreenivasa Reddy Musani, it said in a statement.

Telugu actors, others invest in Sachin Tendulkar's football team

June 02, 2016 | Anushree Bhattacharyya

A group of investors including Telugu actors Akkineni Nagarjuna and Chiranjeevi has acquired a stake in cricket icon Sachin Tendulkar’s Kerala Blasters FC, a franchise in the Indian Super League (ISL) football tournament, for an undisclosed amount.

Exclusive: CA Media-backed Graphic India raises funds for expansion

May 31, 2016 | Anushree Bhattacharyya

Graphic India Pte Ltd, which creates comic characters and superheroes for digital and mobile platforms, has raised fresh funds as it looks to expand its business, two people close to the development told VCCircle.

PVR freezes expansion in Noida, Gurgaon for three years

May 25, 2016 | Anushree Bhattacharyya

PVR Ltd, the country’s largest multiplex chain operator, has agreed to freeze expansion in its key markets of Noida and Gurgaon for three years as part of a revised deal cleared by India’s anti-trust regulator to acquire developer DLF Ltd’s cinema exhibition business.

Anand Mahindra invests in women-focused digital media startup SheThePeople

May 23, 2016 | Binu Paul

Mahindra group chairman Anand Mahindra has invested an undisclosed amount in SheThePeople.TV, a digital storytelling platform for women founded by journalist Shaili Chopra.

The investment was done in his personal capacity.

Trying to raise revenue per user from TV shows: Balaji Telefilms' Nair

May 23, 2016 | Anushree Bhattacharyya

Over the last two years, several companies have launched over-the-top (OTT) video platforms in India, including leading international players such as Netflix. Television and film production company Balaji Telefilms Ltd is set to be the latest to roll out an OTT platform called ALT.

Digital sports broadcast network Veqta raises $500K in seed funding

May 20, 2016 | Binu Paul

Sports-focused digital broadcast network Veqta has raised $500,000 (Rs 3.4 crore) in a seed round of funding from early stage venture capital firm Chatsworth Management and sports management company ITW Consulting Pvt. Ltd, it said in a statement.

Exclusive: Journalist Sandeep Budki buys out The Mobile Indian

May 14, 2016 | Anushree Bhattacharyya

Journalist and managing editor of The Mobile Indian Sandeep Budki has bought the news website owned by Banyan Netfaqs Pvt. Ltd, a Delhi-based digital news company.

Discovery to acquire Sanjeev Kapoor's food channel

May 12, 2016 | Anushree Bhattacharyya

Discovery Communications India Pvt. Ltd—which is part of Discovery Communications, Inc that offers non-fiction TV programmes through more than 50 channels—has agreed to acquire a majority stake in Turmeric Vision Pvt. Ltd, which runs food channel Food Food, it said in a statement.

BCCL finds an innovative way of backing startups in return for ad opportunities

May 11, 2016 | Anushree Bhattacharyya

India’s largest media conglomerate Bennett, Coleman & Co Ltd, or BCCL, has found an innovative way of picking up stakes in early-stage companies in return for providing advertising opportunities across its diverse media platforms, a practice it has been following for over a decade.

Bobby Ghosh set to join HT as editor-in-chief; Mint to be re-launched as broadsheet

May 02, 2016 | Anushree Bhattacharyya & Arti Singh

India’s mainstream English media landscape is set for major changes, as leading publisher HT Media Ltd gets ready to unveil key changes across its portfolio in coming months.

Why Ronnie Screwvala exited Arre and what it means for the OTT segment

April 28, 2016 | Anushree Bhattacharyya

Ronnie Screwvala, one of India’s best-known media entrepreneurs, has exited digital content platform Arré barely a year after announcing the venture as he feels the segment is in its infancy in India and over-the-top platforms have yet to figure out a viable business model.

Exclusive: NDTV scouts for strategic partners for e-commerce ventures

April 25, 2016 | Anushree Bhattacharyya

New Delhi Television Ltd is actively scouting for strategic partners for its e-commerce ventures and is open to selling a majority stake in some of them to generate funds to sustain its loss-making core broadcast business.

Exclusive: 120 Media spins off content unit, close to pre-Series A round for Sooperfly

April 19, 2016 | Anushree Bhattacharyya

Sooperfly Media Pvt Ltd, the digital content startup spinned off from The 120 Media Collective Pvt Ltd, is talking to investors for its pre-Series A round of funding.

Exclusive: Regional media house Amar Ujala shelves IPO plan

April 14, 2016 | Anushree Bhattacharyya

Amar Ujala Publications Ltd, the publisher of Hindi daily Amar Ujala, has shelved its plans to float an initial public offering (IPO) due to weak market conditions and valuation concerns.

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