- India-focused OTT production entity Golden Karavan launched
- Woman alleges gang rape by two men in SUV
- Film producer Karim Morani surrenders in rape case
- Ryan school murder case: CBI team reaches school, starts probe
- Karti closed many foreign accounts, shifted money: CBI
- Pakistan shells border posts, hamlets in J&K; BSF jawans among 7 injured
- Sushma Swaraj raises issue of terrorism, H1-B with US Secretary of State
Video intelligence platform Vidooly Media Tech has appointed Preeti Jadhav as vice president of revenue. In her previous role, Jadhav was agency lead at Star India’s OTT platform Hotstar.
Sony completes acquisition of ZEEL’s sports biz for $18.68 mn less than original deal price of $385 mn
Sony has completed the acquisition of ZEEL’s sports broadcasting biz for $366.32 mn, paying $18.68 mn less than the original deal price. ZEEL said that the adjustment is mainly due to retention of a leasehold immovable property at Dubai by Taj TV, Mauritius and certain working capital adjustments of the sports biz as per the terms of agreement.
Star India could be earning ad revenue upwards of Rs 450 crore from the India-Australia and two other series that follow, according to media agencies. For the India-Australia series, the broadcaster has lined up 12 sponsors.
Facebook may have lost the auction for streaming IPL matches to Star India, but it goes to show how serious a growth market India is for the social media giant. The video ambitions of Facebook are apparent and seem to grow only bigger.
&Privé HD joins Star Movies Select HD, Sony Le Plex HD and MN+ as the fourth channel in the English premium movie genre. The channel will only have a HD. It will rely a lot on subscription revenue, though some sponsors have been roped in.
After Star’s record bid of Rs 16,347.5o cr, ad rates for IPL could see a surge. Viewers may have to pay more. Digital value will see a boost.
With Star bagging the 5-year IPL media rights for a whopping Rs 16,347.5 cr, Sun TV Network will stand to gain materially as it owns Sunrisers Hyderabad IPL team. BCCI shares revenues from media rights with the franchises.
Having TV and digital rights to the IPL will allow Star to serve cricket audiences better, chairman & CEO Uday Shankar said.
Star has won the IPL media rights with a consolidated bid of Rs 16,347.5 crore. The broadcaster will thus get the 5-year TV and digital rights for India and the rest of the world.