Stay updated with breaking news from Edia business. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Walmart will acquire the television maker Vizio for $2.3 billion, the retail chain announced Tuesday. The retailer said in a press release that the acquisition of Vizio and its smart TV operating system, SmartCast, will help grow Walmart’s media business by “bringing together VIZIO’s advertising solutions business with Walmart’s reach and capabilities.” “There is a…
Warner Bros. Discovery CEO David Zaslav met with Paramount CEO Bob Bakish this week amid talks of a potential merger between the two media behemoths, according to multiple reports. The meeting between the two media executives took place Tuesday in New York City, Axios first reported, noting Warner Bros. Discovery has hired bankers to explore a potential sale.…
New Delhi [India], September 29 (ANI/PNN): Addressing the two-day 'FICCI FRAMES Fast Track 2022' on strengthening India's IP Ecosystem, Justice Singh highlighted, "There is a need for a unified central agency for enforcement of Intellectual Property Rights that will help strengthen the overall IP ecosystem." While addressing the low turnover of the Indian movie industry as compared to other countries, she highlighted that USA produced less than half the number of films and generated 8 times more box office revenue while China produced almost half the films, yet the box office collections was nearly 7 times of India. Similarly, in the Indian music industry, she highlighted that the Indian music consumption was above the global average and close to that of US and the UK, but revenue generated by India was 65 times lesser than that of the USA and 1/5th of the UK. Sharing her insights on the Indian arts and painting industry, she said that while a combined 8 per cent of the 'world's wealth spent on treasure', consists of spends on fine art paintings, pictures, and sculptures; only 0.02 per cent of the Indian wealth is spent on arts. She highlighted that India's visual art market was valued around USD 0.17 billion in 2017 and the visual art sector was prone to forgeries with an estimated USD 1 million worth of forged art traded in India every year. Karan Thapar, Deputy Secretary, DPIIT, Ministry of Commerce and Industry, spoke about the Government's initiative towards protecting the rights of the creative industry stakeholders. He said that the government while being committed towards strengthening of IP laws, was also focused on the sensitization and awareness about IP among enforcement agencies and the judiciary. Dipti Kotak, Chief Legal Officer, Media Business, Reliance Industries Ltd., Gowree Gokhale, Partner, Nishith Desai Associates, Uday Singh, Managing Director, Motion Pictures Association(MPA) India and Kaushik Moitra, Partner, Bharucha & Partners also shared their perspectives during the interaction. The session was done in partnership with Creative First and Motion Picture Association. This story has been provided by PNN. ANI will not be responsible in any way for the content in this article. (ANI/PNN)
The growth has come on the back of strong engagement, resulting in record subscriptions and advertising revenues, Ambani said at 45th AGM of Reliance Industries
Mumbai: The board of directors at Hinduja Global Solutions has approved a share entitlement ratio of 20:63 for the acquisition of Nxtdigital’s digital, media and communications business undertaking. HGS will issue 20 equity shares of Rs 10 each (post issue of bonus equity shares by HGS) for every 63 equity shares of NDL of Rs 10 each fully paid up. The share entitlement ratio