Bolstered by higher prime-time viewership share, Reliance Industries-owned Viacom18 is aiming to grow revenue market share in Hindi and Kannada general entertainment categories, which generate combined ad revenues of more than ₹9,000 crore each year, said a top company executive. As per Broadcast Audience Research Council (BARC) data for urban NCCS ABC audiences aged 15-50, …
Emerging Media Ventures, the owner of Indian Premier League (IPL) team Rajasthan Royals (RR), has no intention of selling a portion of its controlling stake in the franchise despite interest from private equity and venture capital firms, founder Manoj Badale told ET. “We have not given any mandate to dilute stakes in the franchise. We …
Walt Disney Co. is holding preliminary discussions with potential buyers for its India streaming and television business including billionaires Gautam Adani and Kalanithi Maran, according to people familiar with the matter. The US entertainment giant’s senior executives have also gauged the interest of private equity funds considering the company is exploring a range of options, …
Paramount Global, which holds a 13% stake in Viacom18, has decided against launching Paramount+ as a separate streaming service in India and is expected to launch its content on JioCinema, said people with knowledge of the matter. The Paramount+ content would be included in JioCinema’s premium subscription package, which costs Rs 999 per year, along …
The Delhi High Court has granted Viacom18 a broad, dynamic injunction for the bilateral matches involving the Indian cricket team. Viacom18 owns the media rights to the bilateral matches organized by the Board of Control for Cricket in India (BCCI). With the help of this dynamic injunction, Viacom18 will be able to take rapid action …
Paramount Global has realised non-cash gain of $168 million for the quarter ended June from dilution of its stake in Indian media conglomerate Viacom18, the company said in its quarterly regulatory filing recently. In April, the company’s stake in Viacom18 dropped to 13% from 49% following a strategic transaction that saw Reliance Industries Limited (RIL) …