Reliance MediaWorks

Galloping Horse, Reliance MediaWorks to acquire DDMG assets

Galloping Horse, Reliance MediaWorks to acquire DDMG assetsGalloping Horse America and Reliance MediaWorks (USA) Inc has won an action to acquire the assets of Digital Domain Media Group Inc for $30.2 million.

The winning deal is subject to the implementation of an asset-purchase agreement and bankruptcy court approval and a hearing for the matter will be held on Monday, according to the joint statement from the three companies.

RMW ties up with foreign equity firm to fund media services division

RMW ties up with foreign equity firm to fund media services divisionReliance MediaWorks (RMW) has tied up with a private equity firm to raise funds for its film and media services division.

The company will raise about Rs. 605 crore for the unit through the foreign investment partner. The company has not disclosed the name of the international private equity firm. The two companies have agreed to keep the agreement exclusive for the next 90 days.

Reliance Mediaworks' image-processing technique bags Oscar

Reliance Mediaworks' image-processing technique bags OscarNew Delhi, Jan 9 - Members of Reliance Mediaworks' Global Imaging Technology Centre will receive the prestigious Academy plaques at the Academy of Motion Picture Arts and Sciences's Scientific and Technical Awards 2012, to be held Feb 11.

The technique for which the award is being given is for the development of "Lowry Process" -- a system for the reduction of noise and other disturbances, thereby providing high quality images required by the filmmaking process.

Reliance MediaWorks posts net loss of Rs 54 crore in Q1 FY 11

Reliance MediaWorks posts net loss of Rs 54 crore in Q1 FY 11Reliance MediaWorks Ltd. has declared its first quarter financial results for the fiscal year 2010-11. Reliance MediaWorks Ltd. is controlled by the Reliance ADA Group.

The company has informed that it has suffered a net loss of Rs 54 crore for the June quarter of the current year. However, the company is one of the leading and fastest growing film and entertainment services firm.

The company has announced that there has been a 100% hike in its total income from its operations.

RMW denies stake buying in Inox but its shares rise

RMW denies stake buying in Inox but its shares riseOn Friday the shares of Inox Leisure went up by as much as 20 per cent after there were news reports that said that Reliance MediaWorks (RMW) is going to buy 67 per cent stake in it.

But, later during the day Anil Ambani denied such reports and said, "We... deny any discussions by Reliance MediaWorks (RMW) or any offer by us to acquire any controlling stake in Inox Leisure Ltd." through a spokesperson.

Reliance MediaWorks to expand facility in Britain

Reliance-MediaworksAnil Ambani's Reliance MediaWorks said on Tuesday that it is going to expand its facility in Britain.

The company is into the business of film and entertainment services and wants to expand its operations in Europe so that it can tap the growing opportunities in the continent.

Talking about the plans, Anil Arjun, Chief Executive of the company said that the being in the business of film and media, it is not possible for a company to stay away from the European sub-continent.

Fame India shares do well after ADAG’s counteroffer

Fame India shares do well after ADAG’s counterofferFame India is definitely on a high these days. The company has seen a lot of positive changes taking place for it in the past few months.

The takeover battle for Fame India has heated up and the stock price has brightened on the prospects of ADAG' counter bid offer. On the Bombay Stock Exchange, the stock was trading at Rs. 86, up by Rs. 4 or 4.9 percent. The stock rose after the Anil Dhirubhai Ambani Group (ADAG) announced its counter bid offer.

Reliance MediaWorks launches a counter bid to acquire Fame

Reliance MediaWorks launches a counter bid to acquire FameReliance MediaWorks has launched a counter bid to acquire a majority stake in the theater chain Fame India Ltd in an open offer.

The shares of Fame India recorded a rise after the bid with a steep premium was announced on Monday by Reliance Group Company. The move is expected to start a price war in the market.

The counter bid is 63.5 percent higher at 83.40 rupees a share from 51 rupees a share offered by Inox Leisure to acquire 20 percent equity in the company. Reliance intends to acquire 62.08 percent stake in the company.

Adlabs Films rechristened to ‘Reliance MediaWorks’

Adlabs Films rechristened to ‘Reliance MediaWorks’ Country's top film and media services company, Adlabs Films has changed its name to Reliance MediaWorks as the new name exactly reflects its identity as a diversified film and media services company.

Earlier, the original name of Adlabs Films was reflective of the company's initial business as a film processing laboratory.     




Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate


Syndicate content