Sun TV Beaming With Profit

Sun TV Beaming With ProfitIt has been revealed, according to recent developments that the first-quarter earnings of Sun TV have moved up by as much as 9.75%. The number is now at Rs. 187.62 crore. The net profits posted by the firm were Rs. 170.95 crore, at around the same time last year.

Nintendo eyeing upon 3D consoles

Nintendo eyeing upon 3D consolesNintendo is looking ahead to bring in a 3D version of its handheld gaming device.

A tech revolution in waiting might just occur at the premises of Nintendo that plans to bring a 3D console for its gaming needs. It might work just like the success graph of Wii that went ahead to become a hit, which nobody had ever thought of.

With a similar promise, this device seeks to bring a new level of gaming experience to the player.

It not only will add to the gaming experience but at the same time will reap out the benefits of the technology, giving a room for betterment.

Google’s TV Project features customized Android OS aka Dragonpoint

Google TV

Google’s TV Project that involves a joint effort of Intel, Sony and Logitech is scheduled to mark a debut in the coming month and at the same time shall feature a custom Android operating system dubbed as Dragonpoint.

According to the tech reports, Sony plans to introduce Intel chips loaded with Google software in home-based entertainment devices. This is a major move since Google proclaimed a tie-up with Sony, Intel and Logitech for bringing Android interface to TV screen.

It all adds up in enhancing the browsing experience of web applications on TV screens, via an interactive software interface.

Walt Disney changes name to Indian Walt Disney

Walt Disney changes name to Indian Walt DisneyChanging names could well be beneficial, at least that is what Walt Disney (India) believes. And that is why the US-based entertainment company has decided to coin a new name for it. From now on, it would be called Indian Walt Disney.

This is a way in which the company wants to set recognition and connect with the Indian audience. That is needed because it wants to be able to increase its market share in the emerging market especially India.

Zee Entertainment posts PAT of Rs 1.29 billion

Zee-EntertainmentZee Entertainment Enterprises Ltd. (ZEEL) has managed to post a remarkable profit after tax for the forth quarter of the fiscal year 2010. The consolidated revenue for the company was found to be Rs. 6.49 billion.

Zee has registered a consolidated operating profit i. e. the Earning Before Interest Tax Depreciation and Amortization (EBITDA) was Rs 1.84 billion. Profit after tax (PBT) of the firm was Rs 1.96 billion and the profit after tax (PAT) was stood at Rs 1.29 billion.

Tata Sky adds new features on its Personal Video Recorder service

Tata Sky adds new features on its Personal Video Recorder serviceThe joint venture DTH firm between Tata Group and News Corp, Tata Sky has introduced three new features to its Tata Sky+. Tata Sky has added these features to the premium personal video recorder (PVR). The new services are video-on-demand service, dual access remote recording and the new standby technology.

He-Man to come as a movie

He-Man to come as a movieThere is a buzz in the market that Columbia Pictures is going to make a movie on cartoon series, 'He-Man'. The production and distribution house had already got the movie rights for this.

It happened way back in 1980s when Mattel and the Warner Bros. parted their ways. This happened because none of the sides was able to agree to one particular creative vision.

But that is precisely the reason why there are uncertainties on whether the movie will ever be made. Just like Mattel refused to work with Warner Bros., it may do so with Columbia Pictures as well.

Countdown begins for Sky to launch 3D channel in UK

Countdown begins for Sky to launch 3D channel in UKBSkyB is all set to launch the first 3D Channel in UK on April 3 2010. BSkyB will offer its 3D satellite TV first time with telecasting the Premier League clash between Manchester United and Chelsea on Easter. Sky had made a trial of its 3D satellite TV in January while it aired the Premier League match between Manchester United and Arsenal in nine London pubs.

INOX Leisure launches 20% open offer for Fame India

Multiplex operator INOX Leisure's open offer for an additional 20 per cent stake in Fame India will begin on April 1, 2010 and would close on April 20, 2010.This would take the total shareholding in the later to 50.48 percent.

INOX Leisure had made an offer to acquire up to 82,31,759 equity shares representing 20 per cent of the target company at a price of Rs 51 a piece. The open offer price is 4 per cent lower than the prevailing market price of Fame India at Rs 53.30 on the BSE. On Wednesday, INOX Leisure had acquired 43.28 per cent stake in Fame India for Rs 66.48 crore making it India's No. 2 multiplex chain.

Recently the multiplex operator raised holding in Fame India by 7.21 per cent to 50.

Kaiser Family Foundation report finds rise in media use by children

KaiserKaiser Family Foundation has conducted a study that found entertainment media use by children and teens has risen considerably when compared to usage five years ago.

The study found that kids aged between 8 and18 years spend almost eight hours a day using entertainment media which is the same amount of time adults spent at work.

The time recorded is 1 hour 17 minutes higher from time recorded in 2004. "Anything that children spend that much time doing is something that needs to be studied," warns Victoria Rideout who is the author of the study and a Kaiser official.

Reliance Entertainment likely to bid for MGM to expand Hollywood footprint

A recent ET report, citing a source ‘in the know,’ forwarded the information that the Anil Ambani-managed Reliance Entertainment would likely be bidding for the debt-ridden iconic film studio Metro-Goldwyn-Mayer, or MGM; thereby attempting to broaden its footprint in Hollywood beyond its current association with Steven Spielberg’s DreamWorks Studio.

MGM’s illustrious library consists of over 4,000 film titles, which include classics like Pink Panther and James Bond, and recent comic flicks like Legally Blonde. The studio has been put on the line by its lenders, a group of more than 100 financiers led by JPMorgan.

Digicable enters strategic outsourcing contract with IBM for 10 years

digicable-ibm-logoDigicable, a leading cable and broadband distribution player in India, has signed a 10-year strategic outsourcing agreement with IBM. Under this agreement, IBM will be responsible to support the integration of Digicable's digital media content delivery and value added services applications with its core business technologies and processes.

This deal, carrying an initial outlay of US $83 billion, is thought to be one of the most significant deals signed by a Media and Entertainment company in India. Through the Integrated approach that IBM will provide, the solution will enable Digicable in providing its subscribers with personalized service.

Cinemax India rolls out Three Screens Multiplex in Uttar Pradesh

Cinemax India Ltd has revealed that it is introducing its Three Screens Multiplex in Uttar Pradesh. With sitting capacity of 999 people, the new multiplex will come at Cinemax - South X Mall located at Kidwai Nagar, Kanpur, Uttar Pradesh.

In order to entice customers, the multiplex will provide a personalized cafe facility while enjoying the favorite film.

The company will kick off its Multiplexes with screening of block buster flicks "Jail" and "Ajab Prem Ki Gazab Kahani".

With the introduction of Three Screens Multiplex, the conglomerate is now having total 27 theater properties including 86 screens with a total sitting capacity of 23565.

Entertainment Network Intraday Buy Call

Entertainment Network (India) LtdStock market analysts have maintained 'buy' rating on Entertainment Network (India) Ltd with an intraday target of Rs 193.

According to them, interested traders can purchase the stock above Rs 191 with a strict stop loss of Rs 182. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 200.

New music playlist algorithm could beat Apple''s Genius

Washington, Oct 28 : Electrical engineers at UC San Diego have created a new kind of music search engine that listens to music, and could even beat Genius - the music recommendation system in Apple''s iTunes.

It was found that Genius apparently captures acoustic similarities among songs within the same playlist.

They also discovered that the music recommender they built from scratch could generate song playlists that human subjects thought were as good as those that Genius generates.

The current study involved human evaluation of music recommendation systems and found that the new system works for songs that Genius knows nothing about.

Dish TV books loss in Q2 period; stock slips 6%

Dish TV books loss in Q2 period; stock slips 6%Dish TV, India's first direct to home (DTH) service provider has registered a net loss of Rs 56.13 crore for the second quarter ended September, compared with net loss of Rs 154.11 crore of the year ago period.

Further, the total income of the company stood at Rs 257.49 crore at the end of September quarter of the current financial year, whereas the same was at Rs 173.29 crore during last year.

For the half-year ended September 30, 2009, Dish TV posted a net loss of Rs 125.34 crore, against net loss of Rs 279.55 crore during the corresponding period last fiscal.

Zee Entertainment Q2 net profit jumps 77%

Zee EntertainmentZee Entertainment Enterprises Ltd, the largest media and entertainment company in India, has posted a net profit (after tax) of Rs 102.48 crore for the second quarter ended September 30, 2009, up 77% compared with Rs 57.87 crore during the corresponding quarter last fiscal.

However, Zee Entertainment’s total income for the quarter has dropped to Rs 303.51 crore from Rs 324.38 crore in the same period of last fiscal. Further, company’s advertising revenues slipped 13% to Rs 248 crore while subscription revenues grew up 8% to Rs 243.5 crore.

Den Network IPO to open on October 28

denblogDen Networks Limited, one of the largest national cable television companies in India, has decided to enter the capital market on October 28, 2009 with an initial public offering (IPO) of up to 2 crore equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.

The price band has been fixed at Rs 195 to Rs 205 per share. The issue will close on October 30, 2009.

K Sera Sera posts two-fold growth in net profit

K Sera Sera posts two-fold growth in net profitK Sera Sera Productions, leading film and television software production house, has informed that it has clocked two-fold growth in its consolidated net profit for the quarter ended September 30, 2009.

The sources informed that the company has posted a net profit of Rs 39.72 crore in the quarter under review.

In addition, total income of the company has also surged to Rs 112.34 crore during the said quarter.

During the similar period previous year, company’s total income figure stood at Rs 44.88 crore.

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.     

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