A small budget film, 'Dasvidaniya' - Russian for goodbye - has debutant director Shashant Shah, and co-producer Guneet Monga joining the bandwagon of mainstream commercial, though not conventional, cinema.

The Friday release, starringVinay Pathak, Rajat Kapoor, Saurabh Shukla, Ranvir Shorey and Neha Dhupia, 'Dasvidaniya' is a bittersweet story about a man who refused to die before he had learnt to live.

Displaying their solidarity, Hindi general entertainment channels (GECs) have announced a blackout of fresh programming, due to their inability to cope up with the increased costs.

The viewers will have to watch re-runs of their favorite soaps and shows on television as, facing the first day of 'zero fresh content' on their channels, broadcasters have sent strong signals to the TV content producers and workers that they would not absorb any rate hike at a time when the global economy is on a tailspin.

During the Web 2.0 conference held in San Francisco this week, MySpace CEO Chris DeWolfe suggested that Social networking site MySpace might be working on its very own MP3 player. DeWolfe, who admitted that a MP3 could soon be released, held talks with Warner Music Group CEO Edgar Bronfman Jr.

The possibility of working on Mp3 player was not directly specified by DeWolfe, but it was neither denied.

DeWolfe said, "For now, we are much more focused on the service. But, if anything, we'll be accretive to iPod sales, unless we develop a device."

UK-base NDS group has announced $150 million invesment in India to boost its current operations. The company has invested over $120 million so far and has now announced an investment of $150 million over the next four years to support the accelerating digitization of pay-TV across the nation and worldwide.

The NDS Group is a UK-based global digital pay and interactive TV technology provider. The group had ventured into India in 2000, establishing a R&D Center in Bangalore.
 

Era Financial Services India Ltd., a subsidiary company of Era Group has informed that it has signed a film conducting pact with Yash Promoters & Builders Pvt. Ltd.

Adlabs Films, a member of the Reliance Anil Dhirubhai Ambani Group and the leading entertainment conglomerate in the country, has notified that the board of directors of the company has approved a scheme of arrangement envisaging demerger of its radio business into Reliance Unicom Ltd.