Entertainment Financial News

14.11 / 19:07
markets Digital CEO Entertainment security Strategy stars Merger concludes! Viacom18-Star India valued at Rs 70,000 cr
Viacom18's TV and digital businesses into Star India securing all necessary regulatory approvals in India and abroad. In February, Reliance Industries (RIL), Viacom18 Media and The Walt Disney Company had signed an agreement to combine Viacom18 and Star India's assets to create India's largest M&E company valued at ₹70,352 crore ($8.5 billion).
14.11 / 16:31
markets UPS Digital Entertainment Experts PAM show Did a bakery refuse Whoopi Goldberg's birthday dessert order because of her political views? Here's the truth
Whoopi Goldberg's birthday dessert order over political views. Bakery owner Jill Holtermann shares that she did not deny the request because of Goldberg's politics and that she informed Goldberg two weeks ago that she was experiencing equipment issues in her kitchen, as quoted in a report by Entertainment. A 145-year-old New York bakery has denied Whoopi Goldberg's on-air claims that it refused to make special treats for her 69th birthday episode of The View due to her political beliefs. Shortly after closing Wednesday's episode of the show with a round of Charlotte Russe desserts at the Hot Topics table, Goldberg declined to name the bakery that made the desserts, speculating that they initially denied her order due to her political beliefs.
14.11 / 16:31
markets Digital Entertainment Strategy Experts PAM International JioStar unveils leadership team of combined entity
JioStar, has announced the leadership team that will work closely with the three co-CEOs Kevin Vaz (entertainment across platforms), Kiran Mani (digital), and Sanjog Gupta (sports). Nita Ambani will be the chairperson of the merged entity while Uday Shankar will serve as its vice-chairperson. In an internal email to employees, the leadership team was unveiled.
14.11 / 12:37
markets Digital Platform Entertainment Strategy stars Sporting RIL, Viacom18 and Disney complete merger to create a Rs 70,352 cr JV
Reliance Industries Limited, Viacom18 Media Private Limited, and The Walt Disney Company announced on Thursday that the merger of Viacom18's media and JioCinema businesses into Star India Private Limited (SIPL) is now officially effective. The transaction values the joint venture at Rs 70,352 crore (~US$ 8.5 billion) on a post-money basis, excluding synergies. At the closing of the transactions, the JV is controlled by RIL and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney. The JV will be led by Nita M. Ambani, Chairperson, and Uday Shankar, Vice Chairperson, who will offer strategic guidance.
14.11 / 04:37
BLOCK Merit Entertainment Nov Courts rights Federal judge denies request to block measure revoking Arkansas casino license
A federal judge has denied an effort to temporarily block enforcement of a constitutional amendment Arkansas voters approved that revokes the state's license for a planned casino
14.11 / 00:35
markets Entertainment Strategy film Trade Experts CFM ARC wins bid for defunct Carnival Cinemas
CFM ARC has emerged as the winning bidder for defunct Carnival Cinemas. This follows CFM offering ₹78 crore to take over Carnival's ₹1,290 crore debt from rival JC Flowers ARC, which did not get any challenging bid by the October 31 deadline, people familiar with the matter said.
13.11 / 21:23
markets Entertainment Strategy CBS blues Features Interviews Blue Bloods Series Finale and Retrospective Special: Here’s release date, time and where to watch
CBS has announced the series finale of Blue Bloods, which will conclude its successful 14-season journey.
13.11 / 13:47
Provident Platform Entertainment country information Videos India Game Developer conference kicks off in Hyderabad
India Game Developer Conference (IGDC), a three-day initiative of Game Developer Association of India, began here on Wednesday with over 100 global and local gaming developers and publishers showcasing their immersive and interactive entertainment. According to a press release from the organisers, Sanjay Jaju, secretary, Ministry of Information and Broadcasting emphasised that the video gaming industry is essentially led by content and creativity and the ministry would work with the Game Developer Association of India to create high-quality talent at scale in the country aiming at dominating the global gaming space. Jaju said skill development in the Video Gaming Sector will get a massive uplift by the formation of Indian Institute of Creative Technology that the Centre is planning.
12.11 / 15:17
Entertainment awards film Actor show performer song Song Jae Rim death: Who was he? The K-drama star who won hearts in 'We Got Married', 'Queen Woo'
Born on February 18, 1985, in Seoul, Song Jae Rim's journey to stardom was anything but conventional. He first made a name for himself as a runway model before transitioning to acting. With his striking features and natural charisma, Song graced the catwalks of major designers like Juun. J, Herin Homme, and Ha Sang Beg, while also making appearances in high-profile magazines such as Vogue Girl Korea and Bazaar Korea. His presence on the runway earned him widespread recognition in the fashion world, but his true passion lay in acting.
11.11 / 12:13
Entertainment security Mobile NVIDIA DELL performer Features Amazon Laptop days: Get over 50% off on best selling laptops from top brands like Acer, HP. Sale ends today!
Best laptops with Amazon deals:The HONOR MagicBook X16 (2024) is a standout choice during Amazon Laptop Days, offering a blend of power and portability. Equipped with a 12th Gen Intel Core i5-12450H processor, 16GB RAM, and a fast 512GB PCIe SSD, it ensures smooth multitasking and rapid access to your files. Its 16-inch FHD IPS anti-glare display brings visuals to life, while the full-size numeric keyboard boosts productivity.
11.11 / 11:57
markets UPS CEO Entertainment reports Department This week: consumer prices, unemployment benefits, Walt Disney earnings
The Labor Department issues its October report on consumer prices on Wednesday, The Walt Disney Co. releases its latest quarterly financial results before the bell on Thursday followed by the Labor Department's latest report on weekly unemployment bene...
11.11 / 11:15
markets Digital Platform Entertainment awards stars Star India to make web series on Reserve Bank
Reserve Bank of India (RBI), which was set up in 1935, completed 90 years in April this year. Star India Private Limited, Viacom 18, Zee Entertainment Network Limited and Discovery Communications India were in the fray for «Production and distribution of Web Series Commemorating 90 years of RBI» after the central bank floated a Request for Proposal (RFP) in July. While Zee Entertainment Network and Discovery Communications India did not qualify beyond the technical evaluation round, Star India Pvt Ltd and Viacom 18 made it to the final round.
11.11 / 07:45
markets Digital Entertainment country stars International Sporting Disney Star's distribution head Gurjeev Kapoor leaves before Reliance-Star India merger: Sources
Gurjeev Kapoor, Head of Distribution and International Markets at Disney Star, has likely decided to leave the company to pursue entrepreneurial ambitions in the entertainment sector. Kapoor's departure comes as the $8.5 billion merger between Reliance and Disney’s Indian assets nears finalization, sources close to the development informed ET Online. «Gurjeev Kapoor has chosen not to accept a role in the Viacom18/Disney Star joint venture, opting instead to pursue an entrepreneurial career in the entertainment space,» sources told ET Online. Mukesh Ambani-owned Reliance had in February this year signed a binding agreement with Disney to merge the media operations in India, the world's most populous country with diverse demography that consumes high volume of media content.
11.11 / 01:11
markets Platform Entertainment Inside concert International Warner Music India enters live entertainment with investment in SkillBox
Subscribe to enjoy similar stories. Mumbai: Warner Music India, part of global entertainment powerhouse Warner Music Group, has made a strategic minority investment in SkillBox, the country’s third-largest ticketing and live entertainment company after BookMyShow and Insider. This move marks Warner Music India’s entry into live entertainment business, strengthening its portfolio and expanding opportunities for its artiste roster.
10.11 / 18:31
Entertainment Boxing film performer audience stars rowing 'Heretic' debuts with $11 million, but 'Venom: The Last Dance' tops box office again
For the third weekend in a row, “Venom: The Last Dance” was the No. 1 movie at the box office, collecting $16.2 million in ticket sales in U.S. and Canadian theaters
10.11 / 08:59
markets Entertainment Strategy Food Boxing film audience Does the strategy of focusing more on premium audiences pay rich dividends to exhibitors?
Cinema Lovers Day on May 31. Then, September 20 was celebrated as National Cinema Day. On both days, multiplexes capped ticket price at Rs99. This was followed by re-releasing old films which stakeholders in the exhibition industry said would be an ongoing strategy if the pipeline of Hindi films is not strikingly good enough to attract footfalls in theatres. In a sharp contrast to the prevalent business strategy of multiplexes, Mukta A2 Cinemas capped prices of food and beverages at Rs99. Quite expectedly, these initiatives have borne fruits. It is estimated that 30 lakh tickets were sold across languages and formats on the National Cinema Day itself. Even Hindi films which were re-released in theatres recorded higher collections than when they were released. A prime example is the Hindi film Tumbbad, which collected over Rs36 crore on its re-release. This is much higher than close to Rs16 crore the film collected when it was released in 2018. A key reason for this is exhibitors offered tickets in the range of Rs110-150. All these favourable developments have transpired when fresh films in the Hindi film industry are failing at the box office. This shows that when tickets are priced economically people come to theatres irrespective whether a film is old or new.
10.11 / 02:09
markets Entertainment Election Celebrity reports Courts Headlines Whopping $50 million bail proposed by Diddy, will the court release him after 8 weeks in Brooklyn jail?
Sean Diddy Combs case is one of the biggest high-profile cases the United States has seen in recent while, with some many top-tier names involved in it, that it has stayed in the headlines for months now. The latest development around the Sean Diddy Combs case has just arrived and it is being reported that he has proposed a bail for $50 million dollar but has has been denied a gag order.
09.11 / 16:19
UPS BLOCK Entertainment Nov Courts rights Lawsuit filed over measure approved by Arkansas voters that revoked planned casino's license
Cherokee Nation Entertainment has filed a lawsuit challenging a measure Arkansas voters approved this week that revokes its license for a planned casino in the state
09.11 / 12:03
markets Entertainment security Strategy Election rapper Courts Sean Diddy to be released soon? Rapper proposes $50 million bail package after Indian-origin judge rejects gag order
Sean Diddy Combs, who is facing multiple lawsuits accusing him of sexual assault and other federal charges, filed a new bail request on Friday. The controversial rapper, once a big name in the Hollywood entertainment industry, filed the request for bail saying changed circumstances and new evidence mean he should be allowed to prepare for a May trial from outside jail. Diddy has proposed a bail seeking to be released ahead of his May 5 trial on sex trafficking and racketeering charges.
08.11 / 09:27
UPS Entertainment Sony electronic reports Sony reports healthy profits on strong sales of sensors and games
Sony’s profit surged 69% in July-September on the back of strong sales of its image sensors, games, music and network services

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