Popular digital wallet Paytm’s Paytm Bank gets an infusion of Rs 122 crore. Paytm founder Vijay Shekhar Sharma has invested Rs 62 crore, while the rest was put in by One97 Communications and One97 Communications India.
Original content is what makes any OTT player popular among the users. Global OTT giants like Netflix is investing huge amount in original series to keep viewers. Popular OTT app Eros Now has also launched five new original shows that will release over the next two financial years FY18/19.
Nikhil Madhok has returned to his previous employer Star TV after a brief stint at Discovery Networks Asia Pacific. At Star, he will handle content. Some time back, Madhokwas hired by Discovery as SVP, head of products with the specific task of spearheading the re-development of the company’s product suite. He had worked with Star for more than six years.
Xstream, the leading OTT and TV Everywhere enabler, has launched a new tool that will enable broadcasters to live stream their OTT content. The award winning MediaMaker OTT/VOD platform can live telecast events and other content.
While debates about net neutrality are reaching globally, the US media watchdog Federal Communications Commission is planning to get rid of net neutrality. The plan will give service providers the freedom to charge customers for different services and applications.
Giving its customers more options to make payments, Hike has partnered with Airtel Payments Bank. The messaging and social technology player Hike has over 100 million registered users and its wallet crossed 5 million transactions in November, growing by over 30% month-on-month.
The telecom regulator TRAI will organize a customer outreach program in Dharbanga. These programmes are primarily intended to outreach to the customers, industry bodies, State Govt., various government bodies, CAGs and TSPs.
As more and more viewers are shifting to digital platforms for content consumption, advertisers are too shifting their spending towards the same platforms. This has been echoed by the recently released ASSOCHAM-KPMG report.
YO TV, Saral Jeevan, Tunes 6, Vaanavil TV, and Prameya News7 have been served disconnection notice by the leading direct to home (DTH) operator Tata Sky. The channels will not be available on the platform from 12 December.
Amrita Pandey has been promoted to the newly created post of Regional Head, Media Distribution & OTT, South Asia by Walt Disney. She will handle the South East Asian (SEA) regional markets of Singapore, Malaysia, Indonesia, Thailand, the Philippines and Vietnam to her current purview of India.
Displacing You Broadband, Hathway Cable & Datacom, the leading cable TV and broadband service provider, has now become the fifth largest wired broadband service provider in the country for the month ending 30 September, as per Telecom Regulatory Authority of India’s (TRAI) telecom subscription data report.
The leading broadband service provider ACT Fibernethas added 7 more cities in Andhra Pradesh. These cities are: Vijayawada, Vizag, Guntur, Nellore, Tirupati, Eluru and now Rajahmundry. ACT has introduced four broadband plans bundled with free subscription, free wifi routers and additional data offers. Currently, ACT covers 12 cities in the country.
According to media sources, the US government is ready to file a case to red flag AT&T's merger with Time Warner. The deal involves $85 billion. It was made public a year ago that they would merge. AT&T is a leading internet and pay TV delivery network.
The social media giant Facebook is currently working for its original video streaming service ‘Watch’ which is expected to be launched in India in the beginning of 2018. Already available in the US< Watch is the next big step of Facebook towards video content delivery.
Through bought deal financing, a massive fund of $5.75 million has been raised by Toronto-based QYOU Media. It is a media company that curates and packages premium video for multiscreen distribution.
Through a press release dated 21 Nov 21017, the telecom regulator TRAI Consulting TRAI has proposed to relax spectrum holding limit rules, a move that will benefit the merged entity of Vodafone India and Idea Cellular to retain all their airwaves, while also allowing Jio to mop up more airwaves in the 800 MHz band, if it wants to.
The fate of sold DTH platform Reliance Digital TV is in limbo as after Sun TV Network, Discovery Communications India too has reached the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) to recover dues.
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