Additional impairment loss of Rs 132.4 crore on account of its investment in Diligent Media Corporation Ltd (DMCL), the publisher of now-defunct print daily DNA, has put the News broadcaster Zee Media Corporation Ltd (ZMCL) into a loss in Q2. It had posted a net profit of Rs 17.24 crore in the same period last year.
The global OTT giant Netflix plans to raise $2 billion debt to invest in original content as it gears up to take on Disney+. It will use the fund for general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital, and potential acquisitions and strategic transactions.
Responding to a call made by the All India Digital Cable Federation (AIDCF) announcing that it would be passing on the new benefits which the channel broadcasters have introduced on to the subscribers of the service, DEN Networks and Hathway have introduced the reduced channel pricing for the subscribers.
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