Month: August 2023

CCI rules in favor of Subway, royalty and advertising charges not profiteering

The bench comprising Justices Surya Kant and KV Viswanahan has informed the Ajit Pawar Group that serious action will be taken if the order wasn’t obeyed.

The company collects royalty and advertising charges from its franchisees based on net sales declared by them for selling proprietary products of Subway. The rates of Royalty and Advertising Charges are mutually agreed upon with the franchisees, and Subway has no control over the individual products sold to customers.

MCA probes alleged irregularities in Zee Enterprises as SEBI’s interim order raises concerns

The regulatory body’s investigation into Zee founders, primarily focusing on Subhash Chandra and Puneet Goenka, reportedly uncovered the potential diversion of approximately Rs 20 billion ($241 million) from the company. This figure is roughly ten times larger than SEBI's initial estimates, raising concerns about financial irregularities within Zee. (Image sourced via CNBC TV-18)

SEBI’s interim order had highlighted concerns of bogus book entries and fund siphoning, leading the MCA to probe potential lapses in corporate governance.

BCCI allows consortiums in media rights auction as Sony, Zee await merger

There are back-to-back cricket tournaments during the festive period this year including the Asia Cup (August 30 to September 17) followed by the World Cup 2023 (October 5 to November 19) and brands want to capitalise on this.

This move could have a considerable impact on Sony Pictures Network India and Essel Group (Zee Network), as they are actively planning for a long-awaited merger.

SEBI gives IPO approval to Mamaearth’s parent Honasa Consumer

If a reply along with a stay vacation application is filed, WTM (whole-time member) will fix a date within a week from date of filing the reply by appellants. (Representative Image: Agence Olloweb via Unsplash)

Honasa Consumer, which offers baby, skin, body, and hair care products, plans to raise funds through a combination of fresh issue of equity shares and offer for sale.

Digital media industry rejoices as BCCI sets digital base price higher than TV for bilateral matches

In addition to the exclusive 24-hour pre-sale window, Mastercard cardholders will be able to avail a number of benefits. (Image by @BCCI via Twitter)

The e-auction for the media rights, scheduled for August 31, is expected to witness fierce competition between media giants Disney Star, Viacom 18, and Sony Pictures Networks India, as they vie for both TV and digital rights.

Megalodon set ups AI-based production house

The announcement of Megalodon Productions was accompanied by the release of AI concept film teaser video - The Creepdale, masterfully crafted using cutting-edge AI tools.

With the advent of Megalodon Productions, the company now envisions a collaboration with production houses, movie producers, OTT platforms, and brands, revolutionizing the art of storytelling and audience engagement.

BARC expands audience measurement system, adds 25,000 panel homes in 2022

The recent decision was taken under the provisions of the Information Technology Act, 2000 in consultation with other Ministries/Departments of the Government of India, and domain experts specializing in media and entertainment, women's rights, and child rights. (Representative Image: Glenn Carstens-Peters via Unsplash)

The system is reportedly all set to add another 20000 odd homes to the panel in the next three years.