The move comes amid heightened competition, with SonyLiv, Zee5, Netflix and Amazon Prime Video all expanding their regional offerings, especially in southern languages.
EXCLUSIVE: Industry vet Alison Cornwell, who most recently served a decade as CFO of leading international cinema chain Vue, has joined emerging UK media company Easttree Media in the same role.
It’s being reported that the Middle East funding purportedly secured by Paramount to bid for Warner Bros. Discovery is what led it to lose the auction for the company.
Los Angeles, USA, Paramount makes a surprise offer to Warner Bros. Discovery on December 9, challenging Netflix's takeover plans with a far higher bid backed partly by Jared Kushner's investment firm.
JioHotstar has pledged a significant Rs 4,000 crore investment over five years to boost South India's creative economy.
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