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The move comes soon after the merger and the formation of JioStar, a joint venture between Viacom18 and Star India
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As Chief Business Officer, Ishan Chatterjee takes charge of overall monetisation for JioCinema
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'The Scheme appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to public policy,' the judges said in the order
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Viacom 18’s digital-focused strategy is already paying rich dividends with IPL’s first weekend viewership on JioCinema crossing the digital viewership recorded in the entire season last year. The platform set several new records with 2.5 crore+ app downloads in a single day, 147 crore video views on the opening weekend and a peak concurrency of 1.6 crore for the first match.
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Upon consummation of this merger, the integration of JioCinema into Viacom18 has been completed; and Viacom18 has access to Rs 15,145 crore of cash for its planned growth, comprising Rs 10,839 crore contributed by RIL group entities and Rs 4,306 crore contributed by Bodhi Tree Systems
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The MotoGP World Championship is the highest level of motorcycle racing in the world, in which the most skilled riders compete on world-class, high performance, the fastest prototype motorcycles on the planet, made by leading manufacturers.
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It has also received non-exclusive rights to the Winter Youth Olympic Games Gangwon 2024, said a joint statement issued by the International Olympic Committee (IOC) and Viacom18 Media, a joint venture of Viacom and Network18 Group.
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In a tweet on Monday the CCI said it has approved amalgamation of the Jio Cinema OTT platform with Viacom18 Media, following an investment by BTS Investment and Reliance Projects & Property Management Services.
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Voot Select is ramping up its regional content portfolio with focus on Kannada market as it sees strong demand for content as well paying propensity amid users for digital content.
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Disney Star, Sony Pictures, Zee and Viacom18, who have bought the tender documents, have criticised the use of sealed envelope bidding over e-auction
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The digital rights have been acquired for Rs 23,758 crore, surpassing the TV rights acquired by Disney Star for Rs 23,575 crore.
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Viacom’s IPL digital rights win also provides an exceptional opportunity for advertisers to reach a larger, younger, more relevant and highly-engaged audience.
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Disney+ may find it difficult to scale up streaming use base. Falling TV viewership will lengthen the time necessary to recoup investment and may hit margins of Star, said analysts.
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Cord cutting is a reality thanks to wide availability of high-speed mobile internet. The last winner of IPL digital rights was able to accelerate subscriber additions over the years.
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The company which already won the digital rights for Rs 20,500 crore for the Indian sub-continent has now bagged rights for matches that include the opening match, four playoff games and 13 evening double header matches.
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Experts said the deal will help Viacom18 compete better in terms of new original content and taking on global streaming giants.
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"We are very excited to partner with Bodhi Tree and lead India’s transition to a streaming-first media market," RIL chief Mukesh Ambani said.
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Viacom18's Youth Music English cluster is also launching two new YouTube channels one for short video content and the other for new emerging talent in music.
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"Your fitness journey begins with you... But it is not a journey to be made solo – it helps to have a team of trusted advisers/friends... It is the same with an organization."
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Viacom18 will provide comprehensive coverage of the NBA’s regular season and marquee events in English and Hindi on Vh1, MTV, VOOT and Jio TV.
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Decoding the changing dynamics in the media and entertainment industry, and the implications for advertisers.
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Jayaraj has joined Viacom18 from Star Sports, where he was executive vice president responsible for ad sales, global syndication and cross screen offer design and measurement.
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The move marks a significant shift in the OTT space in India, but the key to its success lies in being able to generate more revenue.
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After the reality television show's digital exclusive concludes on Voot, it will move onto the Viacom18's TV channel Colors with the launch of Bigg Boss Season 15.
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Network18 on Tuesday declared its earnings for the March quarter, reporting a 40 percent year-on-year increase in operating revenue to Rs 1,140 crore.
