Month: November 2024

Union Govt has not worked even handedly with states on gaming sector: TN IT Minister

Tamil Nadu was the first state to actually pass a bill banning real money gaming. (In picture: IT Minister of Tamil Nadu, Dr. Palanivel Thiagarajan)

During an event in Hyderabad, IT Minister of Tamil Nadu, Dr. Palanivel Thiagarajan told Storyboard18 that gaming-specific policies and decisions should be apolitical. He also shared of working on the modified policy for real money gaming ban.

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Categorized as Gaming Tagged

‘It is not always about making money and getting returns’: Adar Poonawalla and Karan Johar discuss Dharma acquisition

This unprecedented 50/50 partnership promises to usher in a new chapter for the Indian entertainment industry, with external investments shaping creative expansion, distribution networks, and new verticals. (L-R: Karan Johar, Adar Poonawalla)

Karan Johar described the recent acquisition of Dharma Productions by Adar Poonawalla’s Serene Productions as a “great marriage of two minds.”

Reliance-Disney JV: Who are the top leaders at JioStar?

The transaction values the JV at ₹ 70,352 crore (~US$ 8.5 billion) on a post-money basis, excluding synergies. At the closing of the transactions noted above, the JV is controlled by RIL and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney.

The JV will be one of the largest Media & Entertainment companies in India with pro forma combined revenue of approximately Rs 26,000 crore for the fiscal year ended in March 2024.

Reliance and Disney complete transaction to form JV; Nita M. Ambani to be Chairperson

The transaction values the JV at ₹ 70,352 crore (~US$ 8.5 billion) on a post-money basis, excluding synergies. At the closing of the transactions noted above, the JV is controlled by RIL and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney.

Nita M. Ambani will be the Chairperson of the JV, with Uday Shankar as Vice Chairperson providing strategic guidance to the JV. Reliance has invested Rs 11,500 crore growth capital in the Joint Venture.

AVGC 2.0 policy to be implemented by January’25 | Intel’s Roshni Das quits | RMG sector to be regulated by MeitY

Telangana IT Minister, D. Sridhar Babu confirmed the development to Storyboard18, during a press meeting at the 16th edition of the India Game Developer Conference (IGDC) which is being organised by the Game Developer Association of India (GDAI). The conference is taking place from November 13-15 at the Hyderabad International Convention Centre (HICC).

Storyboard18 brings you top five news updates from the world of advertising, marketing and business of brands.

EXCLUSIVE: AVGC 2.0 policy to be implemented by January’25: Telangana IT Minister

Telangana IT Minister, D. Sridhar Babu informed the media that the state is also pitching to have a Center of Excellence in Telangana.

Telangana IT Minister, D. Sridhar Babu told Storyboard18 that AVGC 2.0 would be more attractive for start-ups and for innovation, at an event. He also said that responsible gaming and ethical considerations will be kept in mind while framing the policy.