Date-wise News

U.K.-based WPP, the No. 2 advertising holding company, agreed Sept. 11 to buy New York-based Grey, the industry's No. 7 firm, in a deal initially valued at $1.52 billion in cash and WPP stock. Under that pact, either side could cancel the deal if it doesn't close by nine months later -- June 11, 2005.

exchange4media Staff Dec 4, 2004 9:40 AM

European telecom major France Telecom (Orange SA) has exited India by selling its 26% holding in BPL Mobile Communications Ltd to the Essar Group and a consortium of financial investors - Asian Pacific Systems Ltd - for an undisclosed amount.

exchange4media Staff Dec 4, 2004 9:38 AM

IMAX Corporation today announced that it would be opening five new IMAX theatres in India by 2008. Delhi, Kolkata and Jaipur are the cities that have been shortlisted for three of the five projects.

exchange4media Staff Dec 4, 2004 9:38 AM

Anglo-Dutch oil major Shell has staged a return to auto fuel retailing in India after a gap of nearly three decades, opening its first petrol pump in Bangalore last week.

exchange4media Staff Dec 4, 2004 9:36 AM

Colour television (CTV) makers expect Indian consumers to switch over to top-end plasma projection and liquid crystal display (LCD) televisions at a rapid rate. The industry expects the nascent segment sales to more than double in 2005 at 35,000 units compared with 15,000 units this year.

exchange4media Staff Dec 4, 2004 9:35 AM

Ashok Amritraj believes India is poised to make an impact on the global arena. Talking on the sidelines of CII’s seminar, ‘India: The Big Picture’, he said that the current IFFI and the market section was a good start, but required a lot more effort in building the brand across the globe.

exchange4media Staff Dec 4, 2004 9:32 AM

While more and more events like the International Film Festival of India (IFFI 2004) are coming up to promote Hindi films to the global stage, these are also creating a platform for movie channels like Zee Cinema to explore business opportunities and build more competitive brand equity.

exchange4media Staff Dec 4, 2004 9:31 AM

Sports enthusiasts in parts of Delhi are likely to miss a lot of exciting sports action as ESPN and STAR Sports went off the air on the Hathway cable network. The cable service provider has not paid the routine monthly subscription fees to ESPN Software India since September 2004.

exchange4media Staff Dec 4, 2004 9:28 AM

Animax, India’s first channel dedicated to Japanese animation ‘anime’, has entered into a strategic tie-up with Sony Entertainment Television (SET) for creation of an Animax-branded block on the channel.

exchange4media Staff Dec 4, 2004 9:27 AM

At the 9th annual regional Asian Television Awards, Discovery Channel bagged the Cable and Satellite Channel of 2004 award. Hallmark won a Gold for Best Script for Mega-matinee and a Silver for Best Out-of-House Station Image Promo.

exchange4media Staff Dec 4, 2004 9:25 AM

PK Lahiri, Secretary General of Indian Newspaper Society (INS), is relinquishing his office on January 31, 2005, after serving the organisation for seven years. He will be replaced by Deepak Raja, a media and advertising veteran who has a consultancy on the media and advertising business.

exchange4media Staff Dec 4, 2004 9:23 AM