MAM
Shemaroo Video wins Sansui DVD awards for ‘Baghban’
MUMBAI: Sansui India together with Optical Disc Systems magazine announced India’s first DVD awards for excellence in DVD Authoring and Creation.
In a ceremony at the Taj Palace Hotel in New Delhi the award for the Best DVD Creation was given to Shemaroo Video for VR Films’ Baghban. The award for the Best DVD Design went to Ultra Distributor for Koi Mil Gaya.
While the first is a technical award that recognises a superior encoding process that contributes to audio visual quality of a DVD, the Design Award recognises packaging and presentation of DVD discs.
The Sansui ODS DVD awards are a pioneering initiative that recognise a rapidly growing new age medium for the first time in the country.
The winners were decided after a careful evaluation of all DVD titles available in the Indian market, each evaluated for technical qualities, content, presentation and packaging. The specifications for each category have been developed by the DVD Forum, Japan.
Sansui managing director Anil Khera, “DVD home entertainment in India has tremendous potential. Sansui is on a mission to develop the growth of DVD which depends on realising the much higher quality that DVD offers. The Sansui ODs Awards will definitely create a positive awareness of the DVD-enhanced home cinema.”
In the emerging DVD category, Sansui has already sold 220,000 DVD units in 2004 making it one of the leaders in the DVD category.
Optical Disc Systems magazine informs that the revenues in the US from DVD at $ 12 billion has far exceeded the cinema theatrical revenues of $ 9 billion.
In India, the DVD market is set to explode with the rapid growth in affordable incomes and promotion of home entertainment at the malls and multiplexes. The structure of the entertainment industry in India will soon emulate the developed economies. The exponential growth of DVD in India that is estimated has not been realised due to rampant piracy.
With the public awareness about DVD quality, a change in consumers’ preferences is possible. “Sansui is offering DVD players of very high quality at very reasonable prices. The Indian consumer I’m sure will respond enthusiastically once he experiences a good quality DVD and the Sansui ODs DVD Awards is the best thing that could happen to add some energy to DVD home entertainment,” Khera says.
Brands
Oyo parent Prism appoints former Sebi chief Ajay Tyagi to Board
Former market regulator joins Prism to strengthen governance for IPO
NEW DELHI: Prism, the parent entity of Oyo, has appointed former Sebi chairman Ajay Tyagi as an independent director, as the hospitality firm gears up for its planned Rs 6,650 crore initial public offering (IPO).
Tyagi, a 1984-batch IAS officer, served as chairman of the Securities and Exchange Board of India (SEBI) from 2017 to 2022. His appointment is aimed at strengthening the company’s governance framework and providing strategic oversight as it moves closer to a public listing.
He joins a high-profile board that already includes several prominent names from global business and policy circles. These include Troy Matthew Alstead, former CFO and group president of Starbucks; Aditya Ghosh, co-founder of Akasa Air; Deepa Malik, paralympic athlete and Padma Shri awardee; William Steve Albrecht, professor of accountancy at Utah State University; and Bejul Somaia, partner at Lightspeed Venture Partners.
Prism founder Ritesh Agarwal, said Tyagi’s experience in capital markets regulation and public-institution stewardship will be critical as the company scales operations and enhances long-term accountability.
The company recently filed preliminary papers with Sebi to raise Rs 6,650 crore through a confidential route. Market sources estimate its valuation will be in the range of $7 billion to $8 billion.
Over the course of his career, Tyagi has held senior roles in the ministry of finance, where he oversaw investment policy and financial-sector reforms. His induction to the Prism board signals a renewed focus on aligning the company’s internal standards with the stringent requirements of public markets as it advances toward its IPO.
