MAM
Amagi deploys Cloudport playout for Magic of Cinema
MUMBAI: Amagi, the cloud-based broadcast infrastructure, has announced a full-fledged deployment of its Cloudport Edge Playout servers for Magic of Cinema (MOC), a 24×7 free-to-air movie channel across 17 digital cable platforms.
Using cloud technologies, Amagi has enabled MOC to launch its channel at a fraction of traditional satellite/fiber infrastructure costs. The entire playout is managed at Amagi’s Data Operations Center in Bengaluru. Amagi’s Cloudport edge servers and its cloud-based unified management user interface has dramatically simplified channel playout across multiple cable platforms for MOC.
“We evaluated several platforms and finally chose Amagi for its technology superiority and an attractive PaaS business model. It allowed us to avoid high capital expenditure and upfront investment without compromising on the broadcast quality. As our viewership expanded over time, Amagi helped us scale our business giving us the required flexibility and reliability. Amagi has been a true partner in our growth” said MOC CEO Sricharan Iyengar.
Amagi’s Cloudport platform runs on the cloud, with benefits of unlimited storage and accessibility. Amagi has already implemented its cloud technologies in more than 10 countries covering multi-country feeds. The platform has advanced features such as dynamic graphic overlays and sub-parting that met MOC’s exacting quality and feature requirements.
“MOC is a fast growing movie channel with a line-up of rich and contemporary content. Amagi’s advanced technology platforms coupled with uninterrupted 24×7 playout and monitoring service has successfully and consistently met MOC’s evolving needs. We are very positive about MOC’s potential and Amagi is fully equipped to support the channel’s growth aspirations” said Amagi cofounder Srividhya Srinivasan.
MOC has a wide array of over 1,500 Hindi cinemas, and is available on leading digital cable platforms including Hathaway, DEN, Siticable, UCN and Incable.
Brands
Kotak Mahindra Bank appoints Ramesh Iyer to board
Veteran financier replaces Ashok Gulati, who retires in March
MUMBAI: Kotak Mahindra Bank has announced a change to its board of directors, with independent director Ashok Gulati set to retire at the end of his term on 5 March.
The company said it has appointed Ramesh Ganesh Iyer as an additional and independent director for a four-year term, effective 17 February, subject to shareholder approval.
Iyer brings more than four decades of experience in financial services. He spent much of his career at Mahindra & Mahindra Financial Services, where he served as vice chairman and managing director before taking on the role of president for the financial services sector and member of the group executive board at Mahindra & Mahindra. He retired from the group in April 2024.
During his tenure, Iyer was instrumental in expanding rural and inclusive finance initiatives, scaling the company’s assets and customer base. He also led the creation of subsidiaries in rural housing finance, insurance broking and asset management, and oversaw international joint ventures.
Iyer holds a commerce degree and a doctorate of letters, and currently serves on the boards of several listed and unlisted companies.
The board meeting approving the changes was held in Mumbai on February 17 between 6.30 pm and 6.50 pm.
