MAM
JAKKS Pacific, FremantleMedia to develop Family Feud TV games
MUMBAI: JAKKS Pacific, Inc. announced that it has extended its TV Games licensing agreement with FremantleMedia Licensing Worldwide, Americas (the US licensing division of FremantleMedia) to include TV Games GameKey expansion packs for the Family Feud TV Games titles.
The TV Games GameKey expansion packs, based on the classic game show, will offer themed games and additional quiz questions.
The Plug It In & Play TV Games products are gaming systems that contain multiple games in one single controller and plug directly into the A/V jacks of any standard television.
The TV Games GameKey expansion pack is the next-generation innovation for the award-winning TV Games product line. GameKey expansion packs offer users the opportunity to add more games made exclusively for their favorite TV Games controllers, and will cost significantly less than the price of a TV Games unit.
“Our expanded agreement with FremantleMedia seeks to maximize the TV Games brand with the classic game show Family Feud, which continues to be one of the most watched game shows on television. Now families can go head-to-head in their own home with Family Feud TV Games and Family Feud GameKey expansion packs,” said JAKKS Pacific, Inc vice president of Interactive Nelo Lucich.
FLW, Americas vice president licensing David Luner added, “The Family Feud format translates perfectly into a variety of gaming applications. TV Games is an ideal product to experience the show with your friends and family and will help create new generations of fans for one of the greatest game shows of all-time.”
The Family Feud TV Games unit is expected to launch in 2006, with a suggested retail price of approximately $19.99. Family Feud TV Games GameKey expansion packs are expected to hit retail shelves also in 2006.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
