GECs
FIPB clears Jagran TV, Bloomberg’s FDI proposals
MUMBAI: The Foreign Investment Promotion Board (FIPB) has cleared Jagran TV and Bloomberg’s foreign investment proposals.
Jargan TV proposal entailed offloading around 25.7 per cent stake in the news television venture to the Mauritius-based New Vernon Bharat Ltd,which is a fund.
The company had applied to the FIPB for approval of the deal worth approximately Rs. 300 million.
Jagran TV, part of the Kanpur-based Jagran group, has started a TV news channel with an initial investment of about Rs. 700 million.The channel is operated under the brand name Channel 7.
Contacted by Indiantelevision.com over phone, Jagran TV’s director Siddharth Gupta confirmed that the development.
Jagran and Bloomberg were amongst the 19 proposals, worth about Rs. 4,450 million, cleared by the FIPB for the finance minister’s final approval.
In case of Bloomberg, FIPB cleared the proposal to set up a wholly-owned subsidiary for starting up a television software operation in India. Bloomberg is active in providing financial information and services via terminals. It also runs a TV channel under the brand name Bloomberg TV.
Bloomberg’ s proposed subsidiary would produce and distribute television programmes related to business and financial news in English to Indian television channels.
Bloomberg proposes charge its new Indian entity $300,000 in the first year of operations towards technical services fee. Consequently, the company will charge it $100,000. Furthermore, Bloomberg may also charge the Indian arm for access to Bloomberg data, news and other facilities.
The new Indian entity will also build and operate a data screen in the style used by Bloomberg in its international television operations.
The Bloomberg datascreen, which is generated by a proprietary software application, when connected to the feed of Bloomberg market data and news, populates a display area allowing viewers to see the data and video programmes on a unique screen.
GECs
Samsung TV Plus launches Kings of Comedy channel
New free FAST channel brings iconic Hindi comedy shows to millions of Samsung Smart TV owners.
MUMBAI: Samsung TV Plus has just turned up the laughter volume and it’s completely free. The leading free ad-supported streaming television (FAST) service in India has launched Kings of Comedy, a premium comedy channel featuring some of the country’s most beloved primetime shows. Available exclusively on Samsung TV Plus, the channel delivers back-to-back hits including Comedy Nights with Kapil, Khatra Khatra Khatra, and Comedy Nights Bachao, with no login or subscription required.
The launch marks a milestone for free streaming in India, offering audiences a dedicated comedy destination directly from their Samsung TV home screen. It arrives as Samsung TV Plus India celebrates its 5th anniversary, during which the service has grown its monthly active users by 42 per cent and more than doubled its total viewing hours. The platform now offers over 180 free channels across 14 languages.
Samsung TV Plus India general manager and head of business development Kunal Mehta said, “Comedy is the heartbeat of Hindi entertainment, and Kings of Comedy brings together the shows Indians already love, completely free on their Samsung TV. Our focus remains the same take the content people know and make it effortless to access.”
Globally, Samsung TV Plus has surpassed 100 million monthly active users across more than 4,500 channels, solidifying its position as one of the world’s leading free streaming services.
Kings of Comedy is now available on all compatible Samsung Smart TVs. For viewers seeking non-stop laughter without any cost, this new channel delivers a royal treat proving that sometimes the best entertainment really does come with no strings (or subscriptions) attached.
