GECs
Lions Gate Entertainment acquires movies from Modern Entertainment
MUMBAI: The US-based Lions Gate Entertainment, an independent filmed entertainment producer and distributor, has closed its asset purchase agreement to acquire substantially all of the Modern Entertainment Ltd. library.
The acquisition includes the rights held by Modern to leading titles from Vestron, Dino DeLaurentiis and other libraries within the Modern Entertainment family, including Conan the Barbarian, Halloween 2 and 3, And God Created Woman, Amityville 2, Eight Million Ways to Die, Hercules in New York and Earth Girls are Easy, states an official release.
“This is an accretive, strategic acquisition that meets all of our transactional criteria and reflects our commitment to continue growing our library base as a source of stable, reliable cash flow,” said Lions Gate Entertainment president Steve Beeks. “The Modern Entertainment library contains a broad range of quality content and brings valuable long-term VOD and TV rights that are consistent with our ongoing strategy of transitioning our core asset into a library of the future.”
Beeks pointed out that many of the titles acquired have been purchased by Modern in perpetuity, more than 95 per cent include television rights and a majority of the titles include VOD rights, further positioning Lions Gate’s library to exploit future technologies.
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.
