iWorld
Paramount blockbusters on Amazon Prime in India, deal signed
MUMBAI: Amazon Prime will offer unlimited free fast delivery on India’s largest selection of products, early access to top deals and unlimited streaming of latest and exclusive movies, TV shows and Amazon Originals. Amazon has announced its association with Paramount to offer subscription streaming of Paramount’s new releases and fan-favorite films in India.
Under the deal Amazon will have streaming rights to recent releases such as Teenage Mutant Ninja Turtles: Out of the Shadows, Star Trek Beyond, and 10 Cloverfield Lane, amongst others. In addition, Prime Video subscribers will also have rotating access to popular movies and classics from Paramount’s renowned library including franchises like Transformers, Indiana Jones, Mission: Impossible, Madagascar, Shrek and Kung Fu Panda.
Amazon Prime Video India director and country head Nitesh Kripalani said, “Our goal is to provide our customers with the best movies – be it local or international. We are excited to work with Paramount to bring their future slate of films to our Prime Video customers along with some of the most popular movies in film history.”
“We are delighted to have reached this agreement with Amazon to bring our world-class films to fans across India,” said Paramount TV Licensing & Distribution SVP Regional Sales Asia Pac Jonathan Greenberg said, “Our goal is to deliver our content to viewers how and when they want it and Amazon Prime Video offers an exceptional platform for fans to enjoy new and favorite films on demand.”
Amazon Prime Video recently launched in India with an aim to bring customers the best entertainment experience.
iWorld
Jio IPO faces delay as India yet to clear listing rule changes
Proposed rule change allows mega IPOs to float just 2.5 per cent
MUMBAI: The Indian government’s delay in formalising changes to listing rules may derail the targeted timeline for the initial public offering (IPO) of Jio Platforms, the digital arm of Reliance Industries controlled by billionaire Mukesh Ambani.
According to media reports, Reliance is awaiting formal notification of regulatory amendments before appointing investment bankers and filing a draft IPO prospectus. The company is now aiming to submit the draft prospectus before April, depending on when the government issues the notification.
Jio, which owns India’s largest wireless operator, is widely seen as one of the crown jewels of Ambani’s business empire. Its listing, the first public offering of a major Reliance unit in nearly two decades, could become the country’s biggest ever IPO.
Investment bankers have proposed a valuation of as much as $170 billion for the company. Even the minimum stake sale could raise roughly $4.3 billion, potentially placing Jio among India’s most valuable listed companies.
Ambani had earlier said that Reliance was targeting a listing of Jio in the first half of 2026, a plan first outlined in 2019 with a five-year timeline. In 2020, global technology groups Meta Platforms and Alphabet invested more than $10 billion combined in the company.
The delay stems from pending regulatory changes approved by the Securities and Exchange Board of India in September. The amendments allow companies with a post-issue market capitalisation exceeding Rs 5 trillion (about $55 billion) to float as little as 2.5 per cent of equity in an IPO, compared with the current 5 per cent minimum.
Such changes are expected to enable mega listings, including potential offerings by Jio and the National Stock Exchange of India. However, the reforms still require formal notification from the government.
Meanwhile, the National Stock Exchange is moving ahead with plans to raise as much as $2.5 billion through its own IPO and has recently invited banks to pitch for roles in the offering.
