Re: Reliance Entertainment 's Next Full Movie 720p
Austin Vermont
NEW DELHI: Shibasish Sarkar, group chief executive officer at Anil Ambani-owned Reliance Entertainment, will step down from his role, aiming to raise $200 million for a new media and entertainment venture called International Media Acquisition Corp over the next few months, according to a filing with the US Securities and Exchange Commission that has been reviewed by Mint.
The new firm will look at acquiring media and entertainment companies that offer interesting opportunities in the film, television, OTT (over-the-top) streaming, radio, music and podcast, animation and gaming space across North America, Europe and Asia. It will target entities with an enterprise value of between $150 million and $500 million.
The covid-19 global pandemic will impact the M&E industry differently within various segments. Our management expects that there will be some strong businesses that may end up in special situations and may need capital and expertise to grow their business," the SEC filing says.
To be sure, Mint had earlier reported that the parent Ambani group had ceased funding the entertainment vertical which Sarkar has headed for about two years now, and that Reliance Entertainment had been working largely independently by managing loans and syndications including selling satellite and digital rights for older films and animation adaptations for franchises such as Singham and Golmaal. While some titles such as Simmba and Super 30 had set cash registers ringing, cash flows had been affected during the lockdown.
There is a group ecosystem and there is a Reliance Entertainment ecosystem. Of course, we work within the overall group parameters but at the end of the day, we virtually operate like an independent business house and run the show ourselves," Sarkar had said in an earlier interview.
Mukesh Ambani is set to lead Reliance Industries Ltd. into a non-binding pact with Walt Disney Co. The agreement, expected to be finalized possibly on Monday, outlines a cash-and-stock deal aimed at merging their respective media operations in India, as per sources cited by Bloomberg.
Ambani's conglomerate plans to invest funds to secure a minimum of 51 per cent ownership in the merged entity if the deal is successful, as per the report. The remaining stake will be held by Disney, resulting in the creation of one of the most significant media giants in India.
Following the signing of the exclusivity agreement next week, the diligence and valuation processes will commence, with the outcome influencing the amount Reliance plans to invest in the business, as per the report.
The terms of the deal have not been conclusively decided, and both parties retain the option to cancel the transaction, as per the report. The proposed merger plan was initially disclosed by The Economic Times newspaper earlier on Tuesday. This significant multi-billion-dollar transaction, reported by Bloomberg in October, reflects Ambani's substantial aspirations in India's media and entertainment sector, which has already attracted global giants such as Netflix Inc. and Amazon Prime.
In 2022, Reliance acquired the streaming rights for the Indian Premier League for $2.7 billion and secured a multi-year agreement in April to broadcast HBO shows from Warner Bros Discovery Inc. in India.
Reliance Entertainment, a leading player in the Indian entertainment industry, and Mid-Day Infomedia Limited (100 per cent owned subsidiary of Jagran Prakashan Limited, a leading media conglomerate in the business of print, radio, outdoor, and digital with iconic brands like Dainik Jagran, Radio City, Mid-Day, Dainik Jagran-inext, Nai Dunia, etc.) have joined forces and are delighted to announce a strategic collaboration. This innovative partnership aims to leverage the strengths of both entities to create captivating content inspired by real-life stories.
Shailesh Gupta, director of Mid-Day Infomedia Limited and whole-time director of Jagran Prakashan Limited, also shared his perspective on the collaboration, stating, "Our collaboration with Reliance Entertainment aligns seamlessly with our mission to connect with audiences on a profound level through meaningful narratives. The power of storytelling is immense, and together, we can harness this power to bring stories that inspire, inform, and entertain."
This collaboration is expected to yield a plethora of content across various mediums, including films, web series, documentaries, etc., enriching the entertainment landscape with authentic and relatable narratives. Reliance Entertainment and Jagran Group are poised to captivate hearts and minds, ensuring that their collaborative efforts leave an indelible mark on the world of entertainment.
The City of Deadwood experiences ongoing challenges with parking operations and management, especially during the busy times of the year when Historic Deadwood draws hundreds of thousands of visitors. The city is currently undergoing the development of a Parking Management Plan (PMP) in collaboration with national parking experts Walker Consultants.
The purpose of the planning effort is to assess how on and off-street parking in Deadwood is being used, identify issues and opportunities, and develop a plan for efficiently operating and managing public parking now and into the future. The city expects continued growth and change for Historic Deadwood, along with maintaining its status as a premier visitor destination for history, gaming, recreation, and entertainment.
Promoting a high-level of access and customer service for residents, businesses, and visitors, maintaining the unique heritage and vibrancy of Deadwood, and ensuring efficient use of parking resources is a key guiding principle for the city as it operates and manages parking. The city recognizes there is a host of operations and management best practices it needs to employ to efficiently manage existing parking supply and provide maximum customer service for residents, business owners, employees, and visitors to Historic Deadwood.
An online survey was launched in late January and closed in early March 2023. A total of 1,317 responses were received on the survey, including from 364 residents, 228 employees, 40 business owners, and 685 visitors. The below summarizes some of the primary key takeaways from survey responses, categorized by parking user type.
The PMP is entering its next phase, where the team will be evaluating strategies for improving the current operations and management of existing public parking supply, conducting an analysis of future parking needs in Historic Deadwood based on proposed development projects, and finalizing a feasibility assessment of sites for a potential future parking garage.
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