Reliance Industries Limited, through a subsidiary, has agreed to subscribe to a five percent equity stake in Eros International Media Limited at a price of fifteen dollars per share, which represents an 18 percent premium over the stock’s last closing price. The transaction is subject to customary regulatory and other approvals. Furthermore, RIL and Eros announced that they have agreed to partner in India to jointly produce and consolidate content from across India.
The Indian film entertainment company Eros International announced today that Eros Now, its digital over-the-top South Asian entertainment platform has reached 80 million registered users and five million paying subscribers worldwide. This represents growth of more than 150 percent since the end of 2016.
Inox Leisure, India's premier multiplex chain, has launched what the company says is the finest celebration of luxury in the world of cinema, the Inox Insignia at Atria Mall, Worli, Mumbai. It is the first new cinema in South Mumbai in more than nine years.
At India’s recent Big Cine Expo 2017 GDC Technology received the Innovative Technology of the Year award for its GDC TMS-2000 Theatre Management System. The award signifies the company’s commitment to providing intelligent, innovative cinema solutions to Indian exhibitors.
Christie is the exclusive projection partner of Big Cine Expo 2017, which is taking place at the Chennai Trade Centre in Chennai, India August 8-9.
PVR Cinemas has opned its first CJ4DPlex 4DX auditoriums in PVR Market City, Bengaluru and in Mumbai at Phoenix Market City, Kurla. PVR Cinemas is the largest provider of 4DX in India with 11 theatres.
The Indian post-production house FutureWorks is currently celebrating a decade in business. Senior colorist Rahul Purav spoke with Digital Cinema Report about the process of color grading and about some of the many films projects the company has worked on over the years.
Mumbai, India-based audio/mix engineer and pro audio specialist for Avid, Sreejesh Nair has chosen Nugen Audio's Halo Upmix plug-in for stereo-to-5.1/7.1/9.1 upmixing. Nair uses Halo to produce a powerfully immersive upmix on a broad range of cinema projects, including the sound tracks of well-known Bollywood titles.
Curtain Raiser, a new platform from UFO Moviez, recently enabled the producers of the highly anticipated feature film Raees to premier the film’s trailer simultaneously in theatres all across India. What made the event unique was that it also gave fans the ability to interact live with the film’s star – Shah Rukh Khan.
CityPride Multiplexes, Maharashtra, India, has deployed a complete Harman cinema audio system in its multiplex cinema. The new system features the Lexicon QLI-32 QuantumLogic Immersion processor, JBL loudspeakers and Crown DSi power amplifiers.