Month: November 2016

DishTV expands its HD offering

DishTV expands its HD offering

MUMBAI: DishTV, has added three new regional HD channels to its HD offerings. With addition of these channels, DishTV encourages regional language subscribers to opt for HD TV viewing in their preferred language such as Marathi and Bangla.

The newly added channels from DishTV include Zee Marathi HD, Zee Bangla HD and Colors Marathi HD.

Announcing this new development, DishTV India chief executive officer Arun Kapoor said, “DishTV has always taken the lead in enhancing the value proposition and believes in providing the maximum and the best in entertainment to its subscribers. Our endeavor is to increase affinity with our audiences by providing them the choice of content they would like to watch. With a sharp focus on regional language content, the move aims at connecting strongly with the regional language subscribers. Addition of 3 new regional HD channels will not only strengthen our presence in the HD space but will also diversify our offerings.”

Having already built a strong connection with the regional audience through their regional channels in HD such as Gemini HD and ETV HD in Telugu, and Sun TV HD, Sun Music HD and KTV HD in Tamil, Zee Talkies HD in Marathi, Colors Kannada HD in Kannada, Colors Bangla HD in Bangla, the addition of three more new channels exemplify DishTV’s commitment to cater to a wide range of viewers in all the regions.

DishTV’s newly added channels will be available to the subscriber for a free preview till December 28, 2016.

Taxing e-ways cash in on utilities

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Taxing e-ways cash in on utilities

MUMBAI: Utility and other companies are seeing more pronounced use of plastic money or online payments -- the obvious choice of the connected world in the times of demonetisation.

Since inception, DishTV has been open to e-payment. The company is in sync with the government's demonetisation. It has witnessed over 65 lakh unique transactions through electronic payment till date.

The service tax component on the above transaction was approximately Rs 2600 lakh. DishTV incurred a collection cost of four per cent on the tax. The tax is in addition to state entertainment tax and the license fee levied by MIB on DTH operators. Other distribution platform are not subject to license fee.

As per industry estimates Rs 25000 crore of turnover escapes tax compliance in Cable TV services which results in loss of direct and indirect taxes to the tune of Rs. 8000 crore to the exchequer on annual basis. Demonetisation, timely implementation of digitisation and rollout of GST will bring in much needed transparency and ensure a level playing field.

Not only the entertainment services, the transport services too are using plastic money. Popular digital payment solution, Ola Money can be used at over 25 major utilities including BESCOM, BSES, Reliance Energy and Indraprastha Gas. It is already being accepted by over 500 merchants across online payments and offline POS, outside the Ola platform. A maximum recharge of up to Rs. 20,000 is permitted on Ola Money wallet until 30 December, 2016.

Ola Money announced that it has enabled cashless payments through its wallet for key utilities. By selecting the ‘Bill Payment’ option on the Ola Money app and selecting their utility provider, users can instantly pay their utility bills with one touch. The RBI recently increased the recharge limit on wallets like Ola Money from Rs. 10,000 to Rs. 20,000 until 30 December to facilitate cashless transactions.

Ola Money SVP and head Pallav Singh said, “We are proud to add 25 leading utilities to this list. We are coupling our experience in payment technology with our deep commitment to keep India moving towards a cashless economy." Ola Money can be recharged using net banking debit cards or credit cards including MasterCard, VISA, American Express and RuPay.

The department of telecommunications notification has extended the deadline for the acceptance of 500 rupee notes as legal tender for recharging prepaid phones for top-ups till 15 December, 2016. The Cellular Operators Association of India (COAI) director-general Rajan Mathews said, “Despite initial teething problems, demonetisation will benefit the nation by driving increased digital transactions, promoting transparency, boosting tax collection and ensuring social equity.."

Continuing the use of old Rs 500 notes as legal tender for prepaid mobile services is crucial because industry estimates indicate between 30 per cent and 50 per cent fall in demand as customers are still struggling with less cash in hand.

Sony’s Andrew Gumpert joins Paramount Pictures as COO

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Sony's Andrew Gumpert joins Paramount Pictures as COO

MUMBAI: Former president of worldwide business affairs and operations for Sony’s Motion Picture Group and veteran Hollywood finance authority Andrew Gumpert has joined Paramount Pictures as its chief operating officer. The film studio’s chairman and CEO Brad Grey announced the hiring of Gumpert.

With this new role, Gumpert is in charge of business affairs, home entertainment and television transactional distribution. He will also oversee the studio’s operations ranging from strategic planning, to labor relations, to parks and resorts. Gumpert replaces long-time COO Frederick Huntsberry who was at Paramount for a decade.

At Sony, Gumpert arranged the studio’s financial partnerships with MGM, Lone Star Capital, Village Roadshow, China’s Dalian Wanda Group, etc.

Gumpert joined Sony Pictures Entertainment in 2005 as the executive vice president of business affairs for Columbia Pictures. Several reports suggest that Gumpert resigned from Motion Pictures Group on 8 November because of the studio’s chairman Tom Rothman’s micro-management and contentious manner. Before this, he led business and legal affairs for Miramax’s Dimension Films division.

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