Media stocks 07

IN Media Watch Briefs | 01/01/2008

Six new Indian media stocks made their debut on the bourses in calendar year 2007, of which three gave substantially higher returns over their issue prices. These were Global Broadcast News Ltd (GBN), Shree Ashtavinayak Cinevision Ltd which produced the runaway hit Jab We Met, and Pyramid Symira, which gave a return of 320.6% to close at Rs 420.60. But others including Raj Television Network Ltd, Broadcast Initiatives and Dish TV gave a negative return over their issue price. (Financial Express)

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Media Watch Briefs

Amazon resisting voluntary censorship

The new term for self censorship is voluntary censorship, as proposed by companies like Netflix and Hotstar. ET reports that streaming video service Amazon Prime is opposing a move by its peers to adopt a voluntary censorship code in anticipation of the Indian government coming up with its own rules. Amazon is resisting because it fears that it may alienate paying subscribers.

Let the games begin

Clearly, the run to the 2019 elections is on. A journalist received a call from someone saying they were from Aajtak channel and were conducting a survey, asking whom she was going to vote for in 2019. On being told that her vote was secret, the caller assumed she wasn't going to vote for 'Modiji'. The caller, a woman, also didn't identify herself. A month or two earlier the same journalist received a call, this time from a man, asking if she was going to vote for the BSP.