Billionaire Bhupendra Kumar Modi, after selling off his stake in Spice is betting big on the Media/Entertainment market and plans to invest $1 billion in M&E over the next five years through a newly formed company, Spice Enfotainment.

..venturing into film production, television production and broadcasting, music, gaming and Internet. Modi wants to own content and distribute it over multiple platforms. “Digital and wireless is the mantra,”

The bigger bet is on the economic downturn and the after effects which will drive the valuation southwards.

Spice Enfotainment, as Modi describes will focus on the I-to-I market, i.e. Israel to Indonesia – and plans to take the content global – the co. is currently working to acquire a gaming firm.

Cabinet considers profiting from Patent Block

Council of Scientific and Industrial Research, or CSIR, India’s largest publicly funded research and development body, plans to transfer at least 3,000 patents to a separate, professionally managed company.

The proposed holding company will monetize the patents in a variety of ways-spinning off subsidiary joint ventures and licensing intellectual property, or IP, to professional firms such as Intellectual Ventures Llc., that buy and trade patents, – source

Adlabs to digitally upgrade 500 cine screens

AdLabs will digitally upgrade 500 cine screens in India in the next 18 months – using the 80,000 km of optic fibre cable (OFC) for telecommunication, laid by another ADAG subsidiary, telecom operator Reliance Communications, for transmitting movies directly to the screens – source

Relaince’s acquisition Flag Telecom will be used for transmitting the digitalised movies to worldwide theatres at a later stage.

This will surely help them weed out the piracy of movies.

Tags: India Business