Modi Entertainment, Hallmark drop JV for children's channel
Buzz TV, a joint venture between Modi Entertainment and Hallmark for a television channel, has been abandoned. This was confirmed by senior officials at Modi Entertainment when contacted by eFE.

Net Magicset to ropein a strategic investor
Net Magic, one of the country's first few Internet data centres which was set up last year, is in the process of placing equity with a strategic investor as part of its second round of funding. But Mr Sharad Sanghi, CEO, Net Magic, was not willing to divulge who the investor is likely to be.

Zee News in for a major revamp
Zee Network is concentrating on its 24-hour news channel, Zee News, more than usual. Say industry onlookers that after Sawal Dus Crore Ka, the mega gameshow on its entertainment channel Zee TV, failed to do miracles for Zee, the focus of the group has shifted to Zee News.


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