Tag: Gulbarga

Day 17: FM Phase III bidding picks pace; winning price touches Rs 1116 crore

NEW DELHI: Bidding showed mild signs of picking pace as the number of channels being bid for also increased on the day seventeen of the e-auction for the first batch of FM Phase III cities. The cumulative provisional winning price touched about Rs 1116 crore at the end of the 68th round.

With this, a total of 93 channels in 56 cities became provisional winning channels against their aggregate reserve price of about Rs 458 crore.

Thus the summation of provisional winning prices surpassed the cumulative reserve price of the corresponding 92 channels by Rs 657.59 crore or 143.5 per cent.

The cumulative provisional winning price has more than doubled at 102.8 per cent than the total reserve price of Rs 550.18 crore for the first batch of 135 FM channels in 69 existing cities.

The Auction Activity Requirement rose to 100 per cent since 14 August, after being 90 per cent after the 37th round on 7 August.

Information and Broadcasting Ministry sources said the channel allocation stage will continue as long as bids are received for any of the 135 channels.

The thirteen cities for which bids have still not come are Asansol, Gulbarga, Mangalore, Mysore, Puducherry, Rajahmundry, Siliguri, Tiruchy, Tirunveli, Tirupati, Tuticorin, Vijaywada and Warangal.

The demand in most cities fell by up to three per cent and by four per cent below the excess demand at the price in 60th round in Hyderabad.

The Percentage Price Increment (in INR) applicable for the Next Clock Round was just one in Bengaluru, Chandigarh, Cochin, Guwahati, Jodhpur, Kanpur, Mumbai and Nashik.

The highest provisional winning price in Delhi remained the same for the second consecutive day at Rs 169.16 crore (for just one channel), but rose marginally in Mumbai at Rs 122.81 crore (for two channels) while it was static in Bengaluru.

Among cities recording more than Rs 10 crore, it rose marginally in Cochin at Rs 15.04 crore and Nasik at Rs 10.94 crore.

Bengaluru with Rs 109.25 crore, Chennai at Rs 53.38 crore, Ahmedabad at Rs 42.68 crore, Pune at Rs 42.03 crore, Chandigarh at Rs 19.04 crore, Jaipur at Rs 28.34 crore, Hyderabad at Rs 18 crore, Patna at Rs 17.89 crore and Lucknow at Rs 14 crore remained static.

August 18, 2015
Day 16: Bidding slow for FM Phase III as winning price touches Rs 1090 crore

NEW DELHI: Bidding has begun to slow down though the number of channels being bid for has gone up on the sixteenth day of the e-auction for the first batch of FM Phase III cities. The cumulative provisional winning price touched Rs 1090 crore at the end of the 64th round.

With this, a total of 92 channels in 56 cities became provisional winning channels against their aggregate reserve price of about Rs 451 crore.

Thus the summation of provisional winning prices surpassed the cumulative reserve price of the corresponding 92 channels by Rs 638.71 crore or 141.5 per cent.

The cumulative provisional winning price exceeded the total reserve price of the first batch of 135 FM channels in 69 existing cities – Rs 550.18 crore – by almost 98.1 per cent.

The Auction Activity Requirement rose to 100 per cent, after being 90 per cent after the 37th round on 7 August.

The thirteen cities for which bids have still not come are Asansol, Gulbarga, Mangalore, Mysore, Puducherry, Rajahmundry, Siliguri, Tiruchy, Tirunveli, Tirupati, Tuticorin, Vijaywada and Warangal.

The demand in most cities fell by up to three per cent and by four per cent below the excess demand at the price in 60th round in Hyderabad.

The Percentage Price Increment (in INR) applicable for the Next Clock Round was just one in Bengaluru, Chandigarh, Cochin, Guwahati, Jodhpur, Kanpur, Mumbai and Nashik.

The highest provisional winning price in Delhi remained the same for the second consecutive day at Rs 169.16 crore (for just one channel), but rose marginally in Mumbai at Rs 114.66 crore (for two channels) and Bengaluru with Rs 109.25 crore.

Among cities recording more than Rs 10 crore, it rose marginally in Cochin at Rs 14.18 crore and Nasik at Rs 10.72 crore.

Chennai at Rs 53.38 crore; Ahmedabad at Rs 42.68 crore, Pune at Rs 42.03 crore, Chandigarh at Rs 19.04 crore, Jaipur at Rs 28.34 crore, Hyderabad at Rs 18 crore, Patna at Rs 17.89 crore and Lucknow at Rs 14 crore remained static.

August 17, 2015
Ghai to inaugurate multiplex in Kolkata in six months

In between helming his film institute Whistling Woods International and wielding the megaphone for his directorial comeback Kaanchi, Subhash Ghai will soon inaugurate a three-screen multiplex spread over 35,000 square feet under his brand Mukta A2 Cinemas in the City of Joy.

Coming up in the next six months at Junction Mall, Barasat, in Kolkata, this will be Mukta A2 Cinemas’ debut in West Bengal after having similar such multiplexes in Vadodara, Ahmedabad and Gulbarga. The first plex was opened in Gujarat back in July 2011.

When contacted, Nice Property director Prabhakar Kumar confirmed the news and said: “Mukta Arts has been in the distribution and exhibition business for a while now and with this chain of multiplexes, they only plan to strengthen their foothold in the industry.”

Junction Mall, Barasat, in a total mall area of 150,000 square feet, is marketed by Nice Property and is a joint venture project with North 24Parganas Zilla Parishad.

Sources said plans are afoot to invite actors the likes of Abishek Bachchan, Aishwarya Rai Bachchan and Sonali Bendre to Kolkata for the first fifteen days to promote the plex.

Also, tickets will be economically priced, keeping in mind consumer spending behaviour in Kolkata, sources informed. “Mukta Cinemas is looking at 1,200 seats. The pricing is slightly lower than other multiplexes,” a source revealed.

It is further learnt that the company has signed an 18 year lease contract and as per the agreement, the rent will be Rs 60 per sqft.

“Even if Mukta Arts achieves 50 per cent occupancy rate, this venture would give good returns to the company,” observed a media analyst, adding that there are not many high-quality plexes in the vicinity, upping the possibility of the plex doing well in future.

Ghai’s Mukta Arts is primarily engaged in motion picture production apart from production, distribution, and exhibition of television serials and entertainment software, equipment hiring, and generation and distribution of content for the entertainment industry.

September 17, 2013
Dabangg 2 is opening attraction of Mukta Arts’ multiplex in Gulbarga

MUMBAI: After four screens in Vadodara and an equal number of screens in Ahmedabad, the third multiplex of Mukta Arts Limited successfully began its operations at Gulbarga under brand name Mukta A2 Cinemas with Dabangg-2, Sarocharu (Telugu) and Yaare Kugadali (Kannada) as its opening attractions.

Located at the heart of the city, the three screens multiplex has 1252 seats and has a 2K Digital with 3D projection system which is first of its kind in Gulbarga. It also boasts of hi-tech Dolby Digital surround sound.

Subhash Ghai said, "I am happy the way our company Mukta Arts is heading faster in exhibition Division too along with our production house this year and was more happy when my friend‘s Salman khan biggest blockbuster ‘DABBANGG 2‘ opened its release with our new multiplex at beautiful city like Gulbarga."

After Gulbarga, Mukta Arts Limited is all set to launch multiplexes at Vishakhapatnam, Sangli, Raipur, Aurangabad and Bhopal shortly. Negotiations are also going on for locations such as Mumbai, Thane, Panvel, Gurgaon among others. This will add around 30 screens to the existing 15 screens.

The above multiplexes are in addition to around 170 theatres (approx. 425 screens) across the country.

December 29, 2012