Entertainment Network (India) has entered into a Brand and Content Licensing arrangement with a Dubai based radio broadcaster - Dolphin Recording Studio LLC (DRS) to use the Company's trademarks and content. DRS operates Hindi/ Urdu language radio station currently branded as 'Suno FM'. It will now be rebranded as 'Radio Mirchi'/'Mirchi' on mutually agreeable terms and conditions. Both the parties are in the process ofsigning a Long Form Agreement which is expected to be completed by 28 February 2021.

Powered by Capital Market - Live News

Net loss of Entertainment Network (India) reported to Rs 24.75 crore in the quarter ended September 2020 as against net profit of Rs 0.19 crore during the previous quarter ended September 2019. Sales declined 57.28% to Rs 47.57 crore in the quarter ended September 2020 as against Rs 111.34 crore during the previous quarter ended September 2019.

Powered by Capital Market - Live News

Entertainment Network (India) announced that its subsidiary, Entertainment Network, LLC has terminated one of the multiple time brokerage agreements with a US based broadcasters to broadcast radio programmes and content targeting the South Asian community in New York and New Jersey.

The Company will continue with remaining Time Brokerage arrangement with US bases broadcaster having presence in New Jersey.

Powered by Capital Market - Live News

Entertainment Network (India) will hold a meeting of the Board of Directors of the Company on 4 November 2020.

Powered by Capital Market - Live News