New IT Bill ready Government of India has chalked out its detailed regulatory framework to facilitate convergence of broadcasting, telecommunications and various IT-enabled multimedia services in the country. A draft Communication Convergence Bill is almost ready according to Union Minister for Information and Broadcasting, Sushma Swaraj. An announcement to this effect was made by the Union minister at a three-day Partnership Summit organised by the Confederation of Indian Industry (CII). "Perhaps, India will be the second country in the world, after Malaysia, to enact such a comprehensive integrated law to facilitate convergence.", the minister said. "The Indian entertainment industry is second in the world, next only to the US industry, both in terms of demand for its TV programmes, films and music as well as the volume of production of such programmes and software." The Minister estimated the turnover of the Indian entertainment industry to reach Rs 60,000 crore in the next five years from the current level of Rs 15,000 crore, registering a compounded growth rate of around 32 percent per annum. The revenue turnover of television software industry would increase from its current level of Rs 1,700 crore to Rs 9,000 crore during this period. AOL acquires Time Warner after FCC approval Internet giant America Online Inc.
acquired cable and media conglomerate Time Warner Inc, on Friday,
becoming the world's largest media company after winning conditional
approval from the Federal Communications Commission. Exactly a year and
a day after the companies announced their historic marriage of old and
new media, the five-member FCC unanimously agreed to let AOL and Time
Warner go forward despite a dispute over what conditions to put on the
companies. However, the commissioners voted 3-2 on Thursday to place
restrictions on the new company's advanced instant messaging system when
it runs over Time Warner's cable lines. They also voted to force further
access to the cable pipeline by competing Internet services. |