Pearls Broadcasting pumps Rs 400 million in P7 Pearls Broadcasting pumps Rs 400 million in P7 News and has launched its hindi news channel in Mumbai in the end of September P7 had launched a channel in Delhi in the month of March. (PBCL) also plans to additionally invest Rs 30-40 crore this fiscal to expand its business in the eastern and southern regions.

TV 18's web arm gets $ 10 mn from Nokia Web 18 Holdings, the Internet arm of Raghav Bahl-promoted TV18, will get a capital infusion of $10 million from global investor Nokia Growth Partners (NGP) II Mauritius. Web18, which has been on a fund hunt for long, will make a preferred stock allotment to NGP.

ESPN Star Sports to launch a sports news channel ESPN has applied to the Indian government for permission to downlink the proposed channel, which is likely tobe calle ESPNews. This will be the fourth channel from the ESS bouquet after ESPN, Star Sports and Star Cricket.

UTV and Bloomberg enter into a content tie up UTV Software has entered into a strategic partnership with Bloomberg for content sourcing and re-branding its business channel UTVi. The bloomberg Television network is a global 24-hours businesss and financial television service, broadcasting to more than 200 million homes.

Star is restructuring; James Murdoch arrives in India Star has recently announced restructuring plans for its India operations and James Murdoch is on a visit to India. Murdoch is visiting India for the first time after the restructuring announcement. Reports inform that he will spend time with the senior india executives and look into all the aspects of Star's business in Indian.

Prasar Bharati may lose its right as the global broadcaster of the CWG With only about 30 months to go for the 2010 Commonwealth Games, Scheduled to be held in the national capital, public broadcaster Prasar Bharati may stand to lose its right as the global broadcaster of the event in the absence of any budgetary support in the Eleventh Plan allocation (2007-12), for the digitisation of Prasar Bharati network.

Real Image to distribute Houdini in India Real Image Media Technologies has become the official and only distributor os side Effect software's Houdini in India. Real Image will be distributing the whole family of Houdini products including Houdini Master for VFX, Houdini Escape for animation, the Mantrarenderer, as well as the command-line Houdini Batch.

Prime Focus restructures mgmt; Naresh Malik joins as CEO, Films Prime Focus announced importantchanges to its senior management in line with a strengthening and restructuring exercise of its leadership team. As part of a concerted effort to accelerate growth in each of its verticals, the company has appointed, Naresh Malik (former CEO of Pixion), CEO, Film, Prime Focus India.

Disney to acquire Marvel Entertainment The Walt Disney company has agreed to acquire Marvel entertainment in a stock and cash transaction, the companies announced. Under the deal, Disney will acquire ownership of Marvel including its more than 5,000 Marvel characters.

Quintessential studios Launches in Mumbai The Major focus of the studio would be on outsourced work for overseas clients. On the IPR development front, the studio has its own IP, a full-length 90 minute theatrical animated feature film, which is a blend of 2D 3D animation called 'Adventures of Mooni' on which the studio is currently working.