"The transactions between the 'content advance entities' and the 'trade receivable entities', raise the possibility that Eros International was circulating funds whereby amounts transferred as content advances were subsequently recognized as revenue by routing it through trade receivables entities," SEBI said.

Disney+ Hotstar shall discontinue offering HBO content on its platform post-March 31, 2023. Subscribers will now have to figure out where they will watch content like Game of Thrones, The Wire, The Sopranos, Band of Brothers, Last Week Tonight with John Oliver, Succession, Barry, Westworld and much more. Sector analysts say that this could lead to a loss in paid subscriber base and market share for Disney+Hotstar.

A report by FICCI and EY estimates that by 2024, 54 percent of content produced for OTTs will be in languages other than Hindi and English.

The company's latest ventures are in tune with its policy to take the best multiplex experience to tier 2 and 3 cities. PVR INOX now operates the largest multiplex network with 1,680 screens at 359 properties in 115 cities across India and Sri Lanka.