{"id":846842,"date":"2024-08-22T10:34:48","date_gmt":"2024-08-22T05:04:48","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=846842"},"modified":"2024-08-22T10:35:05","modified_gmt":"2024-08-22T05:05:05","slug":"indias-zomato-expands-movie-and-event-ticketing-business-with-244-million-paytm-deal","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/22\/indias-zomato-expands-movie-and-event-ticketing-business-with-244-million-paytm-deal\/","title":{"rendered":"India\u2019s Zomato expands movie and event ticketing business with $244 million Paytm deal"},"content":{"rendered":"<p> BENGALURU (Reuters) -India&#8217;s Zomato said on Wednesday it will acquire the movie and events ticketing businesses of digital payments firm Paytm for $244.2 million as the food delivery platform looks to beef up its fast-growing ticketing business.<\/p>\n<p>The acquisition bolsters Zomato&#8217;s presence in India&#8217;s online ticketing market for movies and live events, currently dominated by Reliance-backed BookMyShow.<\/p>\n<p>Paytm, which has been BookMyShow&#8217;s closest competitor since 2017, will now hand over its market share to Zomato by selling its &#8216;ticketnew&#8217; platform, which sells movie tickets, as well as its &#8216;Insider&#8217; platform, which handles tickets to live events.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU (Reuters) -India&#8217;s Zomato said on Wednesday it will acquire the movie and events ticketing businesses of digital payments firm Paytm for $244.2 million as the food delivery platform looks to beef up its fast-growing ticketing business. The acquisition bolsters Zomato&#8217;s presence in India&#8217;s online ticketing market for movies and live events, currently dominated by Reliance-backed BookMyShow. Paytm, which has been BookMyShow&#8217;s closest competitor since 2017, will now hand over its market share to Zomato by selling its &#8216;ticketnew&#8217; platform, which sells movie tickets, as well as its &#8216;Insider&#8217; platform, which handles tickets to live events.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-846842","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/846842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=846842"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/846842\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=846842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=846842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=846842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}