OTT Deals: The Indian government has said that foreign direct investment in parts of the media businesses can rise from the current 74% to 100%, in an attempt to drag in more foreign investment into the sector. Almost all DTH services which have thrived over the last few years, are jointly owned, and in particular the rationalization of the cable industry requires a huge investment right now. The law change is targeting broadcast distribution platforms like cable, DTH, teleports, Head end in the sky, mobile TV and DTT broadcasting. We think this will trigger far ranging investments. The announcement was accompanied by positive comments from Videocon d2h, which is traded on the US Nasdaq market. Discovery Communications has plans for…