Paytm and Zomato are in talks to buy each other's movie and ticketing businesses.

Zomato and Paytm are in negotiations to buy the movie and ticketing businesses, with an emphasis on growing the entertainment market.According to reports, Zomato is in negotiations to buy Paytm's movie and ticketing division. Paytm is a fintech player. This occurs when the fintech company is concentrating on its primary lines of business, which include financial services and payments. The leading meal delivery company is simultaneously trying to capitalize on the expanding demand from customers for entertainment and going out.Zomato disclosed in a BSE filing that it is in talks with Paytm to buy its movie and ticketing division. As per the company's declared strategy of concentrating solely on its four primary operations at now, the aforementioned conversation aims to enhance its Going-out division, according to the meal delivery service.

The business has been investing more in its events division. Zomato Entertainment, which specializes in selecting and offering tickets for events including concerts, parties, and festivals, is receiving an investment of Rs ₹100 crore from it.Additionally, it is investing ₹300 crore in its rapid commerce division, Blinkit.