TRENDS
Animal goes wild at the box office with Rs 300 crore collection but can it save the day in Q3?
Animal has faced criticism in many of the film reviews but its box office performance has seen no impact with the film at the top globally. Another release Sam Bahadur is also picking up pace at the box office. December has started on a strong note due to the two new releases after a dull show in the last two months.
TRENDS
Here’s why Bengaluru is special for Booking.com where it looks to ramp up hiring
The company has launched a centre of excellence in Bengaluru where it is working on one of the first projects of building a big transformational program in financial management.
TRENDS
PVR Inox continues its bet on premium screens, says India at forefront in cinema innovation
The new property called Maison Inox opening comes at a time when the content lineup looks very strong with Ranbir Kapoor's Animal is slated for December 1 and will clash with another much awaited film Sam Bahadur starring Vicky Kaushal
BUSINESS
Game streaming firm Loco lays off 36% of staff as it eyes leaner cost structure
The company is focusing on core objectives like monetisation which has led to the layoffs as the it looks at a leaner cost structure.
TRENDS
Best time to be a comedian with more reach via social media, OTTs: Vir Das
Standup comedy artiste Vir Das in conversation with Moneycontrol highlighted how the standup comedy industry is growing in India and how streaming apps also are giving a bigger platform to comedians and helping them reach a wider audience. Das who won an Emmy for his show Landing said that it is streaming platforms that opened up new markets for him.
TRENDS
Play to Pay: Indian gamer earnings soar to Rs 20 lakh annually as esports goes mainstream
Many gamers in the country see a career in gaming, which has become a viable profession because of the surge in esports tournaments
TRENDS
One of the biggest festivals for pets expands to more cities and brands make a beeline
India’s pet market is currently estimated to be worth Rs 6,000-7,000 crore, with the pet population of 32 million pegged to rise 11-12 percent annually.
TRENDS
Curtains come down on Chennai's iconic Adyar Park hotel and Chennaites can’t keep calm
Baashyam Constructions has bought the place and will be building a residential complex, a 34-storey building in place of Crowne Plaza, according to a person aware of the development. This building could also become an iconic place for the new Chennai but the Plaza was kind of a public place which will now become a private place, he said.
TRENDS
Big B, Katrina Kaif fail to comply with disclosure norms; most ads flout influencer guidelines
The Advertising Standards Council of India in its half-yearly complaints report, for the period April to September, 2023, said that 99.4 percent advertisements processed for influencer guidelines were found to be in violation
TRENDS
ICC World Cup 2023 ad revenue beats estimates, digital scores higher
Ad spend on digital for World Cup 2023 has doubled versus the previous 2019 edition. This comes on the back of strong viewership for India matches with the final match between India and Australia witnessing record viewership.
TRENDS
India box office to surpass pre-Covid business, all eyes on SRK's Dunki, Prabhas' Salaar
Salman Khan-starrer Tiger 3 has set the ball rolling for Q3 FY24 with its entry in the Rs 200 crore club in a week. The spy venture from the house of Yash Raj Films also became the biggest opener for a Salman Khan-starrer with first day collections at around Rs 42 crore.
BUSINESS
Diwali brings cheer to retailers, sales to surpass pre-Covid levels
Expectations are that business would show high single digit growth versus last year. Also, the marriage season will start by last week of November and this should help businesses," estimates Retailers Association of India.
TRENDS
After a dismal start to festive season, theatres bank on Salman Khan's Tiger 3 for Diwali bonanza
PVR Inox expects the extended Diwali weekend to bring in around Rs 240 crore.
TRENDS
Zee sees slow recovery in ad spending, expects some impact of cricket World Cup in Q3
The star performer in Q2 for Zee was Sunny Deol-starrer Gadar 2 which is the highest ever box office movie for Zee Studios. Analysts note that Zee's revenue grew 20.2 percent YoY, largely led by performance of Gadar 2. Excluding the film's performance, overall revenue grew 5.4 percent YoY.
TRENDS
Zee in 'active engagement' with Sony over merger plan, says Punit Goenka
Zee management said that they are focusing on implementation of the merger scheme and there are some conditions that need to complete which will take few more weeks
TRENDS
This Diwali, poor air quality drives people to the hills; hotels see larger numbers and longer stays
People in already polluted cities like Delhi NCR and Mumbai are taking to the hills for extended stays, despite higher room rentals. The number of people looking to leave the city and the number of days they plan to stay away have increased over the previous years.
TRENDS
EaseMyTrip eyes more acquisitions in FY24, targets profit before tax of Rs 250 crore
The company reported its Q2 FY24 results and recorded highest profit after tax of Rs 47.18 crore, up 67.2 percent year-on-year (YoY).
TRENDS
As PV Sindhu sets focus on 2024 Olympics, her brand portfolio expands
While the athlete faced some ups and downs on field, she has been able to make a comeback in the top 10 BWF World rankings which is acting as a catalyst for the expansion of her brand portfolio.
TRENDS
After failed attempt of 2020, Park Hotels gears up for IPO; pins hope on domestic travel demand
Currently, growth in the hospitality industry is coming from strong demand from the domestic travel segment. It sees this trend being maintained. Also, it expects international travel to fully recover by the first half of next year.
TRENDS
From Noah’s debut to Khan’s live, laugh out loud as comedy takes centre stage in live events
With the comeback of on-ground shows, the pent-up consumer demand has led to substantial conversions with a 40-70 percent increase in tickets sold. The trends also show an increase in the average ticket prices by 25-40 percent along with a significant spike in newer audiences.
TRENDS
Festive demand drives bookings for Thomas Cook, expects growth from govt events
The travel aggregator is expecting a good December quarter owing to the festive demand.
TRENDS
InMobi's Roposo sets sights on global expansion, makes debut in Indonesia
The live entertainment platform which is part of technology firm InMobi has plans to also launch in the US and Japan.
TRENDS
Lifting of Sebi ban on Punit Goenka to speed up Zee-Sony merger, say legal experts
In the scenario where Sebi gives a go-ahead in favour of Goenka, without going to the Supreme Court, analysts expect the Zee and Sony merger to complete by November
TRENDS
Financial influencers ask for clear guidelines from Sebi, bat for certification for creators
Content creators in the finance category are batting for a separate certification for influencers and urge Sebi to have a dialogue with financial influencers.
