BUSINESS
Dreamfolks IPO: Airport service aggregator to go global, focus on railways for growth
In addition to railway lounges, Dreamfolks is counting on business from non-metro markets, growth in the travel sector and increased card usage.
BUSINESS
Wonderla, Imagicaa script a turnaround as theme parks experience a revival
Their financial results for the first quarter of FY 2023 are an indication that after being confined indoors during the COVID years and ensuing lockdowns, crowds are again returning to amusement parks
BUSINESS
SonyLIV bets on ad model to boost advertising revenue 50% in 2022
According to a company official, a single-model strategy isn’t enough for a mass-media platform.
BUSINESS
Bollywood blues: Long weekend box office target falls short, but regional saves the day
The two big-ticket Bollywood ventures - Laal Singh Chaddha starring Aamir Khan and Akshay Kumar's Raksha Bandhan saw low occupancy in theatres resulting in weak collections.
BUSINESS
Meet MOGO, the first Indian Esports company to list on the NASDAQ
The company which raised around Rs 55 crore is focused on the growing Esports industry, with emphasis on India and other South Asian markets.
BUSINESS
Glance banks on live streaming, launches new made in India content category
To boost the users engagement, Glance has launched 'hyperlive' category to let consumers interact with content creators live.
BUSINESS
Inflationary pressure continues on Zee's ad revenue, marginal recovery seen post Q1FY23
The company reported domestic advertising revenue of Rs 925.7 crore, a year-on-year (YoY) growth of 5.8 percent but de-grew 14 percent quarter-on-quarter (QoQ).
BUSINESS
Over Rs 300 crore rides on long weekend film releases, but will Bollywood fare well?
So far, Bollywood has not delivered the expected collections, exhibitors said, but Laal Singh Chadha and Raksha Bandhan could change the outlook for Hindi films.
BUSINESS
Team India’s performance at Commonwealth Games catches attention of brands
Advertisers have their eyes on the medal winners of the Commonwealth Games 2022 which is resulting in more brand deals and uptick in endorsement fees of the athletes.
BUSINESS
PVR Chairman says focus is on screen additions, big cinema launches post the COVID impact
PVR has a pipeline of 125 screens for FY23 and is looking at higher screen additions post the merger with INOX.
BUSINESS
Subscription-based OTT aha takes advertising route to drive revenue
The company expects the ad inventory to contribute 25-30 percent to overall business. Experts says the advertising video-on-demand market has the potential to unlock a big subscriber base as unpaid content reaches a larger audience, and 10-20 percent of them opt for subscription plans
BUSINESS
Travel sector sees demand surge ahead of extended holidays in August
Hotel rates and airfares are on the rise with a series of public holidays in the middle of this month, especially for last-minute travellers.
TRENDS
Ranveer Singh’s infamous photoshoot chatter continues, but is it affecting his brand deals?
The actor who is famous for his flamboyant dress sense, jumped to the second rank in 2021 in the top most valued Indian celebrity list, with a portfolio of more than 35 brands and added more endorsements this year.
ENTERTAINMENT
INOX CEO sees FY23 to be one of the best-performing years for the film industry
Content is the biggest hero and that will pull in the crowds, Alok Tandon said. The multiplex operator is weighing in on food sales to boost numbers. Advertisements will look up soon, added the CEO.
ENTERTAINMENT
Women see low representation in entertainment industry both on and off screen, says report
According to a recently released report, women who are part of films and series across languages both on and off-screen are seeing low representation especially in terms of theatrical content. But the scenario is a little different for women when it comes to streaming projects.
BUSINESS
INOX records growth in footfalls, Hindi versions of RRR and KGF 2 drive admits in Q1
While INOX saw uptick in footfalls in Q1 FY23, multiplex operator PVR saw a dip in admits. However, both the multiplexes saw drop in occupancy versus pre-COVID levels.
BUSINESS
Voot to scale up its regional slate with focus on Kannada content
Voot Select is ramping up its regional content portfolio with focus on Kannada market as it sees strong demand for content as well paying propensity amid users for digital content.
BUSINESS
Uncertainty around BGMI ban plays spoilsport for e-sports industry
The speculation around BGMI ban in India is spelling bad news for players, tournament organisers and game streamers. While players are shifting to other games, tournaments based on BGMI are getting delayed.
BUSINESS
BGMI ban to disrupt e-sports space, but for short term: Nazara Tech's Nitish Mittersain
Nazara Technologies is also looking to scale up its real-money gaming portfolio and plans acquisitions in this space.
BUSINESS
Zee-Sony merger receives approval from stock exchanges
The approvals permit the company to proceed with the next steps in the overall merger process, Zee said in a statement.
TRENDS
After Tokyo Olympics, Commonwealth Games piques interest of brands for emerging sports
Names including Reliance Industries, JSW Inspire, Herbalife Nutrition India and Adidas India have come on board as sponsors for CWG 2022. IOS Sports and Entertainment, the marketing partner of the Indian Olympic Association (IOA), said this year’s deals constitute the best ever for the Commonwealth Games.
BUSINESS
Parle to step up ad spends to pre-Covid levels this year
The FMCG brand which was the most chosen by consumers in 2021 will continue to focus on penetration and advertising this year.
BUSINESS
Viacom18's NFT platform launches Roadies' digital collectibles
The Fully Faltoo NFT marketplace had earlier this year launched the first edition with 3,013 digital artworks, which the platform said were sold out within 36 hours of going live
BUSINESS
Bollywood’s weak show worries exhibitors; Hindi box office business may drop in Q2
As the pandemic recedes, theatre owners are still waiting for audiences to come. This time, it’s purely bad content that’s keeping them away
