BUSINESS
Multiplex body urges Delhi government to reopen cinemas as bankruptcy worries loom
Multiplex Association of India informed deputy chief minister of bankruptcies facing cinemas in the face of multiple lockdowns induced by Covid since March 2020.
BUSINESS
Inching towards Rs 200 crore, here's a look at Spider-Man No Way Home's journey in India
For the release strategy of Spider-Man No Way Home, the focus was on tapping the nostalgia factor for the Spiderman franchise, leveraging the interest for Hollywood ventures and creating anticipation for the film, said Vivek Krishnani, Managing Director, Sony Pictures Films India.
BUSINESS
Cinema closure in Delhi a big blow; night curfews impact footfalls, say exhibitors
From delay in releases to drop in collections, fresh curbs due to rising COVID cases are taking a toll on the theatre business. And this is happening at a time when films such as Spider-Man No Way Home and Telugu venture Pushpa are reporting solid performance in theatres, leading to strong footfalls and occupancy levels.
BUSINESS
COVID-19 impact: Delhi's cinema closure a concern, to spell bad news for PVR, INOX
Closure of theatres in Delhi will not only impact the box office collections of 83 but will also delay the upcoming movie release pipeline.
BUSINESS
OTTs not worried about big-screen blockbusters, gear up for 2022 with more content
Experts are of the view that theatres and streaming content generally do not compete with each other
BUSINESS
COVID-19 impact: Fresh curbs a concern for big Bollywood release 83
Along with the Centre issuing new guidelines on COVID-19, various state governments have imposed restrictions, some even announcing night curfews. So far, states like Uttar Pradesh and Madhya Pradesh have imposed curfew from 11 pm to 5 am.
BUSINESS
Cinema trends in 2021: From cities that watched most movies to films that sold most tickets
The festival season this year lit up the big screens once again and cinemas have made a strong comeback with increase in footfalls and higher occupancy levels in theatres.
BUSINESS
Meet the man who helped Ranveer Singh nail Kapil Dev's look in movie 83
From the curls to the moustache, it was hair designer Darshan Yewalekar who helped Ranveer Singh get Kapil Dev's look right for the movie 83 that will hit theatres on December 24.
BUSINESS
Zee-Sony merger: A look at the steps to bring combined entity into existence
Punit Goenka, who will be leading the merged entity, estimates eight to 10 months for the merger process to complete. Here’s a look at the process ahead.
BUSINESS
Zee-Sony merger to come into effect in 8-10 months; sports bidding will be key
After the merger, Zee will get access to Sony's 10 sports channels which includes the recently launched regional channel Ten 4.
BUSINESS
Zee-Sony merger: Here's how the united entity will look like
The union will create a network that will clock advertising revenue growth higher than the industry average. Sony is strong in general entertainment and sports while Zee has the edge in regional content.
BUSINESS
Zee-Sony merger gets approval from board; Sony to hold 50.86% stake in the merged entity
Sony has agreed to the appointment of Punit Goenka as MD and CEO of the merged entity, which was as an integral part of the deal
BUSINESS
Serum Institute's Adar Poonawalla picks up 20% stake in social media platform Wakau
The community-driven social media platform Wakau offers short video content in entertainment and fashion domains along with video-commerce.
BUSINESS
Cinemas stage strong comeback with Spider-Man, Pushpa, but yet to reach pre-COVID levels
Family audience’s reluctance to return to theatres as the Omicron variant of COVID-19 spreads, and the switch by some filmgoers to streaming platforms keep footfalls low.
TRENDS
From digital assets of Sachin Tendulkar to Jhulan Goswami, more cricket NFTs on offer
The NFT auction will be held in Dubai on December 24 by Cricflix in partnership with sports startup RevSportz and sports travel company Fanatic Sports.
BUSINESS
TV ad volumes continue to see growth in November, advertisers bet on regional content
November 2021 displayed steady growth with 2,911 advertisers and 4,669 brands, the highest for 2021.
BUSINESS
Zee-Sony mega merger: All you need to know
Punit Goenka, managing director and chief executive officer of Zee at the end of November had said that the “proposed merger is in the final stages”. Here’s all you need to know about the deal.
BUSINESS
Meet the sharks: Founders of Mamaearth, BharatPe, Shaadi.com bet on India’s growing startup ecosystem
Founders of BharatPe, Shaadi.com and Mamaearth--Ashneer Grover, Anupam Mittal, and Ghazal Alagh--share their experience on Sharktank India.
TRENDS
GuardianLink announces Stan Lee's comic book NFT collection, bets big on Indian NFT market
The NFT auction which will go live from December 27 to 29, 2021 will offer over 7,000 Chakra verse art pieces.
BUSINESS
Spider-Man outpaces Sooryavanshi at box office, becomes second biggest Hollywood opener
Sooryavanshi hit theatres on November 5 and collected Rs 26.5 crore net on its opening day whereas Spider-Man: No Way Home has garnered Rs 35 crore on day one, according to film trade experts.
BUSINESS
Multiplexes bet on strong content line-up for sharp recovery, see increase in occupancy
Kamal Gianchandani, president, Multiplex Association of India (MAI) and CEO of PVR Pictures, said that the strong performance of Spider-Man: No Way Home is pointing to a sharp recovery in the cinema business.
BUSINESS
Spiderman No Way Home records highest advances in COVID-19 times
Looking at the strong response in terms of advance booking, Kamal Gianchandani, President, Multiplex Association of India (MAI) expects Spiderman No Way Home to surpass collections of Bollywood venture Sooryavanshi.
TRENDS
Trell launches social commerce shopping sale, in-app currency
Social commerce, which is a nascent $800-million segment in India, is expected to grow 65 percent annually till 2025, according to Redseer estimates.
TRENDS
Streaming wars: Will Netflix’s price cut heat up competition in India?
The move may be aimed at increasing subscriber numbers and is unlikely to trigger price cuts by rivals, experts say
