BUSINESS
TV ad revenue to be 97% of pre-Covid levels in FY22, may grow 12% in FY23
Advertisers are back on TV channels. Ad revenue for broadcasters is poised to almost recover to pre-Covid levels, boosted by the festive season and popular sporting events
BUSINESS
NCLT adjourns Zee-Invesco case till December 14 hearing
Invesco and OFI Global had sought an EGM for the ouster of MD and CEO Punit Goenka and appointment of six directors.
TRENDS
Instagram tries to pull off a Netflix but will its subscription feature find takers?
Although players in the influencer market space expect creator earnings to see a boost, some also pointed out that India is a price-sensitive market and the subscription model would discourage users from using Instagram.
BUSINESS
Zee’s MD & CEO Punit Goenka says due diligence for Sony merger likely to complete ahead of time
Zee had announced merger with Sony on September 22 and had entered into an exclusivity with the other party for 90 days to conduct the due diligence.
BUSINESS
With Netflix introducing casual games, is gaming the next big thing for streaming in India?
Gaming could make an attractive value addition for users who may otherwise not renew their subscriptions, although Netflix is a late entrant to this segment in India.
BUSINESS
No decision to start new projects in FY22, focus on business revival, says Wonderla Holidays MD
Company will prefer to do their own projects which includes launching a park in Chennai for which Wonderla Holidays will be investing Rs 300 crore.
TRENDS
InMobi's Roposo, Glance launch Ekta Kapoor's wellness brand Ek in live commerce segment
Ek is the first brand to launch in the live commerce segment on Glance and Roposo.
TRENDS
Online gaming firms wary of higher GST rate; say tax on prize money will impact business
Reactions from companies in the field have been cautious, with apprehensions over which tax slab gaming firms will fall under.
BUSINESS
India’s exit from T20 World Cup may spell bad news for Star’s ad revenue
India’s absence will likely lead to lower viewership and dampen advertiser interest. A poor performance by India in the upcoming series against New Zealand would only worsen the sentiment.
TRENDS
T20 World Cup 2021: India-Pakistan most viewed match, reaches 167 million viewers on TV
The India-Pakistan match during the T20 World Cup this year has recorded higher reach than the top five matches during World T20 in 2016.
BUSINESS
Diwali lights up India box office but did advance booking delay impact Sooryavanshi collections?
According to film producer and trade business analyst Girish Johar, the combined all-India take of three films—Sooryavanshi, Eternals and Annaatthe—crossed Rs 150 crore during the opening weekend.
BUSINESS
Esports to become largest segment in portfolio of Nazara Technologies in FY22, says CEO
In the esports segment, growth was led by Nazara's subsidiary Nodwin Gaming, which saw 30 percent increase in revenue in H1 FY22 versus the same period in previous financial year.
BUSINESS
Diwali Blockbuster| 'Sooryavanshi' sees pre-COVID screen count, 'Annaathhe' may top 100 crore
The film is releasing in 3,500 screens in India and 1,200 screens abroad, taking the screen count back to the pre-COVID levels.
TRENDS
Amitabh Bachchan’s Madhushala NFT attracts strong bids, base price sees 100% increase
The NFT collection of Madhushala (Hindi) is currently being sold for $480,000.
BUSINESS
Top multiplexes delay advance booking for Sooryavanshi over higher distributor share concerns
Producers of Sooryavanshi are asking for a distributor share of 60 percent in the first week. Pre-COVID their share was around 50-52 percent in first week.
BUSINESS
Cinema advertising platform UFO Moviez to raise Rs 96.82 crore via preferential allotment
The proceeds of this issuance will be used to meet the working capital and for corporate requirements.
BUSINESS
Zee to hold board meeting to consider Q2 FY22 results on November 11
On October 26, the company had said that it cancelled its October 27 board meeting due to lack of quorum.
BUSINESS
COVID-hit radio industry upbeat this festive season, sees strong advertiser interest
Players in the radio industry expect this festive season to be bigger than last year.
TRENDS
Amitabh Bachchan’s NFT collection sees strong traction on day 1 at $5,20,000
NFT exchange platform Beyondlife.club that launched the actor's NFT collection says Bachchan's NFT has surpassed all records of NFT bids in India so far.
TRENDS
Celebrity-led endorsements up during IPL 14, Ranveer Singh, MS Dhoni top the charts
During the 60 matches of season 14, celebrity endorsed ads saw 19 percent increase in share over previous season, the television audience measurement analysis firm said.
BUSINESS
Ahead of Diwali, more states relax 50% capacity norm, to help in faster box office recovery
Currently, seven markets—Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Rajasthan, Gujarat and Delhi—have given the go-ahead for full occupancy.
BUSINESS
Stricter implementation of 12-minute ad cap rule to hit TV industry hard
According to TRAI, no broadcaster can exceed 12 minutes of advertisements in an hour of a programme.
BUSINESS
Dish TV seeks more time to hold AGM, requests extension up to December 31
On September 19, Dish TV filed an application seeking more time to convene the AGM which was initially scheduled to take place on September 27.
TRENDS
IPL 14 ad volumes dip marginally, brand count falls 6% from season 13
Viewership also fell as the cricket tournament was split into two phases due to the pandemic
