BUSINESS
Foreign premium liquor brands to get 35% cheaper in Maharashtra, price change may reflect in 6-8 weeks
"Contribution of foreign liquor brand to overall volume in Maharashtra will be around 4-5 percent", says analyst Karan Taurani/
BUSINESS
TV records all-time high ad volumes in October led by festive season
During the Dussehra week in 2021, TV witnessed 13 percent growth in ad volumes over the previous four weeks and 25 percent over 2019.
BUSINESS
NCLT to hear Dish TV-Yes Bank matter on December 22
The tussle between Dish TV and its largest shareholder YES Bank began in February, when Dish TV approved a rights issue of Rs 1,000 crore.
BUSINESS
Bunty Aur Babli 2 underperforms, Bollywood's box office run slows down
The multi-starrer venture Bunty Aur Babli 2 which was expected to see first day collections of Rs 6-8 crore saw dismal business on day one.
TRENDS
After Amitabh Bachchan, singer Sonu Nigam joins NFT bandwagon. Here're the details
Digital entertainment and technology company JetSynthesys has partnered with artist Sonu Nigam to launch NFT series which they claim is the first from the Indian music industry.
BUSINESS
Why large films could lift cinema footfalls to pre-COVID-19 levels but advertising is lagging
Cinema ticket sales, footfalls and F&B revenue are nearing pre-Covid levels. However, in circuits with no cap on capacity, cinema ad pricing is 40-50 percent lower, and in circuits with an occupancy cap, it is down 70 percent.
BUSINESS
Sentiment positive amid moviegoers, only 9% not willing to be back to theatres
New releases and states lifting restrictions is resulting in positive sentiment amid movie going audience with majority of Indian cinephiles now willing to go back to theatres.
TRENDS
Cricket matches attracted highest cryptocurrency ad volumes on TV
The ad blitz may be slowing now after concerns were raised over non-transparency and misleading claims.
BUSINESS
Sony Pictures Networks acquires broadcast rights for Lanka Premier League
The agreement between Sony Pictures Networks India and the IPG Group includes the television and digital transmission of the LPL, which is set to be played between December 5 to December 23.
BUSINESS
Bollywood shrugs off pandemic woes with Akshay Kumar’s Sooryavanshi
The real test of the recovery will be the performance of Films by Salman Khan and John Abraham that are scheduled to release on November 26, analysts say
TRENDS
Football league ISL launches NFTs, to offer team posters and trading cards
The series of digital collectibles from ISL include 27,500 team posters and 242,000 trading cards.
BUSINESS
Multiplexes to see slow growth in screen expansion in FY22, may reach pre-COVID levels in FY23
By FY22-end, while PVR is likely to add 30 more new screens, INOX has plans to launch 30-35 screens. However, these numbers are lower than pre-COVID levels, when both PVR and INOX each added screens in the range of 70-80 in a year.
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.
