BUSINESS
JetSynthesys, partnering Warner Music Group, to invest Rs 200 crore, will focus on music
The company, which counts ex-cricketer Sachin Tendulkar, businessman Adar Poonawalla and Infosys co-founder Kris Gopalakrishnan among its shareholders, will invest in music, digital entertainment, and social community platforms.
BUSINESS
IPL 14 on track to cross 400 million viewers on TV: Star India
According to data by Broadcast Audience Research Council India (BARC), a TV audience measurement service, IPL 14 so far has garnered 380 million viewers until match 35 which is 12 million higher than IPL 2020 at the same stage.
BUSINESS
INOX partners with ITC for in-cinema food offerings
For INOX, revenue coming from food business in 2020 was Rs 500 crore and CEO, Alok Tandon in an interview with Moneycontrol earlier in 2021 said that the company was putting a lot of efforts to increase this.
BUSINESS
Invesco's purpose unclear, say proxy advisory firms on US Fund moving NCLT against Zee
As per rules, the ZEEL board has time up to October 2 to call for an EGM, as requisitioned by Invesco and another 21 days to hold it. EGM has to be called within 45 days with a 21-day notice period. So, the company can push it to a maximum period of 24 days from receipt of investor request.
BUSINESS
Sports to bring strong ad dollars for digital on back of IPL, T20 World Cup
Although this is not the first time the back-to-back cricket tournaments are competing for advertising and viewership, the festive season is the X-factor.
BUSINESS
PVR to reopen multiplex PVR Saket with release of James Bond venture 'No Time To Die'
The film which was initially scheduled to release in April 2020 was postponed first to November 2020 and then the release date was moved to April this year.
BUSINESS
Indians studying abroad going back to pre-Covid levels after challenging 2020
Applications to Canada, the US and the UK are going back to pre-pandemic levels, while Australia is still behind.
ENTERTAINMENT
Multiplexes PVR, INOX eye revival as Bollywood lines up big releases
Big films are set to hit the screen in the upcoming festive season, helping the recovery of multiplexes.
BUSINESS
Dish TV postpones AGM: Here’s, why it’s in a battle with largest shareholder Yes Bank
Yes Bank, Dish TV’s largest shareholder, wants the composition of the board changed. The company has thus far managed to sidestep any changes. An EGM may now decide the issue.
BUSINESS
Relief for multiplex players PVR, Inox as Maharashtra allows theatres to reopen
The state contributes 25-30 percent to a Hindi film's box office collections, making it key to big Bollywood releases.
TRENDS
Turf war: Regional OTTs give tough competition to big boys
Bengali OTT Hoichoi, for example, has added 1.3 crore subscribers in three years of its launch and is not far away from top national OTTs. Telugu OTT Aha, launched in February last year, has got on board 1.5 million subscribers so far. Then there are Planet Marathi, and Koode, which offers Malayalam content, and Oho Gujarati, among others.
BUSINESS
TV records highest ad volumes in August post-COVID-induced second lockdown: BARC
According to Broadcast Audience Research Council (BARC India), television audience measurement service, TV ad volumes which had dropped in May and June this year at 135 million seconds and 126 million seconds, respectively went up to 158 million seconds in August.
TRENDS
Amazon Prime Video trying to create a super app, but will it attract more Indian subscribers?
Amazon Prime Video has 18 million subscribers in India as of June 2021, according to Media Partners Asia (MPA), an independent provider of research, advisory, and consulting services. And this number is expected to go up to 21.8 million by end of this year.
BUSINESS
Yes Bank sends notice to Dish TV to call for EGM for ouster of MD and Director Jawahar Lal Goel
Yes Bank which holds 25.63 percent in the company has sought an EGM for the appointment of new independent directors and the removal of MD and Director Jawahar Lal Goel.
BUSINESS
Zee to re-enter sports after Sony merger but will face tough competition from Star
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: Consolidation could give control of broadcasting segment, but work cut out for digital
In the broadcasting space, the current market leader, in terms of viewership, is Star & Disney (18.6%). The Zee-SPNI combine will have a share of 26.7 percent. However, the market share for the entity is low in the digital media segment. In terms of monthly active users, Disney+Hotstar leads with 130-140 million on the non-cricketing front.
BUSINESS
Punit Goenka as MD & CEO integral to deal with Sony: Zee Entertainment
Punit Goenka noted that while the deal is subject to due diligence and the necessary documentation that needs to take place, beyond that he doesn't see any risk in the transaction.
BUSINESS
What merger with Sony means for Zee Entertainment
According to analyst Karan Taurani, senior Vice-President, Elara Capital, corporate governance overhang will fade away with SPN having the controlling stake and this will also enable multiple re-rating for the company.
BUSINESS
Zee-Sony merger to create largest entertainment network in India with 26% viewership share
Zee has a presence in over 173 countries and reaches over 600 million individuals in India every week, while Sony reaches out to over 700 million viewers in India and is available in 167 countries.
TRENDS
With Netflix, Karan Johar ending deal, will this spell good news for other OTTs?
Karan Johar has created content including Lust Stories, Ghost Stories for Netflix and the success of such content led to the platform accelerate its investments in Indian content.
TRENDS
This festive season, more brands enlist influencers, to spend Rs 600 crore
Brands have budgeted 20-30 percent more this festive season on influencer marketing as compared to the last, say industry players.
TRENDS
Female streamers are carving their space as game streaming industry grows in India
Overall gaming market in India is expected to generate USD three to four billion by 2023 and revenue coming from game streaming would be around USD 300-400 million.
TRENDS
IPL 14 is back but with fewer viewers on Disney+Hotstar
The fancied contest between Mumbai Indians and Chennai Super Kings, which kicked off the second leg of the IPL, had fewer viewers on the digital platform than the first game of the league in April.
TRENDS
Nazara Technologies' Nodwin Gaming acquires OML Entertainment's IP and gaming business
NODWIN Gaming has signed this deal for Rs 73 crore and the transaction will provide partial liquidity to OML Entertainment shareholders, including CA Media.
