BUSINESS
For Netflix, Asia Pacific keeps driving subscriber growth
Netflix's average revenue per member declined by 2% in APAC due to price cuts in India, partially offset by higher earnings in Korea and Australia.
BUSINESS
YouTube to roll out shopping destination in India next week
YouTube also announced a partnership with Shopify to enable creators and merchants to feature their products across their YouTube channels and videos
BUSINESS
Sony's Crunchyroll slashes price of anime-streaming service in India
Crunchyroll is also expanding its content library and introducing Hindi-dubbed anime content in India
BUSINESS
Exclusive | We've run our business with the idea that it should always be profitable: Dream11's Bhavit Sheth
The fantasy sports platform, one of India’s most valuable startups, grew its user base to more than 135 million-odd users, adding around 12-13 million in the just-concluded IPL.
BUSINESS
Netflix partners with Microsoft for upcoming ad-supported subscription plan
Microsoft said ads served on Netflix will be exclusively available through its platform and marketers will have access to the Netflix audience and premium connected television inventory.
BUSINESS
Elon Musk-Twitter saga: Here's a quick timeline
A quick look at what has happened in the Elon Musk - Twitter deal so far.
BUSINESS
Media tech unicorn Amagi aims to IPO in India: Co-founder Baskar Subramanian
Profitability is an addictive phenomenon. Once you become profitable, you want to be profitable, says Amagi co-founder Baskar Subramanian.
BUSINESS
India will be among the top countries in spending on games in 4-5 years: Nazara Technologies founder
CEO Manish Agarwal called the present period a ‘beautiful golden decade’. Many other business models, such as eSports, are emerging. What was seen in IPL auctions will be seen in eSports auctions, he said
BUSINESS
Intuit to stop offering QuickBooks Online products in India from January 2023
The firm, however, said this will not impact Intuit’s presence in India, where it has over 1,300 employees.
STARTUP
Loco launches Legends, an NFT platform for esports
The first asset on the Loco Legends platform will be NFT esports cards, which combine NFTs and free-to-play esports fantasy gaming
BUSINESS
AMC Networks launches AMC+ and Acorn TV on Amazon Prime Video Channels in India
Upcoming new originals such as psychological thriller Dark Winds, sci-fi thriller Moonhaven, horror drama anthology television series Tales of the Walking Dead, horror series Anne Rice's Interview with the Vampire, and supernatural horror series Mayfair Witches among others will also be part of the service.
STARTUP
Game dev tools startup CloudFeather Games bags $1.25 million from Lumikai, others
CloudFeather Games is building a suite of competitive formats that aims to provide developers a new way of monetisation beyond in-app purchases and ads.
STARTUP
WinZO picks up majority stake in Upskillz Games for Web3 gaming foray
WinZO will onboard Upskillz's blockchain and Web3-based offering to its content portfolio while also adding its 1.3 million captive audience base to its platform.
BUSINESS
InMobi's Glance aims to cross one billion users in 2-3 years, says CEO Naveen Tewari
Naveen Tewari also said the company plans to expand its creator-led live commerce platform Roposo and its gaming platform globally.
BUSINESS
Mark Zuckerberg offers a glimpse of next-gen VR display prototypes
These early stage prototypes - codenamed Butterscotch, Starburst, Holocake and Mirror Lake - are part of the company's research by the Display Systems Research (DSR) team at Reality Labs Research unit to improve various key elements of virtual reality.
STARTUP
FanClash secures $40 million from Alpha Wave, Sequoia, Info Edge, Polygon
FanClash aims to bring fantasy sports format to the esports segment, allowing users to build fantasy teams of professional gamers
BUSINESS
Disney+ Hotstar could lose 15 million subscribers after failing to win IPL digital rights
Disney Star said that it will focus on growing its slate of original entertainment content for Disney+ Hotstar and its television channels in the region, apart from exploring other multiplatform cricket rights.
STARTUP
Pepper Content raises $14 million for US expansion
Pepper Content helps companies create content through its talent marketplace network of freelance creators
STARTUP
Indian skill gaming startups seek a self-regulatory central policy framework
Skill-based real money gaming, which accounts for a significant chunk of the industry's revenues, has been in the crosshairs of several state governments
TECHNOLOGY
Winzo files a lawsuit against MPL over alleged copyright infringement
WinZo claims that MPL has copied the format of its game format 'World War' with an identical name.
STARTUP
Clubhouse witnesses two senior management exits
Aarthi Ramamurthy was leading Clubhouse's international product efforts while Anu Atluru was the company's first community head
BUSINESS
Eloelo bags $13 million funding co-led by Korea's KB Investments, Kalaari Capital
Eloelo lets users play free games such as Quiz, Tambola, Antakshari, Lucky 7, Card games, and Spin the Wheel among others with their favorite hosts via livestreams
BUSINESS
Slack looks to drive product adoption in India with expanded presence
India is one of the largest free user bases for Slack and also among its top 10 markets for paid teams across the world
STARTUP
Exclusive | Mobile Premier League to lay off 100 employees, exits Indonesia market
Mobile gaming segment was one of the big beneficiaries of the COVID-19 pandemic that forced people to stay indoors. which resulted in a massive surge in mobile game downloads and user engagement.
