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Madison Media elevates Vinay Hegde to CEO—Investments
Madison Media, part of Madison World, appointed Vinay Hegde as CEO, Investments, recognising his 25-year industry experience and successful track record at Madison Media and Mindshare Fulcrum. Vikram Sakhuja praised Hegde’s expertise in media buying and analytics, expecting superior results. With Hegde at the helm, Madison aims to enhance client media investments. Madison Media, ranked 4th globally, excels in media planning for prestigious clients like Godrej and Asian Paints.
India’s T20 cricket world cup victory likely to boost ad revenue
India won the T-20 Cricket World Cup after 13 years, boosting cricket's revenue potential. Disney Star, the official media rights holder, expected $2.2 billion in advertising revenue. The game, blending US-style marketing with Bollywood glamour, saw high ad prices. The tournament, held partly in the US, ended with a dramatic final. Legends Rohit Sharma and Virat Kohli retired from T-20 cricket after the victory.
The Acolyte Season 2: Showrunner reveals what to expect from the next chapter
Showrunner Leslye Headland mentioned that while Season 1 was designed to be self-contained if needed, it also sets up important mysteries and storylines intended for exploration in future seasons.
India in T20 World Cup final, Disney Star hikes ad rates
Star Sports is the official TV broadcast partner of the tournament. Prior to the tournament, the broadcaster had quoted spot buy rates of ₹13-26 lakh per 10-second slots for India and knockout games. The average ad rate for all 55 matches of the tournament works out at ₹6.5-7 lakh due to lower than expected demand from advertisers.
Tata Play’s loss widens 3-fold as DTH takes a hit
Tata Play’s net loss for fiscal 2024 surged more than threefold due to heightened competition in its direct-to-home (DTH) TV distribution business. The company reported a net loss of Rs 354 crore for the fiscal year ended March 31, compared to Rs 105 crore the previous year. Revenue from operations fell by over 4% to Rs 4,304 crore, while expenses rose 1.47% to Rs 4,761 crore. The DTH segment posted a net loss of Rs 247 crore, while the broadband business saw a narrower net loss and a 27% revenue increase.
'Star Wars: The Acolyte'- Why has Elon Musk slammed Lucasfilm chief and Disney CEO? Details here
Billionaire entrepreneur Elon Musk has criticized the Lucasfilm head, Kathleen Kennedy for the "Star Wars" franchise “The Acolyte” direction. Elon Musk also attacked Disney CEO Bob Iger last year after the company pulled its advertisements from Musk's X platform.
'Freaky Friday' 2: Release date, cast, plot & more
Disney has announced that Freaky Friday 2 is in production. Lindsay Lohan's portrayal of Anna Coleman was first shown to viewers in the first Freaky Friday.
Anil Jayaraj quits as CEO of Viacom18 Sports
Anil Jayaraj, Viacom18's sports CEO, resigned after nearly three years. His departure coincides with Viacom18's merger with Star India under Reliance Industries. Sources revealed Jayaraj submitted his resignation on Monday, but Viacom18 did not respond to requests for comments
9-1-1: Lone Star: Is the show ending with Season 5? All about challenges, contract details & cast
Something new is being cooked up in the world of "9-1-1: Lone Star." It could be a new season coming up or something else. 60 episodes of 9-1-1: Lone Star have been broadcast as of May 16, 2023, marking the end of the show's fourth season.
The Acolyte: See Disney+ release date, time, plot, trailer and more
"The Acolyte," a new "Star Wars" series set 100 years before the prequel trilogy, debuts on Disney+. The story follows a Jedi Master investigating a crime spree linked to a dangerous warrior. It will start streaming on June 4 at 6 p.m. PT / 9 p.m. ET.
'The Acolyte' to feature a classic alien species from 'The Clone Wars'. New details
'The Acolyte', also known as 'Star Wars: The Acolyte' will be the latest upcoming sci-fi content in the Star Wars franchise amid raised expectations. According to the latest update, a new classic alien species will be making their first appearance in this series.
Sony Pictures looking at multiple candidates to replace NP Singh
Sony Pictures Entertainment (SPE) is reportedly considering multiple candidates to replace its India CEO, NP Singh, who is retiring. Sony Pictures Networks India (SPNI) has hired Disney Star executive Gaurav Bannerjee as its next CEO, although no official word has been provided by the company. Singh, who has been with SPNI for nearly three decades, will transition to an advisory role once the new CEO takes charge.
Disney Star onboards 19 sponsors for ICC Men's T20 World Cup 2024
Disney Star announced 19 sponsors for the ICC Men’s T20 World Cup, including Dream 11, Maruti, and more. The tournament, starting on June 1 and featuring 20 teams, will have 55 matches played across the US and West Indies. Matches will be broadcast on Star Sports and streamed for free on Disney+ Hotstar.
IPL 2024 audience reach on TV, digital platforms hits a record
IPL 2024 became the largest ever edition in terms of audience reach on TV and digital. The official broadcaster Star Sports recorded an audience reach of 546 million for 67 matches, with more data yet to come out.
Viacom18, Star India move CCI for merger approval
Viacom18 and Star India have sought CCI approval for their merger deal, assuring minimal competition impact in India. The merger deal may face intense CCI scrutiny since the combine will dominate both the TV broadcasting and streaming markets in the country with over 100 TV channels and two streaming platforms — JioCinema and Disney+ Hotstar.
Reliance Industries seeks CCI approval for Viacom18-Star India merger
Reliance Industries, led by billionaire Mukesh Ambani, has sought approval from the Competition Commission of India (CCI) for an $8.5 billion merger between Viacom18 and Star India Pvt Ltd (SIPL). The merger aims to combine the entertainment businesses of Viacom18, part of Reliance Industries, with SIPL, a wholly-owned subsidiary of The Walt Disney Company (TWDC). Post-merger, SIPL will become a joint venture held by RIL, Viacom18, and TWDC subsidiaries.
NCLT sets the ball rolling on merger of Reliance's arm Viacom18 and Star India
The merger scheme has two stages: the transfer of Viacom18's TV and streaming assets to Digital18 and the demerger and vesting of these assets from Digital18 to Star India. As consideration for the scheme, Viacom18 will transfer streaming platform JioCinema to Digital18, which will pay the company a consideration of Rs 24,186 crore through an allotment of 24.18 billion fully paid-up shares of Rs 10 each.
Star India's sports losses widen by 50% to $342 million in H1 FY24
Star India's sports business operating loss reached $342M for six months till March 30, surpassing $228M last fiscal. Walt Disney's revenue hit $504M, with costs at $786M due to IPL cricket programming expenses. Ad revenue doubled to $221M.
Walt Disney incurs $2b+ goodwill impairment charge linked to Star India in 2nd quarter
The US entertainment giant, which has signed a merger deal with Mukesh Ambani's Reliance Industries Limited (RIL), has recorded a $1.3 billion non-cash goodwill impairment charge related to the India merger deal, as per a regulatory filing.
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