INDIAN MEDIA ENTERTAINMENT INDUSTRY
View: Couching questions, not-so-hidden misogynist dragons
Poser you won’t hear: do you demand women sleep with you to bag your films?
India to host first global summit for media and entertainment sector in November
India hosts the World Audio Visual and Entertainment Summit (WAVES) in Goa from November 20-24, alongside the International Film Festival of India (Nov 20-28). Announced by I&B Minister Vaishnaw and CM Sawant, it aims to improve IP rights, industry collaboration, and networking in the USD 27.5 billion media sector.
'RIP Cartoon Network' trends on social media: Is the channel really closing down? Know the real story
Cartoon Network is currently amid a new social media buzz, suggesting that the heritage cartoon channel is closing down. 'RIP Cartoon Network' is trending on social media handles along with a hashtag 'Stay Tuned'. What exactly is the real incident that is happening? Get to know more.
Gaming industry to grow to Rs 25,300 crore by end of 2024-25: report
The gaming industry is set to grow 20% on year by the end of this fiscal year to Rs 25,300 crore, as per a study by Grant Thornton Bharat. This is in partnership with E-Gaming Federation. The report added that India has left China behind in terms of online gamers, with its number hitting 422 million.
Inside the rise and fall of Indian Twitter rival Koo
Koo, the Indian social media platform aiming to rival Twitter, has closed down due to unsuccessful acquisition negotiations. The company struggled with funding challenges and workforce reductions amidst a competitive landscape. Here's a quick recap of the company's journey.
Banijay buys India adaptation rights to 'The Tourist' series from All3Media
Banijay Asia has partnered with All3Media International to create an Indian adaptation of the award-winning series *The Tourist*, originally produced by Two Brothers Pictures. This collaboration aims to bring a unique blend of mystery and suspense to Indian audiences, retaining the essence of the original while infusing it with Indian cultural elements. Banijay Asia’s Mrinalini Jain and All3Media’s Sabrina Duguet expressed excitement about the project, highlighting Banijay Asia’s success with previous adaptations and their confidence in delivering a high-quality version of this globally acclaimed thriller.
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Zee chief Punit Goenka acquires majority stake in Maverick Media in his personal capacity
Zee Entertainment MD & CEO, Punit Goenka, has personally acquired a majority stake in Maverick Media. Financial details were not disclosed. Goenka aims to revive single-screen theaters in tier II and III cities, enhancing cinema infrastructure. Maverick Media, promoted by Vistaar Entertainment, focuses on expanding the large-screen cinema experience across India.
Digital media growth to take Indian ad market size to Rs 1.2 lk cr in 2024
The Indian advertising market is predicted to grow 11.8% in 2024, reaching ₹1,22,155 crore, primarily driven by digital media. Traditional media ad revenue is expected to grow 8.4% to ₹64,398 crore, while digital media is expected to grow faster at almost 16% to reach ₹57,757 crore. India's traditional media market share is twice that of global and APAC size. However, digital's share of total ad spends could reach 50% by 2026.
Media bodies seek clarity from Supreme Court on mandate for self-declaration for ads
Several industry bodies including AROI, INS, IAMAI, and BIF have filed impleadment applications in the Supreme Court regarding the self-declaration certificate (SDC) mandate for new advertisements. These bodies seek clarity on the implementation challenges of the SDC for digital media ads. The matter, arising from the Indian Medical Association vs. Union of India case scheduled for July 9, involves ensuring that ads meet regulatory standards without misleading claims.
Sonakshi Sinha's to-be father-in-law was Salman Khan's 'personal bank,' gave loans to 'Dabangg' star
Iqbal Ratansi is a multifaceted businessman based in Mumbai, known for his ventures in real estate, entertainment, and jewelry. He is also renowned for his close friendship with Bollywood superstar Salman Khan, dating back to the 1980s. Ratansi's diverse business portfolio includes companies like Stelmac Developers and Zahero Media, showcasing his adaptability and foresight in navigating changing markets.
As new ad regime dawns, cos make over 5K avowals
Marketers in India have started implementing the self-declaration certificate (SDC) mandate for new ads since June 18. The ministry of information and broadcasting (MIB) directive mandated that all new print, TV, digital, and radio ads must have an SDC generated through the Broadcast Seva portal for TV and radio and the PCI for print and digital ads from June 18. While the SDC mandate is challenging for advertisers, it will not hinder the rollout of new ads. Brand marketers have generated over 5,000 SDCs for new print and internet ads through the Press Council of India's website.
Ramoji Rao dies at 87: Shooting paused in Andhra to pay respect to mogul; a look at how he built Rs 37,000 cr empire
Cherukuri Ramoji Rao was a highly esteemed business magnate in the entertainment and media industry. As the head of the Ramoji Group, he oversaw the world's largest film production facility, Ramoji Film City, where numerous Telugu classics, including 'Baahubali' and 'RRR,' were filmed. Several superstars such as Chiranjeevi, Ram Charan, Allu Arjun and Mahesh Babu paid tributes to the veteran producer.
Who was Ramoji Rao? Here's all about Eenadu and Ramoji Film City founder who passed away in Hyderabad
Ramoji Rao passed away while receiving treatment at Star Hospital in Hyderabad. His legacy continues to inspire many in the fields of media, cinema, and business. The impact of his work will be remembered and cherished for generations to come.
Did NCT members Johnny & Haechan get intimate with fans in Japan?
An X account, purportedly belonging to a long-term employee at a Japanese nightclub, has alleged that the boys were involved with cabaret hostesses from the industry. These events supposedly occurred at the Capitol Hotel Tokyo, the same location where Haechan recently conducted a livestream, as reported by Koreaboo.
Russian influencer's creative Indian husband hunt using QR code takes internet by storm: Viral Video
A Russian social media influencer named Dinara has gone viral with her unique quest to find an Indian husband. During a visit to an Indian shopping mall, she posed with a mannequin holding a sign that read, "Looking for an Indian husband (unmarried)," which included a QR code to her Instagram profile. Dinara explained her admiration for Indian culture and values, hoping to find a partner who shares similar family and travel ideals.
'Heeramandi 2' announced: Bhansali's courtesans to enter Mumbai film industry in new season; check plot, cast
Netflix has confirmed a second season for Sanjay Leela Bhansali's series 'Heeramandi: The Diamond Bazaar,' following its successful debut on May 1. Season 2 will shift the story from Lahore to the Indian film industry post-Partition, with courtesans transitioning from performing for nawabs to entertaining film producers. Bhansali, who faced significant challenges during production, expressed his excitement for the continuation of the series.
Sony eyeing M&A opportunities in India post termination of Zee deal: Tony Vinciquerra
Sony Pictures Entertainment (SPE) is in discussions for potential merger and acquisition deals in India following the collapse of its merger deal with Zee Entertainment. The deal between Sony Pictures Networks India (SPNI) and Zee couldn't go through due to regulatory issues and the deterioration of the Indian entertainment giant's financials. SPE's India arm held discussions with Viacom18 in 2020 to combine the two businesses.
Beware! Misleading ad-game tricking Indians rather than offering ‘Umeedo Wali Dhoop’?
Advertisements have left a lasting impact over the years, from Amul's iconic "Utterly Butterly Delicious" to Cadbury's memorable ads. However, misleading claims in ads, especially in the digital space, are increasing. ASCI found that 81% of the 8,299 ads evaluated in 2023-24 were misleading. Social media influencers often promote products without proper regulation. Technological advancements and ethical guidelines are needed to ensure transparency and authenticity in advertising, to maintain consumer trust and loyalty.
TV broadcasters hope ad revenues to bounce back in FY25, expect flat or degrowth in FY24
Top broadcasters like Star India, Sony Pictures Networks India, Zee Entertainment, and Sun TV Network saw ad revenue remaining flat or shrunk in FY24 due to the exit of new-age advertising and the shift of ad dollars to digital due to free cricket streaming by JioCinema and Disney+ Hotstar.
Indian films are making a comeback in Russia
Industry players and authorities are working to reignite the old cultural affiliation by increasing film shoots and screenings of Indian films in Russia.
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.
NCLAT defers hearing on Google's Play Store billing policy to July 5
Indian Broadcasting and Digital Foundation (IBDF), Indian Digital Media Industry Foundation, People Interactive India which operates Shaadi.com, and Mebigo Labs which operates Kuku FM have filed petitions before the NCLAT against Play Store billing policy.
Reliance, Disney seek India antitrust nod with cricket rights assurance
Reliance Industries and Walt Disney have applied for antitrust clearance for their $8.5 billion media merger in India, arguing that their combined influence, particularly in cricket broadcasting, will not negatively impact advertisers. The deal, announced in February, is anticipated to face close scrutiny due to its potential to establish India's largest entertainment entity, with extensive TV channels, streaming services, and cricket rights. The companies have assured the Competition Commission of India (CCI) that the cricket rights were obtained through a competitive bidding process, and competitors can bid when these rights expire in 2027 and 2028.
Tech Mahindra, Japan's Fuji TV partner to produce content globally
Tech Mahindra announced a partnership with Fuji TV to develop and produce content for the global entertainment industry. By combining Fuji TV's original content with Tech Mahindra's services, the deal aims to bring Fuji TV's content library to Indian audiences in various local languages. The pact will cater to major content markets like India and Japan. There are plans to localise content, provide dubbing, subtitling, and animation services.
'Broadcasting policy must exclude OTT, online gaming and music': Stakeholders to TRAI
Media and entertainment industry stakeholders are urging the Telecom Regulatory Authority of India (TRAI) to confine its recommendations on the National Broadcasting Policy (NBP) solely to matters within the broadcasting sector. They advocate for the exclusion of non-broadcasting concerns such as OTT, online gaming, film, and music, citing that these areas fall outside TRAI's jurisdiction.
Was Sushant Singh Rajput troubled by blind items days before demise? Manoj Bajpayee says yes
Actor Manoj Bajpayee, amidst promoting his upcoming film 'Bhaiyya Ji,' reflects on his conversations with the late Sushant Singh Rajput. He reveals Sushant's struggles with media's blind articles, emphasizing how they deeply troubled the good-hearted actor. Despite the challenges, Manoj shares lighter moments from their interactions and expresses sadness over Sushant's untimely passing, highlighting the ongoing conversations about mental health in the entertainment industry.
Sony and Apollo Global's plan for Paramount: Break it up
Sony Pictures Entertainment and Apollo Global Management plan to acquire Paramount Global from Shari Redstone, intending to dismantle it. The strategy involves auctioning off CBS, MTV, and Paramount+ while merging Paramount Pictures with Sony's business. Skydance remains interested. Regulatory hurdles and divestitures are anticipated. Potential buyers for Paramount assets include Warner Bros. Discovery and TV station groups.
Intent to hire freshers in media and entertainment industry saw 3 pc decline in Jan-Jun 2024: Report
The intent to hire freshers in the media and entertainment industry declined by 3 per cent in the first half of the year, as per TeamLease EdTeach's Career Outlook Report. Despite this, overall hiring intent for freshers rose by 6 per cent year-on-year. The report highlights varying job role preferences across cities.
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