Revenues of the PVR, Inox declined in the range of 67-75% compared to the March quarter. With the second covid-19 wave’s restrictions hurting revenues, the firms have had to keep a tight lid on costs to reduce cash burn.

Netflix’s lead is intact but there is space for multiple challengers.

While exhibitors were severely impacted, most producers were paid huge premiums by streaming players.

The findings of the survey were based on the responses of startups and MSMEs across 172 districts in India.

As competitors are 'beating each other's brains out,' the only major studio that's not a combatant is finding ways to profit.

"The intermediary guidelines are not designed to make the government do anything particularly good or bad against intermediaries. It is designed specifically to enshrine into law, the fact that consumers that are served by big tech platforms or any platform, have rights. And these intermediaries cannot ignore those rights," Chandrasekhar said.

The G20 digital ministers meeting adopted a declaration for "Leveraging Digitalization for a Resilient, Strong, Sustainable and Inclusive Recovery", the statement said.

Independent trade analyst Sreedhar Pillai said a lot of cinemas have chosen to not reopen since the meter starts ticking on rentals and daily maintenance expenses as soon as they do.

India’s Supreme Court, while refusing to give interim relief to the broadcasters, directed them to file short synopsis of the petition instead of a lengthy one than ran into 51 volumes.