IT, consulting and business process services major Wipro Limited, on Thursday, announced that it has signed an agreement to acquire Ampion, an Australia-based provider of cybersecurity, DevOps and engineering services. The transaction is valued at $117 million in cash, as per the regulatory filing.
At present, India is the world’s fastest-growing OTT market. According to BCG, it is estimated to be worth $5 billion by 2023. But what exactly accelerated this growth last year?
According to a report by McKinsey & Company for Nasscom titled 'Future of Technology Services-Winning in this decade', tech spending is only going to be intensified in the next decade.
As per Omdia’s latest report, online video subscription revenue grew by 142% in India in 2020 primarily due to the global pandemic.
IPRS which has more than 5,000 members, collects royalties on behalf of them each time their music is played, be it over the radio, live concerts or music OTTs.
As per PWC’s forecast, India’s SVOD market, which is currently (as of 2019) worth $708 million, will grow at a 30.7 per cent CAGR to become a $ 2.7 billion market by 2024. India will overtake South Korea, Germany and Australia to become the sixth-largest VOD market globally.
Bitcoin was the asset to hold during FY21 as the cryptocurrency surged nearly over 800 per cent during the year.
The Indian market is evolving and has huge potential for growth.
As Haathi Mere Saathi, Bunty Aur Babli 2 and Chehre releases are postponed and theatre owners deal with a new list of clampdowns amid rising COVID-19 cases, many are asking if they can deal with – what has started to feel like – 2020 all over again.
Most of the 1,500 theatres that halted operations have not been able to convert their properties.