The boom in audio streaming, short video apps and social media gives a much-needed boost to the sector. How well can it leverage it?
Video paid subscribers will cross 50 million by 2023 and audio subscribers will reach 4 to 5 million by that time.
Subscription revenue saw a 42% surge at $68 million compared to $49 million.
Feature films make more sense as they are certified by the censor board before being released and may steer clear of controversies.
According to experts tracking the OTT space, the growth is expected to soar further as the country is bracing for a second Covid wave.
We need clarity on regulatory jurisdiction before goals of market fair play clash with those of user privacy.
Indians spent 188 billion minutes on various OTT platforms the highest 69 billion minutes on daily soaps followed by movies with 31 billion minutes in the month of February as free telecom bundling helped increase the number of OTT subscriptions via smartphone users, a report showed on Tuesday.
Indian consumers have been wooed by telecom bundling, new launches shifting online and annual subscriptions offering a bigger bang for the buck.
Netflix says it has a plan to hit net zero greenhouse gas emissions by the end of 2022, with a big part of the streaming giant’s efforts aimed at operating more eco-friendly film and TV productions.
The BBC will deliver £880 million ($1.21 billion) of annual savings this year, more than its target of £800 million ($1.1 billion), and has achieved this ahead of schedule, it was revealed it its yearly plan.