The media and entertainment sector is expected to witness 16 percent decline in revenue for FY21, due to fall in advertisement and subscription income in the wake of coronavirus-induced lockdown.
The New York Times article, published on Monday, says the app may now have 2.9 million customers, though Quibi would say the actual figure is 3.5 million, and 1.3 million users are active on the app. Ahead of its launch, the company predicted it would have 7 million downloads by the end of its first year and it would generate $250 million in revenue.
The annual French gathering will announce a selection of films it hopes to screen at Venice and other festivals later this year.
SonyLIV recently chose Intertrust's cloud-based multi-DRM service.
Eager to please audiences sitting at home, video streaming platforms are hungry to dish out fresh content consistently and lap up films they view as exciting
Tickets for Monday's reopening went on sale last Friday and sold out within minutes. The House of Mouse celebrated the reboot in Shanghai with a colorful ceremony and characteristic fanfare.
On the condition that they follow precautionary measures of social distancing and hygiene implemented by the government. However, the industry’s request to begin shooting has been rejected by the government.
Social distancing in cinema halls and film releases on OTT platforms. Here is what going to the movies post the pandemic might look like.
Bollywood has always been about people, whether on screen or off it, in front of the camera or behind it, say industry insiders as they grapple with the uncertainties of life and work after lockdown.
However what will not change is the human being’s need to get entertained through the visual story medium. This appetite will only increase given that there will be restrictions on socialising and other outdoor activities in the foreseeable near term future.