The Joint Managing Director of PVR Ltd, talks about the extensive safety measures that have been conceived and put in place, to safely resume playing movies again after the pandemic.
Profits at Sony’s pictures division, which spans film, TV content and channels, climbed from $489 million in the previous financial year to $628 million in the year to March 2020. Revenues at the division climbed from $8.87 billion to $9.32 billion.
Online film piracy rose 62% in India in the last week of March compared to the last week of February 2020.
Just the hint that the world’s largest theater chain could be snapped up by the e-commerce giant was enough to leave investors salivating. Shares of AMC rocketed roughly 45% in early trading, topping out at more than $5.80.
Bharti Airtel, one of India’s largest integrated telcos, has selected Red Hat to build its new telco network cloud, designed to make it more efficient, flexible and future-ready to support core operations and enable new digital services.
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