The broadcasting ministry’s announcement that the 26% foreign direct investment limit on digital media will not apply to OTT (over-the-top) platforms streaming news has provided clarity for broadcasters such as Zee Entertainment Enterprises and Viacom18 Media Pvt Ltd.
“India is working with many countries to change the work culture of the whole world with the power of 5G… India's 5G standards are part of the global 5G systems and it will work closely with the International Telecom Union (ITU) for the standardisation of future technologies,” the PM said Wednesday.
Major Hollywood studios and streamers needing original content helped lift Ontario’s film and TV industry to a record $3.15 billion in total production activity in 2022.
Last weekend, 'Everything Everywhere All at Once' dominated the Oscars by winning seven awards, including one for Best Picture. The independent film had already enjoyed a great run at the box office but the renewed exposure is a game changer. Success at the Oscars elevated awareness to new heights and according to data collected by TorrentFreak, piracy skyrocketed.
Siri and Google Assistant may be able to schedule meetings on request, but so far they don't have the social understanding to independently prioritise the appointments
Pocket Cinema, has achieved a revenue milestone of Rs 13 million from ticketing sales in the first year of its operations. Pocket Cinema which was launched with a mere funding of Rs four crore, reached more than 1.22 lac downloads in just the first year. As per data till Jan 2023, the platform's monthly active users were 25,300 and daily active users were 1,242.
Saudi Arabia is launching soft money schemes worth a total $234 million available to both local and international companies over the next three years in its ongoing effort to launch a local film and TV industry almost from scratch.
Buoyed by the success of such films as 'Aftersun' and 'Blue Jean,' the British Film Institute is reaffirming its commitment to debut filmmakers with the new BFI Discovery Fund, one of four new funds.
Indian streamer SonyLIV has revealed a robust 35-strong series slate, including some returning hits, with a further expansion into South Indian languages in addition to its Hindi-language slate. Headquartered in Mumbai, the streamer now has three content offices in South India, in Kochi, Hyderabad and Chennai. SonyLIV also now has 24 million paid subscribers, SonyLIV head of content Saugata Mukherjee told Variety.
In 2022, a group of major recording labels won $47 million in damages from Internet provider Grande Communications. Now, just a few months later, the music companies say they're entitled to more. To compensate for attorneys fees and interest, the labels are seeking over $12 million, a request that has sparked opposition from Grande.