Netflix co-CEO Ted Sarandos revealed a continued investment push in the Indian market on Saturday. In a freewheeling chat with Indian filmmaker Sanjay Leela Bhansali in Mumbai to promote the latter’s upcoming Netflix series “Heeramandi,” Sarandos was bullish about India, repeating what he said on Friday to local media about the market’s growth.
During his recent visit to India, Co-Chief Executive Officer Ted Sarandos stated that Netflix saw a 25 percent increase in revenue and a 30 percent increase in engagement and watch time. He went on to say that the Indian market would experience the fastest growth in 2022 and that the country’s paid subscription numbers were the highest in the world.
Netflix has announced a collaboration with the Spanish football league LaLiga to create its first sports docuseries in Spain. The documentary series, which is currently in pre-production, will focus on the 2023-2024 La Liga competition and will premiere on Netflix worldwide next year.
Trai chairman PD Vaghela told reporters Monday that all the sections and areas of the country need to be provided with the benefits of the latest technologies like 5G and that can only happen with digital inclusion.
Despite a slight drop in 2020 due to the COVID pandemic, figures show a 40%-plus growth of the audiovisual industry in the past five years, distributed evenly between co-production and service production. In addition to the national rebate of 25%, productions can get up to 40% incentive money thanks to top-ups from regional film commissions.
Netflix, the American streaming platform, may be widely regarded as a relatively premium service catering to up-market, English-speaking audiences in India but the country saw a 30% increase in engagement and watch time and a 25% rise in revenue in 2022, co-chief executive officer Ted Sarandos said.
Meta Verified starts at $11.99/month on web or $14.99/month on Apple’s iOS. The company will launch the service in Australia and New Zealand this week with more countries “soon,” Zuckerberg, Meta’s chairman and CEO, said in announcing the plans Sunday.
For filmmakers, it’s an incredible honor to be nominated for an Oscar. The added exposure can also lead to a profit boost for smaller releases. That comes with a downside too, however, as recent data reveal that Oscar nominations also tend to cause a spike in pirated downloads.
After an eventful 2022, when the South Indian film industry garnered over 50% of overall box-office collections in the country, it is staring at a dull summer as big-budget movies starring Rajinikanth, Kamal Haasan, Mahesh Babu or Vijay are mostly slated for release later this year.
Under new amendments to the tariff order, NTO 3.0, broadcasters were allowed by the Telecom Regulatory Authority of India (Trai) to hike the price of channels that are part of a bouquet to ₹19 from ₹12 earlier.