The coming together of Culvert Max Entertainment (formerly Sony Pictures Networks India) and Zee Entertainment Enterprises Limited (ZEEL) is unlikely to have any major ramifications for the pay-TV industry, which is facing the dual challenge of a shrinking universe and a decline in Average Revenue Per User (ARPU), industry experts shared.
So far, since its launch in 2020, the app has been available only to Tata Play subscribers and has around one million paid subscribers, said Harit Nagpal, MD & CEO, Tata Play.
Multiplexes chain company, PVR on Wednesday received shareholders' approval for a merger with rival Inox Leisure. In March, PVR and the Inox Leisure board of directors approved a share swap amalgamation scheme where Inox will merge with PVR. In a meeting held on October 11, PVR sought equity shareholders' approval for the Inox merger.
TV content globally accounted for 46.6 percent of all traffic to piracy websites amongst various media sectors and, interestingly, India was placed at No. 3, after the US and the Russian Federation, amongst countries having high incidences of content piracy, according to a new report by data company MUSO.
The Motion Picture Association has provided a fresh overview of global pirate site-blocking efforts, which now span over 20,000 sites. Blocking measures have expanded to 39 countries in recent years, with the United States remaining the key absentee. The lack of US participation is partly due to a shortcoming in US copyright law, which lacks a carve-out for no-fault injunctions.
Further, the regulation of OTT communication apps will be done primarily keeping the security perspective in mind and it will not focus on revenue raising measures such as licence fees as the aim is not to hurt growth of the sector, they added.
Video streaming platforms in India are increasingly producing films that will first release in cinemas, as they look to benefit from the box office buzz, and secure intellectual property (IP).
Meta Quest users will also be able to engage in VR experiences around NBCU's Universal Monsters and Halloween Horror Nights.
Black Panther: Wakanda Forever, which releases in a month’s time, is certainly the most important Marvel film of late because of what it means for the franchise at large.
Top government officials will meet executives from telecom networks and handset makers on Thursday to push for early adoption of 5G in India, a notice issued to companies showed.