With Wall Street having lost patience, executives are cutting costs and enacting hiring freezes as direct-to-consumer profits stay elusive for most.
According to a GroupM Finecast and Kantar report titled ‘The Changing Landscape of Indian Television’, TV advertising will grow by 11.8% CAGR between 2022-2027 in India versus global and APAC growth of 1.1% and 3.7%, respectively
Powerful French movie industry groups have filed a lawsuit against several major ISPs. The action has the ultimate goal of blocking access to a quartet of file-hosting platforms - Fembed, Uqload, Upvid, & Uvideo. This is the first attempt to have so-called cyberlockers blocked in France but if successful, could undermine operations at dozens of other sites.
Media industry experts point out that these services offer limited choice of content, making it less appealing
Netflix’s Ted Sarandos again addressed the question of whether the streamer is interested in live sports — and he once again waved it off as not in the cards, at least anytime soon. “We’ve not seen a profit path to renting big sports,” said Sarandos, Netflix co-CEO and chief content officer, speaking Tuesday at the UBS Global TMT Conference in New York City.
The kingdom's high internet penetration, long-standing and highly regarded film industry -- as well as roughly six million active users of streaming services, according to 2021 data -- present a golden opportunity.
Netflix and several Hollywood studios continue their crusade against pirate sites Down Under. The companies obtained a new blocking injunction at Australia's Federal Court today, targeting dozens of websites. The companies also obtained the first cyberlocker blocking order recently, with Mixdrop as the main target.
The Hindi film box office has finally picked up some steam in the past few weeks with three films—Uunchai, Bhediya and Drishyam 2—managing decent openings by crossing the ₹100 crore-mark.
India currently has 423.8 million (or 42.38 crore) OTT viewers, translating into a penetration of 30%, which means three out of ten Indians watched online videos at least once in the last one month. However, there are only 119 million active paid OTT subscriptions in India, across 49 million paying (SVoD) audiences, which is an average of 2.4 subscriptions per paying audience member.
Telecom industry through COAI has been demanding regulating OTT communication services. The telecom industry has suggested levying a "usage charge" for actual traffic carried by OTT on telecom networks. The usage charge will be decided mutually between telcos and OTT Players who must contribute towards creating and developing digital telecom infrastructure in India in exchange for using the services, as per COAI.