While streaming giants such as Netflix and Warner Bros. Discovery have signaled a slowdown in content spending, Sony Pictures has not yet felt a change.
“I don’t think the spending on content has changed dramatically. The way the companies are being managed has changed dramatically,” said Tony Vinciquerra, Chairman and CEO of Sony Pictures Entertainment.
A new report published by Research Dive, said the global OTT market is envisioned to generate a revenue of $438.5 billion by 2026, growing at a noteworthy CAGR of 19.1 percent during the forecast period from 2019 to 2026.
ZEEL head honcho Punit Goenka is expecting the pay-TV growth to bounce back due to the pull out of Hindi GECs from DD Free Dish and the price cut initiated by the direct-to-home (DTH) players for entry-level packs
The Walt Disney Company Senior EVP and Chief Financial Officer Christine McCarthy, at an event, said the company has consciously decided to stay away from sports rights that are not value accretive
The government has pulled down its draft guidelines on data anonymisation, the third such instance of a public consultation being removed this year.
The guidelines were put up for feedback by the Ministry of Electronics and Information Technology (MeitY) on August 30.
Paramount Pictures President and CEO Brian Robbins remains bullish on theatrical as Top Gun: Maverick continues to mint money for the studio.
After two years of subdued growth due to Covid-19, the cinema business is now returning to normalcy. The bounce back of the film industry has also given hopes of in-cinema advertising putting up a good show. But will the sector reach the pre-Covid revenue levels this year is a question that remains to be answered.
The sector regulator has extended the deadlines for stakeholder comments and counter-comments for its recent discussion paper on ways to leverage opportunities around artificial intelligence (AI) and big data for the telecom industry.
Last week was particularly action-driven for the media and entertainment sector with Disney Star sub-licensing the television broadcast rights of the International Cricket Council’s men’s events to Zee Entertainment Enterprises (ZEE), deemed a masterstroke
After filing a multi-million dollar copyright complaint against AT&T, a coalition of filmmakers has now sued Verizon. The claims are broadly similar - the ISP turned a blind eye to piracy, failed to disconnect repeat infringers, and has lost its safe harbor from liability. In addition to millions in damages, the plaintiffs demand user disconnections and pirate site blockades.