One of the film industry’s biggest growth sectors, the international location shoot scene, looks set to impact Toronto on Saturday at a Spain Film Commission breakfast. Among attractions tabled at the meet with Canadian producers will be Spain’s extraordinary landscapes and heritage sites and a new shoot incentive which ranks among the highest in the world.
The industry, which made submissions to the Department of Telecommunications (DoT) for the proposed new telecom regulatory framework, said the law should be forward looking and should address the needs of convergence of various digital services, including telecommunication connectivity, carriage of broadcasting content and OTT communication services.
OTTs by virtue of restricting the content to some platforms are controlling the accessibility of the content to only some consumers. This discrimination is violative of the principle of ‘Must Provide – Must Carry’
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.