The way forward: According to I&B Ministry, the industry will become a 100-billion dollar (7.5 lakh crore) sector by 2030
People are choosing to be less connected with each other, and focus more on their inner lives. They may not realize the consequences.
The number of people subscribing to Disney+ topped 152 million, up some 31 percent from the same period a year earlier, the entertainment giant said in an earnings report.
Walt Disney has done a downward revision of paid subscriber base target from its Indian streaming service Disney+ Hotstar in the wake of the loss of Indian Premier League (IPL) digital rights and lack of colour on the International Cricket Council (ICC) and Board of Control for Cricket in India (BCCI) media rights renewal.
Mumbai: The Walt Disney Company on Wednesday revealed that Disney+ Hotstar added 8.3 million members during the quarter ended 2 July to reach 58.4 million paid subscribers. The company announced its financial results for the third quarter fiscal 2022. Overall Disney+ subscribers have reached 152.1 million as compared to 138 million in the previous quarter, an addition of 14.4 million members.
Google has grave reservations about developing a self-regulatory body for the social media sector in India to hear user complaints, though the proposal has support from Facebook and Twitter (TWTR.N), sources with knowledge of the discussions told Reuters.
Cinemas across India are getting ready for the first full-fledged Independence Day weekend in two years flanked by the Rakhi holiday.
A number of mid-sized films are looking to cash in on the post-covid demand, as smaller films are critical for both actors as well as the exhibition sector
Despite the availability of more legal streaming options than ever before, TV show and movie piracy are on the rise. Increased fragmentation in the streaming landscape paired with high costs is driving people to illegal options. According to data from piracy tracking company Muso, Netflix content is now good for 16% of all piracy traffic.
A lawsuit filed last year by several Hollywood studios and Netflix targeting illegal streaming veteran PrimeWire now resembles a war of attrition. As efforts to gather intelligence and seize domains continue, the studios have also been dealing with PrimeWire replacement 'HydraWire'. But despite the numerous hurdles, all signs point to the plaintiffs toughing the case out for as long as it takes.