Failure of films like Jersey, HIT: The First Case, Tadap and Bachchhan Paandey, all remakes of Tamil and Telugu films, has cast uncertainty over Bollywood’s over-used formula of remaking films from the south.
Video content budgets across Korea, India and Southeast Asia climbed 21% in 2021 to reach $10.4 billion. They are forecast to grow a further 15% to $12 billion in 2022, according to the 2022 edition of the Asia Video Content Dynamics report.
Paramount+ kept hiking up the streaming mountain in the second quarter as some rivals have stumbled. In announcing Q2 earnings, Paramount Global said its flagship Paramount+ service now has 43.3 million paid customers, a net add of 3.7 million for the June quarter (including 1.2 million disconnects in Russia).
The media company announced a timeline for the two services to be fused together: HBO Max and Discovery+ will launch in the U.S. as a single service in the summer of 2023, according to JB Perrette, CEO and president of global streaming and games for Warner Bros. Discovery, speaking on the company’s Q2 earnings call.
Popular open source Android app Cloudstream-3 allows people to watch movies and TV shows by aggregating content from dozens of major streaming sites. Following a DMCA takedown notice sent to Github on behalf of Sky UK, which complains about the availability of a single TV episode, Cloudstream-3's main development repo has been consigned to history.
The assessment, to be conducted by the Ministry of Electronics and Information Technology from September, will check compliance on various parameters including the number of grievances received by intermediaries, the number of complaints received and resolved by the resident chief compliance officer, among others.
While revenue coming from advertising is yet to reach the pre-pandemic level, ticketing and F&B earnings are acting as a buoyant force for the medium
Gov. Gavin Newsom endorsed legislation on Wednesday that will extend California’s film and television tax credit program through 2030.
Charter Communications and several major record labels have settled their lawsuits over the ISP's handling of repeat copyright infringers. The deal was signed around the same time that the ISP's daughter company Bright House settled its case. No further details are available but with hundreds of millions of dollars in damages at stake, negotiations must have been tough.
As bad as things look now for streaming subscriptions and advertising, live events and theme parks are booming — offering a lifeline to entertainment giants that boast this revenue stream.