The ordeal of three people, who edited major movies down to 10 minutes and then uploaded those summaries to YouTube, is not over yet. After being arrested and found guilty in a criminal court last year, they now face action in the civil courts. A total of 13 companies including Toei, Kadokawa, Nikkatsu, and Fuji, say they are entitled to at least $3.9 million in copyright damages.
This week, France's national anti-piracy agency Arcom spoke at the Cannes film festival. The public heard that France is serious about fighting online piracy and that new blocking powers will help to crack down on infringing services. What wasn't mentioned, is that French law prohibits streaming services from showing recent movies, which arguably keeps piracy relevant at the same time.
Cinemark CEO Sean Gamble remains optimistic about the theatrical movie business’s emergence from the pandemic, while teasing new initiatives that could help strengthen its position.
The Cannes Film Festival invited eight male directors for an hours-long symposium on the future of cinema on Tuesday — a session that raised uneasy questions for those working with streaming services, and paid no attention to the lack of female filmmakers on the panel.
Have we seen the ceiling for high-end streaming?
Whether Netflix’s subscriber growth slowdown at the 222 million mark portends things to come for other major streamers is one of the biggest unknowns fueling media stock volatility. Hollywood has staked its hopes for growth over the past few years on drawing subscribers from the global market thanks to streaming’s ability to reach beyond geographic borders.
By the end of a brutal trading day on May 18, Wall Street had delivered a wallop to Hollywood that will change the course of business as surely as the COVID pandemic accelerated the pace of transformation during the past 26 months.
Viacom18, the joint venture between India's Reliance Industries and American media conglomerate Paramount Global, is planning to build an SVOD offering with the recent fundraising announced by the company, Paramount Global Chief Financial Officer (CFO) Naveen Chopra told analysts while speaking at the Moffett Nathanson Annual Media & Communications Summit.
The Broadcasters Audience Research Council (BARC) India has come out with a product pricing policy for broadcasters, media agencies, and advertisers for the fiscal year 2022-23.
Global revenues from OTT TV episodes and movies will reach $224 billion in 2027. According to the reports, this will be up from $135 billion in 2021.
The Ministry of Electronics and Information Technology on Tuesday organised a brainstorming session with more than 80 startups and other researchers to discuss India's strategy in the field of Artificial Intelligence and language and technology