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
Meta on Tuesday launched updated 3D avatars for Facebook and Messenger in India. For the very first time, the company introduced avatars for Instagram. The tech giant said that the new avatars are "more expressive, more customizable and more diverse".
The dismal performance of films like Jersey, Jayeshbhai Jordaar, Bachchhan Paandey, Attack, Runway 34 and Heropanti 2, among others, has led to this decline in revenue from Hindi films.
The Indian data centers industry’s capacity is expected to witness a five-fold increase as it is expected to add overall 3,900-4,100 MW of capacity involving investments of Rs 1.05-1.20 lakh crore in the next five years, said ratings agency agency ICRA.
In southern India, devoted fans worship film and TV stars like gods, erecting huge statues of actors which are bathed in milk as part of prayer rituals for a movie's success.