AT&T announced that its board has decided to spin off the telco’s interest in WarnerMedia — rather than structure the media conglom’s divestiture as a split-off.
Chinese executive Peter Luo, CEO of the Beverly Hills-based film financier Starlight Media, has launched a new venture dedicated to exploring technologies of entertainment and commerce within the Metaverse.
The Union Budget 2022 had a strong focus on digital push and digital consumption; there were multiple factors which augurs well for boosting growth in digital media
Dutch anti-piracy group BREIN has revealed that during 2021, it took down five Usenet indexing platforms and approached 38 uploaders of content for settlement. Overall, BREIN collected cash payments of $290K from pirates, with settlements presented as an alternative to protracted and expensive legal battles.
Finance Minister Nirmala Sitharaman presented her fourth Budget on February 1, 2022. With the Indian economy projected to be on the path of recovery amid the Covid-19 pandemic, all eyes were on how the government balances out its annual budgetary plan for the upcoming year. The Budget had nothing to offer to the media and entertainment industry especially for the sectors including broadcast, print, and Out-Of-Home (OOH).
Indian Crypto players have hailed the Budgetary announcement of launch of RBI’s digital currency using blockchain technology. The government has also proposed a 30 percent tax on income from transactions in crypto and NFTs.
Giving a boost to the country’s Digital India ambitions, finance minister Nirmala Sitharaman while announcing the union budget 2022 on 1 February said that 5G telecom services will be introduced in India in FY2022-23. Spectrum auctions are likely to be held soon to facilitate the roll-out of 5G by private telecom companies.
While presenting the Budget, Sitharaman has also said Reserve Bank of India (RBI) will launch its own digital currency or digital asset of cryptocurrency.
The government will soon announce details of a production linked incentive scheme (PLI) for design led manufacturing in the 5G space, and hold 5G auctions in the current year, the finance minister Nirmala Sitharaman said while announcing the 2022-23 budget.
The government has proposed to set up a specialised task force for the promotion of the animation, visual effects, gaming and comics (AVGC) industry. The announcement was made by finance minister Nirmala Sitharaman while presenting the annual budget 2022 on Tuesday. "Animation, Visual Effects, Gaming and Comics (AVGC) sector offers immense potential to employ youth.