Category: Digital

FICCI-EY Report: Digital revenues to surpass TV in 2024; India’s M&E sector to hit $38 billion by 2026

Expect the M&E sector to grow 10.2 percent to reach INR2.55 trillion by 2024, then grow at a CAGR of 10 percent to reach INR 3.08 trillion by 2026.

In 2024, digital media is poised for explosive growth, potentially overtaking television to become the leading segment of the M&E sector. This surge in digital media is forecasted to propel the M&E sector’s growth to a 10 percent annual rate, crossing Rs 3 trillion ($37.1 billion) by 2026.

MoS IT Rajeev Chandrasekhar addresses startups’ concerns over Google’s billing policy, assures long-term solution

In India, Google allows app developers to sell in-app content only on the pre-condition that its own payment system, GPBS, is integrated as a payment option within their apps.(Image source: News18)

On March 1, Google said it would start removing 10 Indian app developers from its Play Store in India if developers do not adhere to the platform’s billing policies.

Former Twitter execs, Parag Agarwal sue Elon Musk for over $128 million in severance

The executives said Musk showed “special ire” toward them after he took over Twitter in 2022. Musk also publicly vowed to hold back their severance to recoup about $200 million from the $44 billion deal, according to a lawsuit filed in federal court in northern California. (From left to right: Parag Agarwal and Elon Musk. Image source: Moneycontrol)

The executives said Elon Musk showed “special ire” toward them after he took over Twitter in 2022.

Apple slapped with $2 billion EU antitrust fine, following Spotify complaint

“Today Apple is reporting a new June quarter revenue record of $85.8 billion, up 5 percent from a year ago,” said Tim Cook, Apple’s CEO.

Spotify said, “While we are pleased that this case delivers some justice, it does not solve Apple’s bad behaviour towards developers beyond music streaming in other markets around the world.”

Anupam Mittal asks, “Is Google evil?”, as the battle between Google and Indian app developers rages on

"This may feel like old-fashioned advice, but these values have stood the test of time for good reason—they work," he said. (Image source: Moneycontrol)

After calling Google “the new Digital East India Co”, Anupam Mittal has again raised concerns about Google’s treatment of India app developers and the unfair terms it offers, with a question that’s inspired by Google’s famous tagline – Don’t be evil.

Google’s ‘attack’ on Indian apps; dark days, say stakeholders, questioning Google’s ‘inferior terms’ for Indian developers

This is one of three significant fines levied on the company in the past decade. (Representative Image: via Unsplash)

Is Google offering inferior terms to Indian app developers? Questions arise after Google’s latest app delisting action. Ashwini Vaishnaw, the Union Minister for Communications, Electronics, and IT has arranged a meeting on March 4 to address the dispute between the Big Tech and Indian app developers.

Elon Musk suing OpenAI: Vinod Khosla calls it a case of ‘sour grapes’, OpenAI execs’ memo rejects Musk’s claims

The report adds that the lawsuit filed late on Thursday in California Superior Court in San Francisco is a culmination of Musk's long-simmering opposition to the startup he co-founded. OpenAI has since become the face of generative AI, partly due to billions of dollars in funding from Microsoft. Musk went on to found his own artificial intelligence startup, xAI, launched last July. (From left to right: Elon Musk and Vinod Khosla. Image source: Unsplash)

Indian-American billionaire Vinod Khosla has said that Elon Musk suing OpenAI feels like a case of sour grapes.

Advertising spends in India to reach $16-17 bn in FY24: Redseer

Notably, the average transaction size for mass-market and mass-affluent products jumped by 11 percent and 12 percent respectively on match days in host cities. (Representative Image: Mathieu Stern via Unsplash)

Digital advertising market in FY2024 is expected to remain muted at a ~6-7 percent growth rate and reach US$ 8.8 – 9.3 bn in the fiscal, with global platforms such as Alphabet and Meta set to moderate their market share from ~62 percent in FY2023 to ~60 percent in FY2024.