Quantum Brief – Page 5

ZEE Layoffs: Earlier stated aim of 15% workforce reduction results in more job cuts?

Days after Zee CEO Punit Goenka emphasized cost-cutting measures to improve margins and achieve long-term growth, employees were laid off this week as part of the phased reduction in workforce, as per sources.

FSSAI finds no EtO traces in spice samples of MDH and Everest

The FSSAI will continue testing around 4000 samples around India and will suspend more licences than the 111 already suspended, if needed. (Image source: News18)

Over 300 samples of spices of other brands were also examined and no EtO was found in them, the body said.

Disney shifts content spending to streaming, reduces investment in linear TV: Reports

According to Iger, while the TV business is not on a growth trajectory it still has the potential to become an important component to engage with customers. (Image sourced via CNBC)

Disney CEO Bob Iger announced strategic shift to counter shrinking pay-TV market, prioritising content spending for streaming platforms

ZEEL reports profit of Rs.13.35 crore in Q4FY24

Zee Entertainment had said it has plans to invest these funds to enhance strategic flexibility to pursue growth opportunities in the evolving media landscape.

ZEEL’s advertising revenue was disclosed to be Rs. 1110.2 crore compared to Rs. 1005.8 crore in the fourth quarter of FY23.

ChatGPT gets access to Reddit content; OpenAI and Reddit announce partnership

OpenAI will become a Reddit advertising partner. (Representative image via Unsplash and X)

This partnership will enable Reddit to bring new AI-powered features to redditors and mods. Reddit will be building on OpenAI’s platform of AI models to bring its powerful vision to life.

Viacom18 – Star India deal: NCLT admits merger scheme

Reliance Industries has also assured that there would be no adverse impact on competition, as a result of the merger.

The merger will result in cost reduction due to synergies, thus creating value for shareholders of Viacom18, RIL group and Disney group, said the order.

Apple News+ rolls out new game and offline mode to drive subscriptions

iPhone maker gears up for major retail expansion in Bengaluru, Pune, Delhi-NCR, and Mumbai; aims to capitalize on India's growing smartphone market and robust sales of non-smartphone products.

Apple enhances News+ experience with spelling game and an office mode that allows subscribers to access personalised content without Wi-Fi.

Legal action initiated against A.R. Rahman over alleged intellectual property infringement in ‘Le Musk’

The entities under MAI Group plan to sue Rahman against ‘unauthorised utilisation of their revolutionary sensory-driven technology.’ (Image sourced via Forbes India)

The dispute raises questions about intellectual property rights and creative ownership in the entertainment sector.

No business impact on Patanjali Foods due to Patanjali Ayurved misleading ad controversy: Sanjeev Asthana

While speaking to CNBC-TV18, Asthana also mentioned the company’s target of maintaining a revenue growth rate of 8-10 percent for FMCG business, for the fiscal.

Sanjeev Asthana, CEO, Patanjali Foods, also shares how the non-food business acquisition will be EBITDA positive for the company, which is likely to be announced in the next few weeks

England and Wales Cricket Board partners with RISE Worldwide to elevate digital and virtual inventory sponsorship sales in India

It also presents limitless opportunities for brands to engage with Indian audiences on a deeper level, amplifying visibility and fostering meaningful connections.

This partnership highlights the significant potential of virtual inventory and leverages RISE’s foothold in the sports ecosystem to activate fans of English cricket in the region.