August 2024 – Page 42

Sony Pictures Networks India appoints Ritesh Khosla as General Counsel

In his new role, Ritesh Khosla will oversee SPNI’s Corporate Relations, Legal and Regulatory Affairs, Secretarial and Standards & Practices functions. He will provide risks and legal guidance, manage the company’s legal risks, and serve as the company’s Ombudsperson.

Walt Disney plans to eliminate 13% of jobs at NatGeo: Report

Walt Disney has laid off 7,000 staff since CEO Bob Iger was brought back in 2022. The company has trimmed costs to invest in the streaming business

Tata Play drops Sony Channels citing low viewership; Sony calls it arbitrary

On August 1, Tata Play started removing the SPNI channels from the subscription plans of about 10 million users and had then said it would continue to undertake this process over the next few days and accordingly plans to adjust monthly charges.

SPNI calls out the ‘low viewership’ narrative misleading. Harit Nagpal, MD & CEO, Tata Play, says the DTH service provider is streamlining its channel packs to optimise prices for customers.

Health Ministry urges BCCI, SAI to avoid promoting surrogate advertising of alcohol & tobacco

The Bombay HC left the issues of exemption or cancellation of registration on merits open

In a letter to BCCI President Roger Binny and SAI Director General Sandip Pradhan on Thursday, Dr. Atul Goel, Director of Health Services, requested both organizations to sign an anti-tobacco Declaration of Interest form.

Amazon’s ad revenue up by 20% in Q2 of 2024; Net income doubles to $13.5 billion

Compared to 2023, there was increase in ad impressions by 7% in 2024 on Digital medium.

Amazon.com reported ad sales of $12.77 billion. Overall, the global e-commerce giant revenue was up by 10% to $148 billion in the second quarter compared with $134.4 billion in Q2 2023

The Leela Group’s Shweta Jain on seizing a once-in-a-lifetime opportunity for Indian brands

At The Leela Group, Shweta Jain and her team are harnessing these opportunities, especially around the festive season and emerging trends in leisure travel. (Still from the campaign)

Shweta Jain, Chief Marketing and Sales Officer at The Leela Palaces, Hotels and Resorts, and her team are harnessing these unique opportunities presented to Indian brands, especially around the festive season and emerging trends in leisure travel.

Exclusive: ‘No tax demand pending against me’, says Supam Maheshwari, MD & CEO, FirstCry

FirstCry spent Rs 482.2 crore on advertising in FY24

The Pune-based startup aims to raise Rs 4,193 crore at the upper price band through this IPO. The firm is expected to list on exchanges on August 13.

Apple reports quarterly revenue of $85.8 billion; iPhone business revenue at $39.3 billion

Thousands of Apple Watch buyers in India are accusing HDFC Ergo and Zopper of misleading them with false promises of a 100% cashback offer under the "India Gets Moving" campaign.

Apple’s iPhone business accounted for about 46% of the company’s total sales during the quarter.

ITC’s Shuvadip Banerjee on Gen Z ditching ads for immersive brand worlds

Shuvadip Banerjee, CDMO, ITC Ltd

Shuvadip Banerjee, Chief Digital Marketing Officer at ITC Ltd discusses the blueprint for relevant brand activations and winning over discerning Gen Z consumers.

Beyond Squid Games: Netflix’s plans to serve super fandoms with games

will premiere a multiplayer game based on the Squid Game universe later this year timed to the launch of season two of its biggest TV series ever.

Netflix leadership updated on the streamer’s three year-old gaming initiative and user engagement on games, and its ability to scale its gaming efforts.