April 2025 – Page 49 – storyboard18

Movie theatres are never coming back, says Netflix’s co-CEO Ted Sarandos

Highlighting troubling industry data, Sarandos noted that the theatrical box office remains significantly diminished, down 40-50% from pre-Covid levels, with an additional 8% drop recorded this year alone. (Image: News18)

Netflix’s co-CEO cites weak box office numbers and booming live events as indicators of the permanent shift away from cinemas.

Bright Outdoor acquires exclusive OOH media rights for Navi Mumbai Metro 1

In addition to the Navi Mumbai Metro project, Bright Outdoor achieved a major milestone in 2024 by securing the Western Railways Advertising Tender.

The OOH agency has acquired advertising space spanning approximately 85,000 square feet, ensuring extensive brand visibility in one of India’s fastest-growing urban centers.

Kansai Nerolac Paints appoints Pravin D. Chaudhari as Managing Director

Kansai Nerolac Paints is set to strengthen its strategic direction and continue its growth trajectory in the Indian market.

Chaudhari has been appointed for a three-year term, subject to shareholder approval.

Havells India elevates Rahul Murgai to Executive Vice President

Rahul Murgai previously led Havells India as global senior vice president – international business division.

No relief for Ranveer Allahbadia as Supreme Court refuses to return his passport, extends protection from arrest

Speaking with actor Emraan Hashmi in his podcast, he described the experience as “a shock,” saying, “I was genuinely at my peak, and then we crashed and burned. At this point, I’m the powder, and the powder is collecting itself to shape up again.”

The court extended its interim protection for Allahbadia, shielding him from arrest over police cases filed against him in Mumbai, Guwahati, and Jaipur.

India’s express logistics market poised for rapid growth, to hit 24-29 billion shipments by FY 2030: Redseer Report

As the express logistics sector evolves, leading e-commerce companies are adapting their strategies to keep pace with demand.

The surge in shipments is being primarily driven by the expansion of e-commerce, particularly in non-horizontal sectors, and the rise of hyperlocal and quick commerce services.

Zomato’s AI push leads to 600 job cuts in customer support: Report

Mass layoffs seen in Zomato as the company leverages on AI tech

The Gurugram-based food delivery platform hired 1,500 employees under its Zomato Associate Accelerator Program (ZAAP) a year ago in customer support roles across sales, operation, programme management departments

Maharashtra Police summons attendees of Kunal Kamra’s ‘Naya Bharat’ show amid controversy

Kamra's legal team highlighted that the Madras High Court had granted him interim protection from coercive actions, but the protection was set to expire on Monday.

The police are investigating Kamra’s comments and have summoned audience members under Section 179 of the Code of Criminal Procedure (CrPC), which allows authorities to question witnesses.

Ranveer Allahbadia returns with a new podcast after India’s Got Latent row, netizens pour support

After weeks of being in the news following a controversy, YouTuber Ranveer Allahbadia made his comeback on March 31 with a powerful new podcast episode. In a reflective conversation with Buddhist Monk Palga Rinpoche, Ranveer delves into personal struggles and the wisdom he’s gained from the monk’s teachings.

Yahoo appoints former Paramount Executive Josh Line as CMO

Reporting directly to Yahoo CEO Jim Lanzone, Line is expected to leverage his extensive brand-building expertise to steer Yahoo’s marketing strategy.

Line, who previously served as Chief Brand Officer at Paramount, will now lead Yahoo’s marketing initiatives.