Sony Pictures Networks India reported a 19% decline in net profit to Rs 839 crore and a 3% decrease in revenue to reach Rs 6,510 crore in FY24.
Tag: Media
Retired IPS officer Sharad Kumar joins BCCI’s Anti-Corruption Unit as new chief
Sharad Kumar’s responsibilities will include looking into match fixing and betting scandals.
YouTube Shorts expands to three minute videos, enhancing creator flexibility
In a move to compete more effectively with TikTok and Instagram Reels, YouTube announces a significant update to its Shorts feature, allowing longer videos and introducing new creative tools for users.
Dubai court rejects Honasa Consumer grievance filed over fiasco with UAE distributor
The Court of Merits in Dubai has rejected the grievances filed by Honasa and its distributor in the Middle East and African region (RSM General Trading) and ordered to attach assets of Honasa Consumer in UAE along with refusal to cancel its trading license. Honasa foresees no financial implications and plans appeal in Court.
Akshay Kumar most visible star on TV with average visibility of 22 hours per day
Shahrukh Khan followed Akshay Kumar with 20 hours per day through TV sponsorships. According to the TAM AdEx report, 32% of TV ads in H1 CY2024 were endorsed by celebrities.
Digital to contribute 18% to revenue pie of media companies by FY27
At present, the digital segment has a 12% share in the media players’ revenue pie (8% in FY19). According to Crisil, it is expected to grow as companies are now focusing on digital modes such as over-the-top platforms, social media, and mobile apps.
1 in 3 car buyers are likely to buy an electric vehicle: Way2News survey
Way2News survey reveals shifting priorities in South India’s car-buying mindset as safety, electric vehicles, and digital platforms reshape the market amid an industry slowdown.
PwC India and Meta join forces to scale Generative AI solutions with Llama models
The strategic collaboration aims to democratize AI adoption in India by leveraging Meta’s Llama models to develop scalable, enterprise-grade solutions.
Disney Star onboards Dream11, Hero and 12 more sponsors for ICC Women’s T20 World Cup’24
Sponsors for Disney Star’s digital and linear platforms include Dream11, Natural Diamond Council, OnePlus, Dazller, ICICI Bank, Asus, Asian Paints, Maruti Suzuki, Aramco, Hero, SBI, Lenskart, Kajaria, and Skechers.
UPI transactions soar eightfold post-pandemic, crossing 500 million daily
UPI processes 15.04 billion transactions in September 2024, recording a 42% year-on-year growth.