Tag: Media

New Broadcasting Bill raises concerns over freedom, impact on news genre

EBITDA stood at ₹44.3 crores boasting a 33 percent margin and demonstrating a substantial 36.4 percent YoY improvement, primarily driven by robust top-line growth. (Representative Image: Paul Einerhand via Unsplash)

Section 20 of the draft recommendations stands out as a grey area for stakeholders in the news business, especially independent creators.

BookMyShow turns profitable after recording operating revenue nearing Rs. 1000 crores

Very low cost theaters (with a capital investment below INR4 million each) will also come into being across approximately 88 cities with populations between 100k and 500k, and in the next 300 to 500 even smaller towns with populations below 100k. These theaters, which will thrive on mass and spectacular films, will have lower ticket and food and beverage prices, and will help in growing footfalls from underserved markets.

BookMyShow’s operating revenue was recorded to be Rs. 976 crore in the year ended March 31, substantially more than Rs 277 crore that it recorded in FY22 as mentioned by Toffler.

TV ad volumes in news genre shows growth, Reckitt Benckiser dominates July-Sep quarter

The report also said that there was a 2 percent drop in advertising FCT (free commercial time)in 2023 over 2022. A drop was witnessed for 9 out of 12 months with only a marginal increase of 2percent in April to June quarter. (Representational image by Nabil Saleh via Unsplash)

According to TAM, the services sector emerged as the leader, capturing 15 percent share of news genre ad volumes.

BCCI approaches NCLT for insolvency of Byju’s over unpaid Rs. 158 crore

The payment due is regarding a contract between the two parties for sponsorships on the jerseys of the Indian Cricket Team. (Image source: Moneycontrol)

The BCCI told the NCLT that a notice was sent to Byju’s on January 6 asking to clear the pending payment of Rs. 158 crore excluding TDS (tax deducted at source).

Ad veteran Helen Anchan passes away

Helen Anchan retired from advertising in 2003. In 2004, she was bestowed upon with the Lifetime Achievement Award at the Emvies. (Image source: Web)

Former Lintas professionals Prem Mehta and Lynn D’souza remember Helen Anchan as one of the best media planners of her time.

Spotify layoffs: Audio streaming service to cut 17% of workforce globally

Spotify measured a panel of users' attention via Amplified Intelligence’s attention tool, across one month using data from 2,500 people in India capturing more than 7,900 ad views.

Spotify layoffs: The company is going for layoffs despite posting a notable operating profit of €32 million in Q3 2023, marking its first profitable quarter in the last two years.

What streaming services can learn from direct to consumer companies

Alongside viewership growth, there has been a notable increase in ad impressions, with APAC and LATAM still showing triple-digit growth while EMEA experienced a 111% rise in HOV and a 119% increase in ad impressions.(Representative Image: Bastian Riccardi via Unsplash)

A neutral interoperable technology stack for the streaming industry has huge benefits for the industry. Companies can focus more on their own sales and operations. More importantly, they need not worry about investing in a direction less technology stack, instead they can focus on building a universally accepted unit economics.

Elon Musk’s X facing an exodus of employees

A report from Business Insider indicated that the resignations include senior as well as junior employees. The staff began leaving as shortly after X handed bonus checks earlier in November said the report. (Image sourced via Forbes)

The micro-blogging platform is currently operating with a skeleton staff at its office as its advertising division continues to lose money.

PIB fact check unit takes down nine YouTube Down channels spreading fake news 

Vice will be transitioning to a studio model, following the cancellation of its  "Vice News Tonight” TV program and other layoffs before Vice filed for bankruptcy. (Representative Image: Markus Winkler via Unsplash) (Representative Image: Markus Winkler via Unsplash)

Since December 2022, PIB has exposed 26 such YouTube channels which regularly published false information on YouTube.