Media – Page 208 – storyboard18

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.

IDBI trusteeship files appeal against Subhash Chandra at NCLAT

Zee Entertainment reported a 180 percent jump in its profit in the December quarter.

The appeal challenges the NCLT Mumbai’s order, which dismissed ITSL’s claim and approved the merger of Zee and Sony.

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.

Central Consumer Protection Authority issues guidelines to provide for the prevention and regulation of dark patterns

As per the guidelines, in case of ambiguity or disputes, the Central Consumer Protection Authority will have the final authority. (Representative Image: Eilis Garvey via Unsplash)

The guidelines are applicable to all platforms offering goods or services in India, including advertisers and sellers.

IPL media rights value to reach $50 billion in 2 decades, predicts league chief

The positive growth in media stocks is not limited to those in the print media. TV companies, cable TV distribution companies and listed multiplex chains have all benefited in the last one year. (Image source: News18)

IPL is the best Make in India brand we can think of post-independence and is the most-watched cricket league in the world, said Arun Dhumal.

Leadership battle in Zee-Sony merger: Will it be Goenka or Singh, given governance & regulatory concerns

In August this year, days after the NCLT (National Company Law Tribunal) approved the Zee-Sony merger, SEBI (Securities and Exchange Board of India) issued an order preventing Goenka and his father Subhash Chandra from assuming any significant management roles in Zee companies or the newly-merged entity. (From left to right: Punit Goenka (Image source: News18 Hindi) and NP Singh)

The fight for the top job in the merged entity puts a question mark on not just the merger details, but also the corporate governance of a listed company.