Page 2 - Media And Entertainment

Media mogul Byron Allen'slatest takeover attempt: Paramount for $14 bn

Allen offered $28.58 each for the voting shares of Paramount, a 50% premium to recent trading, and $21.53 for the non-voting shares, according to people familiar with his terms

Amazon's video advertisement push aims to turn TVs into shopping carts

For decades, TV commercials have inspired and influenced future buying decisions rather than impulse purchases, and that hasn't changed in the streaming era

9 Indian movies, shows in Netflix's top 1,000 watched between Jan-Jun 2023

Netflix on Wednesday released its 'What We Watched: A Netflix Engagement Report' showing the ranking of shows and movies based on the hours watched

'The Archies' movie review: Vapid nostalgia that misses political nuances

Set in the mid-1960s, the film signals virtues through reference to corporate greed, gender politics, and global warming, but delivers solutions that are too easy

India to be 3rd largest media & entertainment mkt in 5 yrs: Anurag Thakur

Union Information and Broadcasting Minister Anurag Thakur has said India will become the third largest media and entertainment market in the world in next five years. Speaking at the inauguration of 54th edition of the International Film Festival of India (IFFI) in Panaji on Monday, Thakur also said that for the first time, IFFI has decided to bestow the best web series OTT award, acknowledging the transformative role of original content creators in the country. "India, on one hand, has become the fifth largest economy of the world. It is also fifth largest in the world in terms of the media and entertainment industry. In the next five years, India is going to be the third largest economy in the world as well as the third largest media and entertainment market," he said. The minister said similar to last year's edition when they initiated some firsts, the spirit continues with some more firsts in this edition also. "For the first time and from hereon, IFFI will bestow the best web

54th International Film Festival of India to be held from Nov 20 in Goa

Over 270 films will be showcased during the festival at four venues

Tata Communications to expand media & entertainment services: Details here

Amur Lakshminarayanan, managing director and chief executive of Tata Communications, stated that the company will continue investing in building its portfolio to keep the growth momentum

Entertainment & media industry revenues to reach $73.6 bn by 2027

The country's entertainment and media industry is expected to see a growth of 9.7 per cent annually in revenues to reach USD 73.6 billion by 2027, according to a PwC report. Evolving consumer preferences, increased internet access and emerging technologies are fast reshaping the Entertainment and Media (E&M) industry, PwC said on Tuesday in a report titled 'Global Entertainment & Media Outlook 2023-2027', the 24th annual analysis and forecast of E&M spending by consumers and advertisers across 53 territories in 13 sectors. For the industry, it said 2022 marked an important inflection point. The total global E&M revenue of USD 2.32 trillion witnessed a sharp decline from a 10.6 per cent growth rate in 2021 to 5.4 per cent in 2022. This sluggish E&M growth comes on the back of a decline in consumer spending. For some key sectors, the surge in uptake and revenues experienced during Covid-19 ran out of steam, for example, podcasts, which were among the industry's major

India Inc offers higher stipends to apprentices, shows TeamLease report

TeamLease on Tuesday released its 'Stipend Primer Report' for FY22, which suggests that a 2% increase was witnessed in 2022 in average stipend payouts, as against the previous fiscal

At $26 bn, M&E industry 10% above pre-pandemic mark; movies at 90% in 2022

The Indian media and entertainment (M&E) industry grew by 20 per cent to touch Rs 2.1 trillion ($26 billion) in 2022. That is 10 per cent above pre-pandemic 2019, according to the annual EY report released during the ongoing FICCI Frames conference in Mumbai, reports 'Variety'.

Cyber security, accidents among top threats for industry: Ficci report

A seminar on 'New Age Risks' was organised by Ficci to discuss and debate the trend of traditional risk parameters and emerging risks that may impact the industry

Quibbles of a media reporter

Cinema is the core of India's creative ecosystem feeding TV, OTT, advertising, music and several other businesses

Covid-19 behind, M&E sector navigates the future at Ficci Frames 2022

Back after a two-year hiatus, the summit deliberated on key issues plaguing the sector

Media and entertainment industry in South sees 15% growth: CII report

The industry in South is currently valued at around Rs 74,900 crore

2020, the year that was: A gloomy picture for the entertainment industry

Decimation of film business, redrawing of the video map, and possible break-up of big tech firms could be dominant trends in 2021

Media and entertainment sector to grow over 10% till 2024: Report

The media and entertainment industry is expected to grow at an annual rate of over 10 per cent to reach $55 billion by 2024, according to a report

Why the new farm Bills should excite the advertising ecosystem

All the politics around them notwithstanding, the new Farm Bills could open up an entirely new domain of work for advertising and media. Sandeep Goyal explains how

Coronavirus spoils the show for media and entertainment business

The industry is at the cusp of a transformation, according to an EY report that came out in the early weeks of the Covid-19 onslaught

The silver screen's silver lining

Multilingual films, more screens and better stories are getting more people into the theatres after years

Allee Willis, writer of 'Friends' theme song 'I'll be there for you', dies

Allee Willis won a Grammy in 1985 for her work on the soundtrack for 'Beverly Hills Cop'