Media Industry Growth
Listed media majors log muted Q1, could struggle in first half of FY25
For the film exhibition business, the June quarter was also sub-par due to the impact of both the cricket and election season as well as a lack of big-budget content
 "Listed media majors log muted Q1, could struggle in first half of FY25")
FanTV aims to onboard 10 mn users, add 80,000 content creators in 18 months
Krafton-backed social app FanTV aims to double its user base to over 1 crore and grow content creators on the platform by about five-fold to 1 lakh in the next 12-18 months, a top company official said on Wednesday. The company also entered into a strategic partnership with blockchain company Mysten Labs to drive mass adoption of Web3 technology. "Through our collaboration with Mysten Labs, we are committed to driving innovation and democratising the content creation ecosystem. "Our goal is to onboard over 1,00,000 creators and 10 million users, ushering in a new era of decentralised social media in the next 12-18 months," FanTV Founder and CEO Prashan Agarwal said in a statement. At present, FanTV claims to have over 40 lakh users and more than 20,000 creators. Earlier, the company raised USD 5.5 million, about Rs 45 crore, from Multicoin Capital, Krafton, IOSG Ventures, and Woodstock Fund.
 "FanTV aims to onboard 10 mn users, add 80,000 content creators in 18 months")
US media layoffs top 3,000 in past year as digital ads disappoint
The job reductions include some of the most storied names in the business. Time magazine cut 15% of its staff. Conde Nast, publisher of Vogue and the New Yorker, has let go 5%
 "US media layoffs top 3,000 in past year as digital ads disappoint")
SRK, smartphone & Scale: Box office booms for entertainment, OTT in trouble
Media & entertainment has done very well in the physical world. It is the virtual one that is in trouble
 "SRK, smartphone & Scale: Box office booms for entertainment, OTT in trouble")
Indian advertising market to grow 16% in 2023: Pitch Madison report
Second forecast after GroupM's to project double-digit advertising growth; digital biggest advertising category
 "Indian advertising market to grow 16% in 2023: Pitch Madison report")
India's media and entertainment industry to hit Rs 4 trn by 2025: Report
The country's media and entertainment (ME) sector will be the fastest growing globally in terms of both consumer and advertising spends
 "India's media and entertainment industry to hit Rs 4 trn by 2025: Report")
From Times Group to Zee, Indian media business in the post-pandemic world
The post-pandemic list tells just one story - that of utter devastation
 "From Times Group to Zee, Indian media business in the post-pandemic world")
The dance of the media elephants
As the big boys of media push for consolidation, scale is emerging as the killer app
 "The dance of the media elephants")
Media industry likely to grow at 12% by 2022
With strong growth of 11-12 per cent over the next five years, the industry is poised to add 700,000-800,000 new jobs in the country
 "Media industry likely to grow at 12% by 2022")
