Page 2 - Media Industry

This 50-year-old Kitty has fetched over $84.5 billion for its owner

Global sensation Hello Kitty, the iconic red bow-wearing cat, turns 50 this year. Over five decades, her cuteness has captivated audiences worldwide, generating billions for her Japanese owner, Sanrio

Enabling true journalism: The design principles

The role of the media as the watchdog of democracy can only be fulfilled through a balanced distribution of power, fostering dialogue, and upholding transparency

Media baron Ramoji Rao, founder of Ramoji Film City, passes away at 87

Ramoji Rao took his last breath at 3:45 am on Saturday. He was admitted to the hospital on June 5 after facing difficulty in breathing, the Eenadu Group said

Former Indian Newspaper Society President Naresh Mohan passes away

Union Minister Anurag Thakur and industry leaders paid tributes to the late media veteran and remembered his invaluable contribution to the field

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.

Storytelling important for audio professionals: Reliance Broadcast CEO

Abraham Thomas says there are 'no voice artists anymore' but content creators with a good voice

Delhi court grants police 10 more days to complete NewsClick investigation

A court here on Wednesday granted the Delhi Police 10 days more to complete its investigation against NewsClick founder and editor-in-chief Prabir Purkayastha in a case lodged under the anti-terror law UAPA over allegations that the news portal received money to spread pro-China propaganda. Additional Sessions judge Hardeep Kaur passed the order on an application filed by police, which sought more time to complete its investigation, claiming it was "at a crucial stage". The judge had on December 22 granted the city police 60 more days to complete the probe. The court on February 23 further granted 20 more days to police to conduct the investigation. The judge also extended the judicial custody of Purkayastha and accused-turned-approver Amit Chakravarty, NewsClick's HR department head, by 10 more days. The Special Cell of Delhi Police had arrested Purkayastha and Chakravarty on October 3. Without the court's permission, the probe agency would have had three months from the day of

Britain will change law to ban foreign countries from owning newspapers

The decision comes at a time when Britain is using a separate regulatory process to weigh up whether to allow Redbird IMI's bid for the Telegraph

I&B minister Anurag Thakur launches 'Swaraj' series on OTT platform

Information and Broadcasting Minister Anurag Thakur on Tuesday launched the first season of "Swaraj" on OTT platform Amazon Prime. Speaking on the occasion, Thakur said, the launch of the series on the over-the-top (OTT) platform was a true tribute to all those unsung great heroes of our independence who sacrificed everything for the country. He said the series was commissioned taking inspiration from the "Azadi Ka Amrit Mahotsav" national campaign of Prime Minister Narendra Modi and captures the stories of bravery in India's freedom struggle about which very few people know. "These are the wars which got lost somewhere in the pages of history. I am confident that this series will instil a sense of pride in our youth towards the history of our nation," Thakur said. He said the series will help the national and international audience understand the spirit of the country's 500-year-long relentless struggle to gain independence from colonial rulers. Produced by Contiloe Pictures, the

Statsguru: M&E sector resilient despite growing at slower pace than economy

Growth is expected to reach double-digit levels in the next few years

Zee MD & CEO Punit Goenka revamps revenue vertical, Rahul Johri resigns

Zee Entertainment Enterprise Ltd on Saturday announced the resignation of Rahul Johri and changes in the revenue vertical of the broadcast business implemented by its MD & CEO Punit Goenka. Johri, who was President - Business of Zee Entertainment Enterprise Ltd (ZEEL), and heading revenue and monetisation, has resigned after a stint of over three years, according to a statement from the company. The company has accepted the resignation of Johri, it added. Besides, ZEEL also announced strategic changes in the revenue vertical of the broadcast business. Now Ashish Sehgal, Chief Growth Officer, Advertisement Revenue, will directly report to the MD & CEO, said ZEEL. "This announcement is the first step towards streamlining the organization, in order to optimize the resource allocation and enhance productivity," it said. Before ZEEL, Johri was the first Chief Executive Officer at the Board of Control for Cricket in India (BCCI) and led Discovery's South Asia operations. Goenka ...

Paramount in talks to sell India TV joint venture stake to Reliance

New York-based media company has been in advanced talks to sell its minority stake in Viacom18 Media Pvt. to Reliance, said the people, who asked to not to be identified as the information is private

Digital to overtake TV in revenues by the end of 2024: FICCI-EY report

The media sector is expected to grow by 10.2% to reach Rs 2.55 trillion by 2024

M&E to cross Rs 3 trn in 2026, digital media to top TV this year: Ficci

The digital media will potentially overtake television as the leading segment in the media & entertainment sector in 2024 with an estimated size of Rs 75,100 crore, said a joint report from industry body FICCI (Federation of Indian Chambers of Commerce and Industry) and EY on Tuesday. While the Indian Media & Entertainment (M&E) sector grew by 8.1 per cent in 2023, reaching Rs 2.32 lakh crore and is expected to touch Rs 2.55 lakh crore and cross Rs 3 lakh crore mark by 2026, it added. "We expect the M&E sector to grow 10.2 per cent to reach Rs 2.55 trillion by 2024, then grow at a CAGR (Compound Annual Growth Rate) of 10 per cent to reach Rs 3.08 trillion by 2026," the report said. Though in 2023 television remained the largest segment with Rs 69,600 crore, however, it had a degrowth of 1.83 per cent as against Rs 70,900 crore in 2022, it said. While, the digital media in 2023 crossed Rs 65,400 crore and is expected to be around Rs 75,100 crore in 2024, which is ahead

Registration of newspapers, periodicals goes online via Press Sewa Portal

Registration of newspapers and periodicals is now a click away as the new law has replaced the colonial era Press and Registration of Books Act dating back to 1867. The government has notified the Press and Registration of Periodicals Act (PRP Act), 2023, and its Rules in its Gazette and consequently the Act has come into force from March 1, an official statement said. From now on, the registration of periodicals shall be governed by the provisions of the PRP Act and the Press and Registration of Periodicals Rules. According to the notification, the office of the Press Registrar General of India (PRGI) shall carry out the functions of the erstwhile Registrar of Newspapers for India. The new Act provides for an online system for facilitating the registration of newspapers and other periodicals in the country. The new system replaces the existing manual, cumbersome processes involving multiple steps and approvals at various stages which were causing unnecessary hardships to the ...

Delhi court orders Bloomberg to remove 'defamatory' article against Zee

The article mentioned details pertaining to the corporate governance and business operations of Zee, which were inaccurate in nature and led to a 15 per cent drop in the share price of the company

How will Reliance-Disney JV shape up, what will happen with media industry

"The whole narrative will change from TV is dying to TV-plus-digital is the future," says an industry observer

'Regional languages content on OTT platforms growing significantly'

OTT platforms are growing significantly in various regional languages across India, Ministry of Information and Broadcasting Secretary Sanjay Jaju said on Wednesday. In his keynote address at India Digital Summit (IDS) 2024, here, Jaju pointed out that there were over 60 OTT platforms in India, of which 30 per cent OTT originals were operating in regional languages. The number is expected to go up to 50 per cent this year. He also said that the media and entertainment sector was a huge sector and played a pivotal role in the Indian economy. "It's been growing phenomenally at a rate of 20 per cent and is approximately Rs 2 lakh crore. In that, the digital media segment is the second largest sub-segment, and has been showing a growth of approximately 30 per cent -- around Rs 60,000 crores -- and the film segment has a 25 per cent growth rate," he said. Over 200 films were released on digital platforms in the last year, including 75 films which were released directly on digital platfo

Google hit with $2.3 bn lawsuit by 32 media groups including Axel Springer

Google last year said it disagreed with EU antitrust charges against its ad tech business where it is involved in both the buy-side as well as the sell-side of the supply chain

Reliance, Disney sign $8.5 bn deal to form JV, to merge media ops in India

Reliance, led by Asia's richest man Mukesh Ambani, will inject $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake