Zee clarifies media reports quoting Subhash Chandra on firm’s future

India’s first private sector broadcasting company Zee Entertainment, now battling downturns after a merger with Japan’s Sony Group’s India entity was called off earlier this month, has clarified that it cannot comment on a media report that quoted the company’s founder Subhash Chandra, as saying the promoters would hike stakes in the media firm.

NDTV reports Q3 loss as businesses cut adspend

India’s New Delhi Television Ltd (NDTV), part of the billionaire Gautam Adani-led Adani Group, reported a third-quarter loss yesterday, as businesses cut back on advertising spending. Companies diverted advertising spends to the cricket world cup during the quarter, hurting broadcasters that were unaffiliated with the tournament. Advertising is the biggest source of revenue for a broadcaster.

Moneycontrol launches ‘The Election Budget: India 2024’ initiative

Moneycontrol, India’s premier business news platform, has unveiled its latest initiative, ‘The Election Budget: India 2024.’ This innovative coverage combines cutting-edge reporting with interactive data tools to deliver comprehensive insights into the Narendra Modi government’s last budget before the general elections. Designed to cater to diverse digital audiences,..

VI set to roll 5G in six months

Vodafone Idea (Vi), India’s third-largest telecom operator, is gearing up to introduce commercial 5G services within the next 6-7 months. Currently undergoing 5G network trials in Mumbai, Pune, and Delhi, Vi also plans to optimize its bandwidth by phasing out 3G services, enhancing its 4G coverage. Akshaya Moondra, Vi’s Chief Executive, emphasized the need for clarity on the monetization of 5G services before the public rollout.

‘Suits’ breaks US streaming record in ’23; surpasses ‘The Office’

Legal drama ‘Suits’ took the top spot as the most streamed title ever from another audience favorite ‘The Office’ 2023, while shows on Netflix dominated overall streaming charts in the US, according to Nielsen data. ‘Suits’ racked up 57.7 billion viewing minutes in 2023, thanks to its availability on both Netflix and Comcast-owned Peacock.

AVIA welcomes new chairman and directors, enhancing leadership diversity

In a significant development for the Asia Video Industry Association (AVIA), Phil Hardman, Senior Vice President and General Manager of BBC Studios Asia, has assumed the role of Chairman of the Board of Directors, succeeding Clément Schwebig. This transition marks a pivotal moment for AVIA, with the new chairman expressing enthusiasm for navigating..

Vh1 Supersonic unveils 2024 lineup

Vh1 Supersonic, India’s iconic music and lifestyle festival, is set to captivate audiences with its 2024 edition, featuring a star-studded lineup and exciting brand partnerships. Held at Mahalakshmi Lawns, Pune, from February 16 to 18, the festival promises an immersive experience across 5 stages and 3 days.

Google reports $307bn revenue for 2023

Google, which spent $2.1 billion on severance and other expenses as it laid off more than 12,000 employees last year, will spend another $700 million on employee severance charges for the first quarter of this year. Alphabet (the parent company of Google) posted revenues of $307 billion for the full year 2023, up 9 percent compared to 2022, IANS reported from San Francisco.

White unveils new brand identity, logo

White, a leading independent brand experience company, has announced a visual rebranding accompanied by the unveiling of a new logo. This strategic shift signifies a significant milestone for the agency, emphasizing its commitment to creating meaningful brand experiences through compelling storytelling. The refreshed logo and identity convey a sense of ‘contemporary longevity,’ blending modern

Mirchi, Gaana join ISPL as entertainment partners

Indian Street Premier League (ISPL), the pioneering tennis ball T10 cricket tournament set to unfold within stadium confines, has inked a significant partnership with Mirchi and Gaana as its Official Entertainment Partners. This collaboration marks a pivotal moment for ISPL, promising to elevate the tournament’s entertainment quotient by integrating exclusive experiences curated by Mirchi and Gaana.