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Indian broadcasters at loggerheads with ICC over media rights
Three out of the four broadcasters are of the view that if the ICC doesn’t agree to their “valid demands”, they should boycott the auctions completely, but a decision on the same is yet to be taken.

Airtel launches Wynk Studio, earmarks Rs 100 cr; plans to onboard 5,000 independent artists

Airtel launches Wynk Studio to support independent artists; earmarks Rs 100 crore
On how Wynk Studio will help the artists, Nair explained that it will allow users to directly launch their music on the Wynk music app, which has 75 million users already. “The music will be shared with other music platforms too, which will help them get discovered. This will help the artists to achieve record streams in competitive timelines through the support of our strong distribution capabilities. This ensures consistent earnings for artists on every stream enabling them to make their music career,” he said.

PVR boss Ajay Bijli explains why your popcorn is so expensive
Bijli said that he doesn't blame the consumers for speaking against expensive food at PVR cinemas as the transition from a single screen to multiplexes is still happening and the operational and capital expenditure involved in running both has huge difference. ​​​

Disney+Hotstar adds 8.3 million subscribers, hits 58.4 mn users
Disney+Hotstar has added 8.3 million subscribers in the company's third fiscal quarter that ended on July 2, reaching 58.4 mn subscribers in India and Southeast Asia.

Sony renews media rights deal with England Cricket Board till 2028
After losing Cricket Australia to Disney Star, SPN has picked up exclusive TV and digital rights for all Men’s International, Women’s Internationals as well as County competitions played in England.

Rohit Gupta retires from Sony Pictures Networks India
Gupta was pivotal in driving the organisation’s revenue streams through network sales and international business before transitioning to an advisory role to the board in July 2021. Through his deep understanding of the industry and sharp business acumen, he drove a significant expansion of the company’s revenues.

Netflix signs multi-year deal with Raj & DK for all future projects of D2R Films
Known for critically acclaimed series, ‘The Family Man’, on rival platform Amazon Prime Video, Raj & DK are already the show-runners and directors of Netflix’s upcoming comedy crime thriller series, ‘Guns & Gulaabs’, a story of love and innocence in a world of crime, a nostalgic tale of all kinds of firsts, from first love to first kill.

Bollywood business model unviable, actors' fees need course correction: Industry
"The Hindi film industry’s business model has gone for a toss," said a top producer, who has produced over 50 films and a few web series. "The only way it'll work is if the stars come down to earth. We have been talking about the rising cost of the stars for a decade now, but nothing has happened."

ZEE-Sony merger receives approval from stock exchanges
The two companies had already filed an application in the Competition Commission of India (CCI) for its permission and will now file for approvals from the National Company Law Tribunal (NCLT) and other regulatory approvals.

BGMI Master Series 2022 records a viewership of 100 million on Loco
Held in New Delhi, the tournament had an overall prize pool of Rs 1.5 crore. It started on June 24th and concluded with a grand finale event on July 17th. This was also the first time when an esports tournament was aired live on a mainstream sports channel, Star Sports.

Netflix back up after brief streaming outage
At its peak, there were more than 1,300 incidents of people reporting issues with Netflix, according to outage-tracking website Downdetector, which collates status reports from a number of sources in the United States.

PVR raises ticket prices by up to 23%, says CEO
"Every year, we used to hike the prices by 5–7%, but we couldn’t do that in the last two and a half years. During this time, electricity costs, rent and maintenance charges have gone up, so we had to hike the prices," said Dutta.

Sony Pictures Entertainment names two leaders for Indian film business
Lada Guruden Singh will head local film development and production slate as well as expansion in regional cinemathe production business, while Shony Panjikaran will oversee theatrical releasing business across the Hollywood and local cinematic slate in India, including all distribution, sales, and marketing efforts.

Bollywood caught between hits and flops as moviegoers rate ‘experience’, story higher than stars
According to various estimates by trade analysts in the industry, of all the films released since March 2022 after the reopening of theatres, only two films have done 'average' business. Out of 31 films that have been released in theatres, 22 (close to 71%) have been flops, losing 50% or more of their investments, while two have been blockbusters, earning more than 200% at the box office, and five were marginal hits, making some profits.

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