Entertainment Sector

This deal is expected to strengthen Saregama India's video segment and further consolidate its market leadership in the music licensing segment

AI is set to reshape India's media and entertainment industry, with leaders warning of major disruption in content creation, skills and global competitiveness

With a net profit of ₹80 crore on revenues of ₹380 crore in the financial year ending 2024, Maddock is clearly on a roll.

Prime Focus on Friday announced a Rs 3,000 crore investment to set up a 'film city', housing an entire ecosystem related to entertainment. The BSE-listed entertainment company signed a memorandum of understanding with the Maharashtra government to create the facility, which has the potential to create up to 2,500 jobs, on the sidelines of the ongoing WAVES 2025 event here. Founder of the company Namit Malhotra told PTI that the film city will come up over a 200-acre area within the financial capital that the state government has committed to allocate. Without disclosing the exact location where the facility will be housed, Malhotra said the state government has two or three options. The financial capital already houses a film city run by the state government, which primarily hosts studios for film production and post-production and also talent training. Prime Focus' film city will have a Ramayana-themed amusement park, hotels, residential accommodation facilities where families ca

Google and Meta accounted for over 95 per cent of the Rs 64,500 crore spent on digital media in 2023

The Indian entertainment industry suffered a staggering loss of Rs 22,400 crore in 2023 due to piracy, according to a report released on Wednesday, that advocated for stronger regulations and collaborative efforts to effectively mitigate piracy risks. According to "The Rob Report" by EY and the Internet and Mobile Association of India (IAMAI), 51 per cent of media consumers in India access content from pirated sources, with streaming services being the most significant contributor at 63 per cent. "The size of India's piracy economy was Rs 22,400 crore in 2023, ranking fourth against the segment-wise revenue generated by India's Media and Entertainment industry. "Of this, Rs 13,700 crore was generated from pirated content from movie theatres while Rs 8,700 crore was generated from OTT platforms' content. The potential GST losses of up to Rs 4,300 crore were estimated to have been incurred," it said. Piracy refers to the unauthorized copying, distribution, or use of copyrighted ...

The Walt Disney Co. is tapping Morgan Stanley executive James Gorman to serve as its next chairman, beginning early next year. The entertainment giant also announced that it anticipates naming its new CEO in early 2026. Gorman will become chairman on January 2, 2025. He will succeed Mark Parker, who is leaving after serving on Disney's board for nine years. Gorman is currently chair of Disney's succession planning committee. He serves as executive chairman at Morgan Stanley, but will be stepping down from that post at the end of the year. The Disney Board has benefited tremendously from James Gorman's expertise and guidance, and we are lucky to have him as our next Chairman particularly as the Board continues to move forward with the succession process, Disney CEO Bob Iger said in a statement on Monday.

Streaming giant said that its ad-supported service accounted for more than 50 per cent of signups in the third quarter in countries where it was available

Former One Direction singer Liam Payne, 31, whose chart-topping British boy band generated a global following of swooning fans, was found dead Wednesday after falling from a hotel balcony in Buenos Aires, local officials said. Buenos Aires police said in a statement that Payne fell from the third floor of the Casa Sur Hotel in the trendy Palermo neighborhood of Argentina's capital, resulting in extremely serious injuries. Medics confirmed his death on the spot, the statement said. Pablo Policicchio, the communications director for the Buenos Aires Security Ministry, said in a statement to The Associated Press that Payne had jumped from the balcony of his room. Police rushed to the hotel in response to an emergency call just after 5 pm local time, he said, warning of an aggressive man who could be under the influence of drugs or alcohol. The hotel manager can be heard on a 911 call obtained by the AP saying they had "a guest who is overwhelmed with drugs and alcohol ... He's destroy

Apple signed a content deal with Indian telecoms operator Bharti Airtel late in its push for a larger slice of the country's $28 billion entertainment market

The DNA of the business is closely tied to the filmmaker's vision, said Namit Malhotra, founder Prime Focus and CEO DNEG

Gaming is one of the fastest-growing segments of the Indian media and entertainment sector

Under the agreement with the Central Florida Tourism Oversight District, Disney said it would spend at least $8 billion at the resort over a decade with a total of $17 billion invested over 10-20 year

Revenue from traditional television business declined 8% to $2.77 billion and operating profit fell 22% from a year ago

Theatre-going population in India on the rise, says Ormax data

The poor rates of growth and the fact that a large chunk of poor urban and rural India is switching to free TV are indicative of something

Spending on dieticians has more than doubled during the same time, while health coaching recorded a 45 per cent increase in transactions

Disney shareholders rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney chief financial officer Jay Rasulo, who had sought seats on the company's board. The company had recommended a slate of directors that did not include Peltz or Rasulo. The dissident shareholders had said in a preliminary proxy filing that they wanted to complete a successful CEO succession at Disney and align management pay with performance. Disney announced in November 2022 that Bob Iger would come back to the company as its CEO to replace his hand-picked successor, Bob Chapek, whose two-year tenure had been marked by clashes, missteps and weakening financial performance. Iger was Disney's public face for 15 years as chief executive before handing the job off to Chapek in 2020, a stretch in which Iger compiled a string of victories lauded in the entertainment industry and by Disney fans. But his second run at the job has not won him ...

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

PM Modi also presented the Heritage Fashion Icon Award to Jahnvi Singh and the Best Creator in Food Category Award to Kabita Singh (Kabita's Kitchen) at Bharat Mandapam