Others / The Economic Times
Highly placed sources in the company suggest that once the exercise is complete, it could result in the exit of a little over 500 employees. JioStar declined to comment.
Diljit Dosanjh, Indian musician, actor, and producer, is transforming the landscape of the Indian music industry, moving away from Bollywood-centric soundtracks. His blend of hip-hop and rap with collaborations featuring international stars like Ed Sheeran has cemented his global success, evidenced by his record-breaking 2024 Dil-Luminati tour.
Indian musicians express concerns over potential new regulatory requirements that could disrupt output and delay releases, with 72% worried about the impact. A report by The Dialogue suggests that additional compliance layers, financial strains, and operational complexities threaten the industry's growth despite its booming digital market and rising regional talent.
Indian pay-TV industry revenue is expected to decrease by 1-3% in FY2026. This is due to subscribers moving to OTT platforms and DD Free Dish services. Subscriber base decline will be partially offset by higher ARPU through bundled and premium content. Increased content costs and network investment will reduce margins.
The BCCI is seeking an agency to manage media buying and strategy for the IPL 2025. The selected agency will handle television, radio, digital, print, and outdoor advertising with a budget of Rs 30 crore. Agencies must submit comprehensive media plans by 13 March, including past work and innovative ideas to boost IPL visibility.
DNEG won its eighth Visual Effects Oscar for its work on Dune: Part Two at the 97th Academy Awards. CEO Namit Malhotra thanked the team and collaborators, highlighting the creative and technical leadership. VFX Supervisors Rhys Salcombe and Stephen James praised the passion and skill of the artists and technicians involved.
JioHotstar's livestream of Mahashivratri attracted 3.9 crore views and recorded 21.8 crore minutes of watch time, blending spirituality with technology. The 15-hour event featured live feeds from Jyotirlingas, spiritual discourses, and performances, creating an immersive celebration attended by millions.
JioStar targets 1 billion viewers for IPL 2025, planning to break previous ad sales records with multiple sponsors and expanded advertiser categories. The company conducted roadshows to attract SMBs and expects ad inventory to be nearly sold out before the season starts.
Bollywood is witnessing a shift where a few major streaming platforms like Netflix, Amazon Prime Video, and JioHotStar dominate the content market. This has turned the industry into a buyers' market, limiting variety and slowing content production. Streamers are negotiating hard, and costs have been cut by 40%, impacting content and actor fees.
The Karnataka High Court has ruled that service tax should not be included in calculating entertainment tax on TV broadcast subscription fees under the Karnataka Entertainment Tax Act. The court set aside the Karnataka Appellate Tribunal's order and remanded the case for reconsideration, directing a fresh decision within three months.