Saturday, March 2

Tag: MEDIA

Live Stream Market Could Touch $245 Billion By 2027
ANALYSIS

Live Stream Market Could Touch $245 Billion By 2027

PALM BEACH, Fla., 04/09/2021-- Live Streaming markets actually fared well recently due to the global pandemic and gained precedence in light of emerging social media platforms and affordable data consumption plans. Live streaming software allows users to present a live feed of events. It has been recently been used by social media influencers for gaining followers and debate on interesting topics. According to a recent report from Market Research Future (MRFR), the global live streaming market can expand to USD 247,275 million by 2027.  The report included few very important points that we mentioned below, The market is deemed to expand owing to the emergence of various social media platforms providing voice to opinions and commentaries on various interests. This is attributed ...
China bans BBC from broadcasting
CHINA

China bans BBC from broadcasting

Beijing, Feb 19, 2021: Chinese Communist Government has banned BBC World News from broadcasting in China amid violation of its guidelines, Chinese television and radio regulator announced. The move comes a week after the UK revoked the license of the Chinese state-owned broadcaster China Global Television Network (CGTN). China has criticised the BBC for its reporting on the deadly coronavirus pandemic and the persecution of ethnic minority Uighurs and lodged a protest with the British broadcaster. The BBC said it was "disappointed" by China’s decision to ban it. The Chinese regulator, National Radio and Television Administration (NRTA) has made the announcement on Thursday night on pulling BBC World News off the air in the country for serious content violation. NRTA said BB...
Australian PM says Bing could replace Google
News

Australian PM says Bing could replace Google

Canberra, Feb 1, 2021: (AP) The Australian prime minister said that Microsoft was confident that it could fill the void if Google carried out its threat to remove its search engine from Australia. A Google executive told a Senate hearing last month that it would likely make its search engine unavailable in Australia if the government went ahead with plans to make tech giants pay for news content. Prime Minister Scott Morrison said he had since spoken to Microsoft chief executive Satya Nadella about its search engine Bing filling the space. “I can tell you, Microsoft''s pretty confident” that Australians would not be worse off, Morrison told the National Press Club of Australia. “These are big technology companies and what's important to Australia, I think, is that we set the r...
NYT Posted $39.6 Million Operating Profit in Q3 FY2020
BUSINESS

NYT Posted $39.6 Million Operating Profit in Q3 FY2020

NEW YORK, 9th Nov. 2020-- US leading publishing newspaper New York Times announced its third-quarter 2020 results which diluted earnings per share from continuing operations of $.20 compared with $.10 in the same period of 2019. Adjusted diluted earnings per share from continuing operations (defined below) was $.22 in the third quarter of 2020 compared with $.12 in the third quarter of 2019. Operating profit increased to $39.6 million in the third quarter of 2020 from $25.1 million in the same period of 2019 and adjusted operating profit (defined below) increased to $56.5 million from $44.1 million in the prior year, as higher digital-only subscription revenues and lower costs more than offset lower advertising revenues. Meredith Kopit Levien, president and chief executive offic...
Incnut Digital raises USD 4 mn in series A funding led by RPSG Ventures
FUNDING

Incnut Digital raises USD 4 mn in series A funding led by RPSG Ventures

New Delhi, Jul 13, 2020: Media and eCommerce startup Incnut Digital raises around USD 4 million (approx Rs 30 crore) in a Series A funding round led by RPSG Ventures, a fund backed by RP-Sanjiv Goenka Group. Series A funding is typically the first round of institutional funding that could be led by one or more investors. Incnut Digital, in a statement said it has raised around USD 4 million funding in Series A from RPSG Ventures, an early stage consumer-centric venture capital fund backed by RP-Sanjiv Goenka Group as its sponsor investor. Incnut Digital, which owns and operates online beauty and wellness community StyleCraze and parenting network MomJunction and personalised beauty care brands - SkinKraft and Vedix, said the funds will be utilised for strengthening and expanding ...
Bloomberg would sell Media business if elected US President
USA

Bloomberg would sell Media business if elected US President

Mike Bloomberg would sell the media and other businesses he created in the 1980s which bears his name and made him a multibillionaire if he is elected US president, a top adviser has said. Bloomberg would put Bloomberg LP into a blind trust, and the trustee would then sell the company, adviser Tim O'Brien said Tuesday. Proceeds from the sale would go to Bloomberg Philanthropies, the charitable giving arm that funds causes from climate change to public health and grants for American cities. The only restriction Bloomberg would put on the sale is that it not be sold to a foreign buyer or a private equity company, O'Brien said. Bloomberg, a Democrat, is currently chief executive of the company. "We want to be 180 degrees apart from Donald Trump around financial conflicts of interest...
Platinum Equity Acquires Cision Ltd for $2.7 Billion
ACQUISITION

Platinum Equity Acquires Cision Ltd for $2.7 Billion

CHICAGO, Jan. 31, 2020 -- Cision Ltd., a leading global provider of software and services to public relations and marketing communications professionals acquired by an affiliate of Platinum Equity in an all cash transaction valued at approximately $2.7 billion. "Cision is well established as the industry standard platform for communications professionals navigating an increasingly complex environment," said Platinum Equity Chairman and CEO Tom Gores. "This is an investment that plays to Platinum's core strengths. We will deploy our full range of global operations capabilities, financial resources and M&A support to help the company maximize its potential." As of January 31, 2020, Cision is a privately held company. Cision shares ceased trading on the New York Stoc...
BBC to Cut 450 Newsroom Jobs
News

BBC to Cut 450 Newsroom Jobs

BBC will axe 450 newsroom jobs as part of plans to adapt "to changing audience needs" and meet its savings target, the broadcaster announced on Wednesday. "The BBC has to face up to the changing way audiences are using us," Fran Unsworth, director of news and current affairs, said in a statement. "We have to adapt and ensure we continue to be the world's most trusted news organisation, but crucially, one which is also relevant for the people we are not currently reaching," she added. The British Broadcasting Corporation, which has an 80 million pounds ($104 million, 95 million euro) savings target, said it was spending too much on "traditional linear broadcasting and not enough on digital". The "Victoria Derbyshire" morning show will be axed, with other job losses coming from ...
Walt Disney Acquire 21st Century Fox in $52.4 billion stock deal
News

Walt Disney Acquire 21st Century Fox in $52.4 billion stock deal

BURBANK, Calif. & New York-- The Walt Disney Company to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses, for approximately $52.4 billion in stock (subject to adjustment). Building on Disney’s commitment to deliver the highest quality branded entertainment, the acquisition of these complementary assets would allow Disney to create more appealing content, build more direct relationships with consumers around the world and deliver a more compelling entertainment experience to consumers wherever and however they choose. Immediately prior to the acquisition, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten ...
The Impact of Khashoggi Murder on Saudi Investment Summit
Story

The Impact of Khashoggi Murder on Saudi Investment Summit

The Riyadh key investment summit kicked off in Saudi Arabia overshadowing the murder of the critic Jamal Khashoggi. Despite of some cancellations from policymakers and business titans, the country carried forward with the summit. Last year, Saudi Arabia launched the Future Investment Initiative (FII) conference, an event attended by businesses and government leaders across the globe to discuss about the trends in the global economy. It’s also known as “Davos in the desert.” However, since the fallout of Khashoggi, many of the event’s high-profile media sponsors and journalists are backing off in a show of solidarity. The major media sponsors that pulled out were: - Nikkei  - Bloomberg  - CNN  - CNBC  - Financial Times  - New York Times   CNBC will no long...
Narendra Modi Government Spent Rs 4,343 Crore on Publicity
INDIA

Narendra Modi Government Spent Rs 4,343 Crore on Publicity

The Indian PM Narendra Modi led BJP government has spent Rs 4,343 crore on publicity since it came to power in May 2014, an agency under the Ministry of Information and Broadcasting has said in reply to an RTI query. The Bureau of Outreach Communication under the ministry said the Indian government spent Rs 4,343.26 crore on advertising its programmes across media platforms. The expenditure was incurred on advertisements in the print and electronic media as well as outdoor publicity, the central government agency said. This included Rs 1732.15 crore on advertisements in the print media (from June 1, 2014, to December 7, 2017) and Rs 2079.87 crore in the electronic media (from June 1, 2014, to March 31, 2018). A sum of Rs 531.24 crore was spent on outdoor publicity (June 2014 to Ja...
ScoopWhoop In Trouble- How India’s Viral Content Company Lost Its Track
Story

ScoopWhoop In Trouble- How India’s Viral Content Company Lost Its Track

Disclaimer: The facts and incidents mentioned in the story have been already published by other media companies. We are just distributing the content supplied by third parties or subscribers. . Neither the Company nor any third-party provider of information guarantees the accuracy, completeness, or usefulness of any content, nor its merchantability or fitness for any particular purpose. We don't intend to provide any opinion on the matter. The Launch It was just another evening in a Mayur Vihar's small apartment of Rishi Pratim Mukherjee. He was hanging out with two co-workers, Sriparna Tikekar and Sattvik Mishra from WebChutney, an Indian webdesign and online marketing company. A little drunk and a discussion over "listicles" the term coined because of the popular US-based internet co...