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Walmart owned Flipkart will Launch its own Video Streaming Platform

6Aug By PriyankaNo Comments

News

Walmart owned Flipkart will Launch its own Video Streaming Platform

Upping its ante against rival Amazon, Walmart-backed Flipkart said it will roll out video streaming service and make its platform available in vernacular languages as part of its efforts to woo the next 200 million internet users onto its platform. The video streaming service ‘Flipkart Videos’ will be ad-supported and available free for users on Flipkart’s app. The content available will be a mix of short films, full-length movies and episodic series, and the company is in discussions with content makers to expand the library. The move also assumes significance in view of the upcoming festive season that accounts for a significant share of India’s e-commerce sector’s annual sales volumes. “We have a lot of investment going into this. Apart from shopping, we also want users to spen...

18Jul By PriyankaNo Comments

INDIA

Netflix to roll out $3 to $7 per month plan for mobile users in India

Video streaming company Netflix will roll out a cheaper mobile-only plan in India as it looks to woo viewers amid growing competition from other players. The premium content platform also believes that growth in the Indian market is a marathon; and that it is witnessing steady progress here. After several months of testing, the company has decided to roll out a lower-priced mobile-screen plan in India to complement existing plans, Netflix said in a statement."We believe this plan, which will launch in Q3, will be an effective way to introduce a larger number of people in India to Netflix and to further expand our business in a market where Pay TV average revenue per user (ARPU) is low (below USD 5)," it added. Netflix had been testing a $3.5 monthly subscription for mobile devices...

ZEE5 Video Streaming Platform Expands to 190 Countries

4Oct By Gauri SinghNo Comments

BUSINESS

ZEE5 Video Streaming Platform Expands to 190 Countries

India’s popular online video streaming platform ZEE5 that is owned by Subhash Chandra-promoted Zee Entertainment Enterprises (ZEE) has expanded its services to 190 countries all across the globe. With this, the company has become the first Indian entertainment company to take its over-the-top (OTT) video service. As of now, only Netflix and Amazon Prime Video were the only platforms that were global but now Indian platforms are also gearing up for global presence. The launch coincided with ZEE completing 26 years of operations on October 2. “Since the time we launched ZEE5 in India earlier this year, our global viewers, as well as platform partners, have been asking us when we are going to launch globally. As our channels already reach across 72 countries outside India, we knew that a ...

12Sep By Gauri SinghNo Comments

BUSINESS

Hotstar Launches in the UK with Two Subscription Plans

One of the most popular Indian video streaming platform Hotstar has launched its services in the United Kingdom. This has been done ahead of the Asia Cup cricket tournament that is starting on Saturday. With this move, Hotstar has now expanded its services in four markets including India, the United States, Canada and now the United Kingdom. The video streaming platform claims that it will offer more than 60,000 hours of television shows, and more than 2,000 Indian movies, along with live sports such as Cricket, Kabaddi, Badminton and Hockey to consumers in the United Kingdom. The service will be made available through two different plans - a monthly plan priced at £11.99 and a yearly plan priced at £59.99. The streaming platform will now have two business verticals - advertising-led...

Netflix Expands its Partnership With Airtel in India

27Aug By Gauri SinghNo Comments

Tech

Netflix Expands its Partnership With Airtel in India

The popular video streaming platform Netflix has reportedly expanded its partnership with Airtel in India to offer three month free subscriptions to new and existing subscribers of select Airtel Postpaid and V-Fiber Home Broadband plans. As a part of this partnership, the Airtel postpaid users will now enjoy free service for three months along with the ability to pay for subsequent subscriptions through their bills. This is for those who are not eligible for this service and will be able to sign up for Netflix through Airtel’s apps and pay for their subscription using their Airtel bill. "Partnerships are at the core of Airtel’s DNA and we are delighted to expand our strategic relationship with Netflix. We look forward to working closely with Netflix to leverage this huge potential and ...

9Jul By Gauri SinghNo Comments

Tech

Netflix To Remove The Review Feature

Netflix, the world’s leading online video streaming platform is reportedly going to discontinue an existing feature from August that earlier enabled the users to read and write reviews of the several movies and TV series. Netflix is a streaming video giant that allows the users to watch a wide variety of award-winning TV shows, movies, documentaries, and more on thousands of Internet-connected devices. The users who want to share their views on a show or movie will only be able to do it till the 30th of July and after that, the feature will be gone. Posting and sharing reviews has been a part of Netflix for a number of years now that helped the users to know how the movie or show is before even watching it. Also, Netflix once brought the rating scale feature in which the users could ...

Netflix Crosses $100B Market Capitalization As Subscribers Surge

23Jan By reutersNo Comments

Tech

Netflix Crosses $100B Market Capitalization As Subscribers Surge

Netflix Inc snagged 2 million more subscribers than Wall Street expected in the final three months of 2017, tripling profits at the online video service that is burning money on new programming to dominate internet television around the world. The results drove Netflix to a market capitalization of more than $100 billion for the first time. Shares jumped 9 percent to over $248 in after-hours trading on Monday after rallying throughout the month and rising 53 percent last year. The company has signed up more than half of all U.S. broadband households and is building its customer base in 190 countries by spending billions on programming. Netflix picked up 6.36 million subscribers in international markets from October through December, when it released new seasons of critically accla...

A Software Professional From Bhubaneswar Won Muvi Hackathon

15Feb By NitishNo Comments

News

A Software Professional From Bhubaneswar Won Muvi Hackathon

Bhubaneswar, Odisha, India– Hackathons are a great way to encourage developers’ communities in any geography and also to bring out the hidden talent in limelight. One such interesting event was conducted by a first of its kind PaaS based product company based out of Bhubaneswar - Muvi. Muvi, a prominent international video streaming platform provider, having a Head office in New York and development center in Bhubaneswar, successfully conducted a 12-hour coding hackathon on 11th of February at their Bhubaneswar office, hosting passionate coders from the region. The company was overwhelmed by the response it received from developers’ community in and around the city and thanks all 250+ registrants and participants of the event for their support. The 12-hour non-stop marathon started a...

27Dec By PriyankaNo Comments

FUNDING

Videos Streaming Platform Dekkho Raises USD 1.2 million Seed Funding

Videos streaming platform Dekkho has raised USD 1.2 million in a seed funding round from seven marquee angel investors. However, the company hasn’t disclosed the names of the investors. “We are looking to revolutionise the way entertainment is consumed and delivered in India and create India’s first social video network, where users are closely connected to their favourite content creators. Indian consumers are far from paying for online content. We aim to create a sustainable, three-way ecosystem for content producers, advertisers, and users through a free-to-use service.” , said co-founder Tanay Desai. Dekkho is a free over-the-top (OTT) content provider that consumes less internet bandwidth and also offers offline viewing facility. The company claims to have over 12,000 hours of p...

KKR Backed Emerald Media Invests $50mn in Video Platform YuppTV

11Oct By AdityaNo Comments

FUNDING

KKR Backed Emerald Media Invests $50mn in Video Platform YuppTV

Emerald Media, a Pan-Asian platform established by leading global investment firm KKR for investing in the media and entertainment sector today announced that it has acquired a significant minority stake in YuppTV for US$50mn. YuppTV is one of the world’s leading over-the-top (OTT) video platforms for South Asian content offering live TV, catch-up TV and movies on-demand in 14 languages across the globe. The growth capital will help company to further its global footprint, expand its content library through original productions and acquisitions, and rapidly grow its paid subscriber base. Headquartered in Atlanta, Georgia, YuppTV is a leading Internet Pay TV platform for South Asians, reaching more than 400 million households across the world. It also have more than 5 million monthly ...