Tag Archives: entertainment

Covid-19 may cut media, entertainment sector FY21 revenue by 16%: CRISIL

New Delhi: The economic slowdown, exacerbated by the covid-19 pandemic, is set to cull the Indian media and entertainment industry’s revenue by 16% to ₹1.3 trillion this fiscal, according to domestic rating agency CRISIL. Advertisement revenue, which accounts for 45% of the pie, will see a sharper cut of 18%, while subscription revenue, accounting for 55%, will be relatively resilient ... Read More »

Sony, RIL’s TV18 may form joint venture for entertainment business

MUMBAI: Japanese major Sony Corp, which owns Sony Pictures Networks India (SPN) is likely to create a new joint venture with Mukesh Ambani’s Reliance Industries-owned TV18 Broadcast, which will house all the entertainment assets of both the companies, two people with direct knowledge of the development told ET. Sony will own a majority 51% stake in the proposed JV, while TV18 will own ... Read More »

Crack down on piracy in entertainment biz

The government machinery must be empowered to block infringing websites and apps and prevent counterfeit products The Central government has shown foresight in identifying the media and entertainment industry as a champion sector. In the creative world, the tiniest idea gives birth to stories which take the form of various visual and performing arts. There are many livelihoods involved in ... Read More »

Broadcasters set to drop MRP of flagship entertainment channels in festive season

MUMBAI: Top broadcasters are reducing the a la carte price of each of their flagship general entertainment channels to Rs 12 per month from Rs 19 as a festive offer even as the sector regulator is reviewing its new tariff order. Zee Entertainment EnterprisesNSE -1.02 % (ZEE) on Friday dropped the MRP of six of its GECs – Zee TV, Zee ... Read More »

Take a peek at the future of media and entertainment at Disrupt SF

Where does tech end and media begin? It can be hard to find the dividing line, particularly as tech companies move into the media business, and as big Hollywood blockbusters are increasingly created on computers. So even though TechCrunch’s Disrupt SF event (happening next week!!) is ostensibly a tech conference, we’ll have plenty of big names from the worlds of media and ... Read More »

‘This Is Us’ cast takes in the merriment at Entertainment Weekly’s Emmys party

Cameras flashed as Mandy Moore met up with three of her TV children from “This Is Us” — Parker Bates, Niles Fitch and Mackenzie Hancsicsak — after making her way into Sunset Tower Hotel in West Hollywood for Entertainment Weekly’s pre-Emmys soiree. Not only is Moore one of the show’s seven actors nominated for Emmys — in her case, as lead actress ... Read More »

Disney Layoffs Hit TV Distribution, Home Entertainment Units Post Fox Merger; 20th TV EVP Greg Drebin Exits

Five months after Disney’s $71.3 billion acquisition of key Fox assets was completed, there has been a new round of layoffs in Disney’s media distribution areas that include home entertainment and TV distribution, I have learned. I hear several dozen employees, just under 60, were affected, both on Fox and Disney side. I hear among the highest-ranked among those who are leaving are Greg Drebin, EVP ... Read More »

Atlas Entertainment Names Richard Suckle Its President

Atlas Entertainment has promoted Oscar-nominated producer Richard Suckle to the position of president. He will work with company founder and CEO Charles Roven to guide the direction of the film and TV company, mentor its creative executives and continue producing. Related Charles Roven: A Q&A With The PGA’s David O. Selznick Honoree Reveals When He Knew He Really… Suckle joined Atlas in 1992 as Roven’s ... Read More »

Geppi’s Entertainment Museum to close as comic and art collection heads to Library of Congress

Geppi’s Entertainment Museum will be closing and its collection will be donated to the Library of Congress. (Kim Hairston, Baltimore Sun video) Geppi’s Entertainment Museum, a pop-culture treasure trove next to Camden Yardssince 2006, will be closing after Sunday, with owner Steve Geppi donating much of his historic collection of memorabilia to the Library of Congress. “As a Baltimorean, you might ... Read More »

Lionsgate Buys Majority Stake in 3 Arts Entertainment

CREDIT: REX/SHUTTERSTOCK Lionsgate has taken a majority stake in management-production powerhouse 3 Arts Entertainment, a deal that reflects in the entertainment industry’s push to marry premium content providers with global distribution assets. Lionsgate said 3 Arts would continue to be led by partners Erwin Stoff, Howard Klein, Michael Rotenberg, Molly Madden, Dave Becky, David Miner, and Nick Frenkel. The company was founded in ... Read More »