Media & Entertainment

Pocket FM expects to reach $100 mn annual revenue run rate by Sept 2023

Audio content app Pocket FM expects to reach an annual revenue run rate (ARR) of USD 100 million by September 2023, the company said on Tuesday. This implies that the company will be able to achieve at least USD 100 revenue by September 2024 if its growth remains consistent. "As we successfully discovered the content monetisation model in the audio space, our revenue has grown 10 times to USD 25 million ARR in just 12 months. "With the continued momentum and expected growth targets, we foresee another 4X growth in our revenue during our fifth year of operations, thus entering into the USD 100 million ARR club within five years of our operations," Pocket FM Co-founder and CEO Rohan Nayak said in a statement. Driven by micro-payment features on the platform, Pocket FM claims to have registered a 10-fold revenue growth during its fourth year of operations, with over 500,000 monthly transactions. The company also said that it has strengthened its creator community to over 500,000 ...

K Raja Prasad Reddy of Telugu media group Sakshi elected INS president

Reddy succeeds Mohit Jain of the Economic Times at INS, the apex body of publishers of newspapers, magazines and periodicals in the country

Lionsgate Play to 'exclusively' stream 2022 Emmy Awards in India on Sept 13

The 74th Primetime Emmy Awards will stream exclusively on Lionsgate Play in India, the streamer announced on Monday. Lionsgate Play subscribers will be able to watch the annual award ceremony from 5.30 am onwards on September 13, according to a press release. The award ceremony will also stream exclusively on Lionsgate Play in Malaysia and the Philippines, the streamer added. Amit Dhanuka, Executive Vice President at Lionsgate, said the platform caters to a diverse set of audiences across the globe and it is their constant endeavour to provide the best of entertainment. "Taking this thought further, we are delighted to LIVE stream the 74th Emmy Awards across three territories - India, Malaysia and the Philippines. There have been some phenomenal performances both in front of and behind the camera. "With exciting performances and glorious victories, this year is set to get more vibrant and regal," Dhanuka said in a statement. The nominations for the 2022 Primetime Emmy Awards were

FX announces renewal of 'Mayans MC' for a fifth season at Comic-Con

FX's 'Mayans M.C.' to be back with Season 5 as it was announced during the show's panel at San Diego Comic-Con on Sunday. The gritty motorcycle drama wrapped its fourth season on June 14

'Some stories have an end', says Guardians of the Galaxy Vol 3 Director

Writer and director James Gunn launched the trailer of 'Guardians of the Galaxy Vol. 3' at Comic-Con event 2022

Writer-actor Shiv Subramaniam passes away, confirms filmmaker Hansal Mehta

Veteran screenwriter-actor Shiv Subrahmanyam , known for penning critically-acclaimed films "Parinda", "1942: A Love Story", and "Chameli", has died, filmmaker Hansal Mehta confirmed on Monday.

Media & entertainment space gets new PE fund; IMEF raises Rs 500 crore

Sources in the know said that the fund is expected to close its first deal in the next 90 days

India's media and entertainment industry to hit Rs 4 trn by 2025: Report

The country's media and entertainment (ME) sector will be the fastest growing globally in terms of both consumer and advertising spends

From Times Group to Zee, Indian media business in the post-pandemic world

The post-pandemic list tells just one story - that of utter devastation

Spielberg to make movies for Netflix, as firm looks for quality content

Streaming service signs deal with legendary filmmaker's company to produce multiple films a year.

Tips for aspiring film makers to shoot one at home on a shoestring budget

Several gadgets with good editing software available online have allowed budding movie moguls to create their art from within the confines of their homes

Most Indian respondents ready to pay more for entertainment content: Study

As per the survey, 96 per cent Indians say they plan to upgrade their entertainment equipment in the next six months

BookMyShow checks in to India's crowded streaming party with live events

Sunburn Home Festival, the virtual edition of the electronic dance music festival, is among the first events BookMyShow Online will stream live.

Lori Loughlin, Mossimo Giannulli to serve prison time for college scam

Under Loughlin's plea deal, she will also pay a $150,000 fine and perform 100 hours of community service; Giannulli has agreed to pay a $250,000 fine and perform 250 hours of community service

The show must go on: Performance artists struggle as gigs go online

Due to the lockdown, artists are turning to online shows but the concept of online concerts are still at a nascent stage making survival difficult for many

Statspeak: India's Media & Entertainment sector touches 9% growth

The sector managed to touch a decent 9% growth as the improved digital connectivity continued to show its impact

When media consolidation is good

When multiplexes came in with a cleaner, better experience, it forced single screens to either refurbish or to become part of a chain

Media & entertainment sector to hit Rs 2 trillion by 2021, says report

Advertising budgets continued the shift towards digital media where ad spends grew 34% to command 21% of the entire spending

Why conservatism is bad for the media business

Rising tide of conservatism will not help India's ambition to have a world-class media industry

Time to merge in media & entertainment space

The total investment in this industry plummeted to Rs 1,547.7 cr or just 1% of all private equity & other investment deals in 2016