The World This Week: Business

admin   August 6, 2020

HT Media has acquired Mosaic Media Ventures that operates digital media properties VCCircle and Techcircle. Adding to them, Mosaic Media also operates subscription-based research databases, VCCEdge and SalesEdge. News Corporation (News Corp), an American mass media and publishing company had acquired Mosiac Media Ventures in 2015.

Facebook has introduced ‘official music videos’ in India to showcase music videos from labels like T-Series Music, Zee Music Company, and Yash Raj Films on its platform. The music video experience on Facebook is available in India, Thailand, and the US. Users in India will be able to watch content from the country’s top music labels – T-Series Music, Zee Music Company, and Yash Raj Films.

Microsoft has confirmed that it is continuing talks to purchase the US operations of Chineseowned video-sharing app TikTok. Microsoft chief Satya Nadella had a conversation with President Donald Trump about the acquisition, the tech giant said.

James Murdoch, the younger son of media mogul Rupert Murdoch, has resigned from the board of News Corporation citing “disagreements over editorial content”. In a filing to US regulators, he said he also disagreed with some “strategic decisions” made by the company. The exact nature of the disagreements was not detailed.

Eros International Plc and STX Entertainment have completed merger to form Eros STX Global Corporation. Combined company creates a financially robust global studio leader across 3 continents with strategic content and distribution partnerships for an ‘unprecedented global footprint’.

Sony has announced two-new 4K televisions under its Bravia lineup. Named as Bravia X8000H and X7500H, the models come with the company’s own TRILUMINOS display and are powered by X1 4K HDR Picture Processor. The all-new TVs are equipped with Dolby Vision and Dolby Atmos technology

Chinese drama Enigma of Arrival quashed Dolittle and Jojo Rabbit to take the top spot in theaters’ second weekend back in business, while a local animation bested the whimpering China debut of Paramount’s Sonic the Hedgehog. The $87 million-budgeted Sonic’ broke records in its February premiere stateside, attaining the highest opening figures for a video game movie adaptation to date with an estimated $57 million three-day debut. In China, it opened with just $1.27 million, according to leading Chinese data tracker Ent Group.

Netflix is finally rolling out a feature to let subscribers stream content up to .5 times slower or 1.5 times faster. Now, Android users are officially able to control their streams on their mobile devices, letting audiences manage the speed of their binge-watching in the
palms of their hands.

Xiaomi has announced a partnership with Disney+ Hotstar, India’s leading premium streaming platform. The association brings the latest and biggest Bollywood movie titles directly to millions across the country, under the Multiplex banner. The Multiplex Banner feature on Mi TVs will allow the viewers to access these movies two hours prior to the official release.

Mainstream TV OTT was launched when the world of Malayalam movie goers barely had any options to watch and enjoy movies. Mainstream TV is available on iOS, Android, Fire TV and Chromecast. One can book the ‘Balcony Ticket’ in Mainstream TV and enjoy the movie same way as you enjoy it in a theatre.

BY THE NUMBERS

21
Age of Google

6 billion
Number of search requests everyday

100 billion
Emails processed by Gmail

500 hrs
Content uploaded in YouTube every minute

1 billion
Number of hours we watch YouTube