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.


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

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Why TikTok wants to invest $1 billion in India?

admin   July 25, 2019

TikTok, which has emerged as the favourite video sharing platform of Indians despite restrictions from the government and the court, has announced its decision to set up a data centre in India.

TikTok, a rage among youngsters across India, has emerged as a major competitor for YouTube and Facebook videos. With people in India finding it much easier to upload and work with TikTok, it is little wonder why this first Chinese product, which has been successful globally beyond China, wants to make inroads into a huge market like India.

According to a statement from TikTok’s parent company, the China-based ByteDance, “India is one of our strongest markets and we are happy to be part of the mainframe of Digital India in 15 languages. Since the launch of our platforms in India, we have stored the data of our Indian users at industry-leading third party data centres in the US and Singapore…We now believe the time has come to take the next big leap.”

It said: “As a testimony to ByteDance’s recognition of India’s efforts to frame a new data protection legislation, we are taking a significant step towards establishing a data centre in India.”

ByteDance, which also owns the social media platform Helo, added: “We are now in the process of examining options for safe, secure and reliable services for our Indian users within Indian borders.”

The data centre plan is part of the $1 billion ByteDance has recently committed to the Indian market over the next three years. So, why is TikTok is so keen about investing more in India? Sample this: According to a new report from Sensor Tower, a mobile app intelligence firm, users spending on short video-sharing app TikTok reached $10.8 million last month from $1.6 million in June 2018, recording a year-over-year growth of 588 percent.

Also, spending in the app increased 19 per cent month-over-month from $9 million in May. Though growth in spending was driven by users in China, India is TikTok’s largest market where it seeks to make significant returns in the future.

And with its decision to set up data centre in India itself, it looks like TikTok is ready to provide its answers to allegations like it is “anti-national” for its “close relationship” with the Chinese government and it is a “hub” of anti-national content.