The company has been forced to downsize due to the “unfavourable environment,” said Ashish Hemrajani, chief executive of BookMyShow, in an email to employees that was also posted on its website.
Among the last assignments he had covered, included recording bytes of railway board chairman and civil aviation officials last week.
Experts have estimated Indian film industry will lose an estimated Rs 2,500 crore, with theatres expected to reopen only by August.
The request is part of PHD Chamber of Commerce & Industry’s research report presented to minister of information and broadcasting Prakash Javadekar. As per PHDCCI, the economic slowdown, made worse by the Covid-19 pandemic, is set to pull down the Indian media and entertainment (M&E) industry’s revenues by 16%, or Rs 25,000 crore this fiscal.
Media has been one of the most adversely affected sectors due to the COVID-19 pandemic with a significant decline in advertisement revenues, a research report of the PHD Chamber of Commerce and Industry said on Saturday.
Beating the lockdown blues away in an informative and entertaining way, Radio Mirchi has been creating the largest impact in these times, as its India’s larg...
In April alone, the revenue of the entire industry had shrunk to Rs 34 crore, from Rs 198 crore in April 2019. Compared to a profit before tax of Rs 18 crore in April 2019, the industry as a whole suffered a loss (before tax) of Rs 104 crore.
The local cable operators (LCOs) in Maharashtra have sought a complete waiver of or a steep discount on general entertainment and sports pay channel fee as there's no broadcast of fresh content for the last two months.
Indian business dailies added 270,000 readers to their monthly readership during this period, almost all of it accruing to ET.
Single screens and multiplexes had since mid-March stopped screening in the wake of the COVID-19 pandemic. More than 9,000 single screens and multiplexes might go out of business, and employees could lose jobs, if the trend continues, the association said in its letter.
The industry would take a hit of around 18 per cent in revenue from advertisement that accounts for nearly 45 per cent of total income, while the subscription earning that contributes 55 per cent will be relatively resilient with a likely decline of 14 per cent, Crisil said in a report.
Entertainment Network India Ltd. holding company of Radio Mirchi has roped in BCCL Director -Response, Nandan Srinath as its Executive President. Nandan j...
The very survival of small television networks and free-to-air (FTA) channels is at stake after the advertising slump due to Covid-19 pandemic delivered a crippling blow to their cashflows, and with costs mounting every day, the liquidity crunch has now begun hindering their day-to-day operations.
The Association of Publishers in India has written to commerce minister Piyush Goyal seeking the inclusion of books in the list of essential goods that consumers should be allowed during the current lockdown at least via online retailing.
Talking to a media house, Rupani said that his government would clear the pending payments owed for all government advertisements published until April if the state’s cash flows remained stable. Rupani told the media outlet that newspapers were the biggest and best source of true, accurate, and credible information.
The cacophonous physical world has been replaced by a virtual life — streaming via cable, broadband and 4G.
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