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• Comcast to unveil Netflix, Apple TV+, Peacock streaming bundle

  The tie-up follows a similar one announced last week between Warner Bros Discovery and Walt Disney - to offer a bundle of the Disney+, Hulu and Max streaming services.

  

• Vibhu Agarwal announces India's first mythology OTT platform 'Hari Om'

  This one-of-a-kind mythological OTT platform that serves as India’s first one-stop destination for cultural and religious content is all set to launch in June 2024.

  

• ZEE Entertainment to broadcast DP World ILT20 Season 3, live on TV and OTT platform ZEE5

  ​​The event will be broadcast in Hindi and English commentary. ZEE5 will offer Live free-to-view streaming of the 34 cricket matches, aimed at bolstering cricket viewership in the Indian subcontinent and beyond. This move represents a commitment to making cricket more accessible to a wider audience, thereby democratizing the experience of sports viewing in the region.

  

• Tata Play Expands, Integrates Amazon Prime Video in Strategic OTT Aggregation Push

  Harit Nagpal MD and CEO of Tata Play, reflecting on the expansion, highlighted the significant growth potential for paid OTT services in India, given their currently low base. He emphasised the consumer preference for a select few apps rather than a large array, leading Tata Play to offer customisable bundles to further drive subscription growth.

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• Jio bundles 15 apps' premium services

  Jio has bundled premium services of 15 apps, including Netflix, Amazon Prime Lite, Disney+ Hotstar, with its 30 mbps broadband plan for Rs 888 a month. This new postpaid plan offers exclusive access to over 15 leading OTT apps, including popular platforms like Netflix's basic plan, Amazon Prime, and JioCinema Premium.

  

• Disney reports shrinking TV business, shares tumble

  Like other media companies, Disney has been trying to adapt to consumer migration from cable television to streaming entertainment, and had promised Wall Street that its streaming operation would become profitable by September.

  

• ICC rights may bleed Disney's streaming entertainment biz

  Disney's streaming profit faces loss due to ICC rights on Disney+ Hotstar. Iger expects weaker Q3 tied to Indian sports. Zee Entertainment disputes ICC TV rights in arbitration.

  

• Walt Disney incurs $2b+ goodwill impairment charge linked to Star India in 2nd quarter

  The US entertainment giant, which has signed a merger deal with Mukesh Ambani's Reliance Industries Limited (RIL), has recorded a $1.3 billion non-cash goodwill impairment charge related to the India merger deal, as per a regulatory filing.

  

• Disney posts surprise profit in streaming entertainment, raises earnings forecast

  Disney now expects adjusted earnings per share to rise by 25% this fiscal year, the company said, up from the 20% it previously forecast. It attributed the change to strong results at theme parks and improvements in the streaming business.

  

• NCLT approves Sapphire Media's acquisition of Big 92.7 FM

  NCLT Mumbai approved Sapphire Media's plan for Big 92.7 FM, paying Rs. 261 crore to creditors. The resolution process began in February 2023 under the Insolvency and Bankruptcy Code, with a creditors' committee approving the plan on November 11, 2023.

  

• Movie theatres cut down shows as films fare poorly

  According to various estimates of trade analysts, multiplexes having five to six auditoriums are restricting shows to two or three, while some single-screen theatres are temporarily shutting operations, due to poor business and large expenses associated with running them.