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Swiggy Delivery Partner Fined Rs 850 Despite 'No Fault'; Company Reacts After Viral Post
The post drew strong reactions on social media.
Legacy studios bet on mobile-first entertainment for next growth phase
India's established media giants like Yash Raj Films, Zee Entertainment, and Saregama are strategically investing in digital-first platforms and creator-led businesses. This move aims to capture the growing mobile-first audience by developing new intellectual property in micro-dramas and vertical content. These investments signal a significant shift towards embracing emerging entertainment formats to ensure future growth and relevance in the evolving media landscape.
Big boost for Zee Media Corporation! Mauritius-based FII raises stake to 5.04%
Zee Media has disclosed that Magnifica Global Opportunities VCC acquired 4.5 crore convertible warrants, raising its holding to 5.04%. The warrants, issued at ₹8.50 each, are convertible within 18 months. Prior to this, the fund held 0.06% of voting shares.
Yash Raj Films makes first bet on vertical entertainment with Rusk Media investment
Yash Raj Films is venturing into the burgeoning digital-first entertainment space with a strategic investment in Rusk Media. This move signals YRF's expansion into mobile-first storytelling, focusing on original animation and vertical micro-dramas. The partnership aims to create category-defining intellectual property for global digital platforms, leveraging India's massive mobile audience and establishing the country as a creative force in vertical entertainment.
Omnicom Media claims top spot in global media billings after IPG integration
Omnicom Media has become the world's largest media management network, boasting $75.6 billion in global billings after integrating with IPG Mediabrands. This significant achievement places them ahead of rivals WPP and Publicis. The company also leads in North America, the US, and Latin America, attributing its success to strategic integrations and major client acquisitions like Amazon and Volvo.
Yatra Online gains on report of potential stake sale to Ixigo; BSE seeks clarification
Shares of Yatra Online rose 2.20% to Rs 113.57 on Friday after a media report said online travel platform Ixigo is evaluating the acquisition of a 15-20% stake in the company from its promoters.
Rusk Media raises Rs 100 crore Pre-Series C round led by Nazara Technologies
Rusk Media has secured Rs 100 crore in a Pre-Series C funding round led by Nazara Technologies, with participation from Info Edge Ventures, IvyCap Ventures, and Audacity VC. The capital will fuel content expansion, scale its Alright! TV platform, and advance AI-powered production technologies.
Wall Street posts best rally in 2 months after Trump halts strikes on Iran
US stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes for a potential deal that could get the global flow of oil going again. The S&P 500 jumped 1.8%, coming off a back-to-back drop that had yanked it back to where it was in early May. The Dow Jones Industrial Average leaped 929 points, or 1.9%, and the Nasdaq composite rallied 2.5%. Stocks immediately veered higher in midday trading after Trump said on his social media network that "discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved" and that the time and place of a signing will "be announced shortly." A deal to end the war with Iran could reopen the Strait of Hormuz and allow oil tankers to carry crude again from the Persian Gulf to customers worldwide. The price for a barrel of benchmark US crude sank 2.6% to $87.71. Brent crude, the ...
Stock Market Today: Sensex Ends Higher, Nifty Below 23,300 Amid Global Tensions - APAC Media
Stock Market Today: Sensex Ends Higher, Nifty Below 23,300 Amid Global TensionsAPAC Media
'Need to leave cricket behind & find sports that are relevant'
Zee Entertainment is making a significant long-term bet on football. The company has secured FIFA media rights until 2034, including upcoming World Cups. This move signals a strategic shift away from the costly cricket market. Zee believes football, popular with young people, offers a valuable global sports property at a lower investment.
AI, quick commerce are reshaping how India spends on advertising: WPP Media's Prasanth Kumar
India's advertising market will grow in 2026. Marketers face unprecedented volatility, juggling many challenges. Despite global tensions and inflation, the outlook remains positive. New platforms and AI are changing the advertising landscape. Brands focus on long-term growth and immediate results. Agencies will adapt to automation, focusing on higher-value tasks.
JioStar sees a dip in sports contract provisions in FY26
JioStar India has significantly reduced its sports contract provision to over seventeen thousand crore rupees for FY26. This move addresses costly sports rights commitments. The company utilized a large portion of its provision in FY26. Provisions are created for anticipated future losses. These provisions mainly relate to International Cricket Council media rights.