February 2024 – Page 25

Indonesia govt issues regulations requiring Meta and Alphabet to pay news media for content

The regulation suggests cooperation between digital platforms and media companies could be in the form of paying licences or sharing data of news users. A committee would be formed to ensure digital platforms fulfil their responsibilities to the media companies, it said. (Image source: Unsplash)

The move is aimed at levelling the playing field between the media industry and big tech companies.

FuboTV files antitrust lawsuit against Warner Bros, Fox and Walt Disney

FuboTV also alleged that the media companies charged fees that were as much as 30 to 50 percent higher than the rates they charged other distributors. And, this latest move to launch a sports streamer is to capture the market all for themselves. (Image source: Official website and Sketchfab)

FuboTV went on to state that it was being forced by the media companies to carry ‘dozens of non-sports channels’, as a condition of licensing.

The Body Shop India operations not impacted by UK business restructuring: Quest Retail’s Shriti Malhotra

In February 2024, The Body Shop’s UK business had fallen into administration, putting more than 2,000 jobs and 200 stores at risk. The retailer, owned by private equity firm Aurelius, appointed administrators at FRP Advisory on Tuesday. It said the move was the best way of securing the brand’s future. Aurelius agreed to buy The Body Shop late last year in a deal that valued the retailer at £207 million ($262 million). (Image source: ContactPigeon)

The administrators announced job cuts and store closures in the UK market.

Poonam Pandey: Some people benefited monetarily from my fake-death post

In early February, Pandey’s team announced via Instagram that the actor and model had died of cervical cancer. However, a day later an alive Pandey released a video on Instagram stating that she was fine and the news of her demise was part of a campaign to raise awareness on cervical cancer. The stunt left the internet divided. (Image source: News18)

Indian model and actor Poonam Pandey took to Instagram to explain the effects of the fake-death stunt in early February.

FMCG major ITC looks at purchasing Peak XV’s stake in Prataap Snacks

Network18's Moneycontrol was the first to exclusively report on the promoters of Prataap Snacks Limited (PSL) being in discussions to sell a controlling stake in the listed company.

ITC is evaluating the purchase of Peak XV’s 47 percent stake in homegrown foods major Prataap Snacks.

SEBI set to summon ZEE’s Punit Goenka, Subhash Chandra in funds siphoning case

The regulatory body’s investigation into Zee founders, primarily focusing on Subhash Chandra and Puneet Goenka, reportedly uncovered the potential diversion of approximately Rs 20 billion ($241 million) from the company. This figure is roughly ten times larger than SEBI's initial estimates, raising concerns about financial irregularities within Zee. (Image sourced via CNBC TV-18)

The regulator is also probing a wider array of transactions between Zee and private companies owned by promoters.

The Health Factory rolls out a new campaign starring food connoisseur Kunal Vijaykar

Kunal Vijaykar, renowned for his popular YouTube channel "Khane Main Kya Hai," is paired with upcoming fashion and lifestyle influencer Janvi Limbachiyaa, the duo engages in playful banter that perfectly encapsulates the spirit of #TuJaantaNaiMeraBreadwalaKaunHai. (Stills from the campaign)

The campaign showcases a range of zero maida and protein-rich breads, allowing individuals to relish the taste and wholesomeness of their breakfast and all-day meals guilt-free.

Myntra onboards Shoppers Stop’s Venu Nair as the chief of strategic partnerships and omnichannel

Venu Nair began his career as branch manager at Arvind Mills, and went on to work across Arvind Worldwide, Aditya Birla Nuovo (Madura Garments), Marks and Spencer, Tata Trent and Westside.

Venu Nair was the managing director and chief executive officer at Shoppers Stop.

New York Times plans to launch Generative AI ad tool in 2024

Seamlessly supporting multiple languages, it integrates with Yellow.ai's omnichannel customer service platform, delivering a comprehensive and personalized support experience. (Image source: Moneycontrol)

The Times started working on these efforts long before it filed a landmark lawsuit against OpenAI and Microsoft for copyright infringement, Axios reports.

Walmart to acquire Vizio for $2.3 billion

The combination would be expected to further accelerate Walmart’s media business in the U.S., Walmart Connect, bringing together VIZIO's advertising solutions business with Walmart’s reach and capabilities. These benefits would be further strengthened by the growth of connected TV platforms and Walmart’s industry-leading TV panel sales. (Image source: Unsplash)

The acquisition of VIZIO and its SmartCast Operating System (OS) would enable Walmart to connect with and serve its customers in new ways including innovative television and in-home entertainment and media experiences.