Bob Iger wins shareholder vote, but Disney’s future still uncertain: Successor search and box office woes linger

The biggest concern for the entertainment giant is to figure out Iger’s succession plan. Iger has already extended his tenure by almost two decades.

While Iger has won the shareholder battle, Disney’s challenges still remain. Some of these would be reviving the movie business, finding Iger’s successor, and navigating the complexities of streaming profitability and ESPN’s online transformation.

Election season fails to boost smartphone demand

According to Counterpoint Research, there has been a decrease in smartphone sales during the initial months of the year, and a persistent sluggish pattern is anticipated in the upcoming months. (Representative Image: Rodion Kutsaiev via Unsplash)

Anticipated pre-election smartphone sales surge fails to materialise, but industry experts are hopeful for moderate growth later in the year, aligning with typical trends.

Delhi HC slaps Google with Rs 1 lakh fine. Find out why

The court imposed a Rs 1 lakh fine on Google for providing inaccurate information and failing to disclose details about the European Patent Office's rejection of the patent application. (Representative Image: Lauren Edvalson via Unsplash)

Dismissing Google’s appeal against the refusal of the grant of a patent by the Assistant Controller of Patents and Designs in 2019, the Court imposed Rs 1 lakh costs on Google LLC.

IPL 17 kicks off with 4 percent surge in TV ad volume over first 7 matches

The Indian Premier League (IPL) 2024 is expected to witness a wide range of brands participating in the tournament, with a mix of large and growing brands. The Tata Group has secured the title sponsorship rights for this season of Indian Premier League (IPL). (Image source: @IPL via X)

As per latest TAM data, Dream11’s parent company, Sporta Technologies is the top advertiser for the first seven matches of IPL 17, contributing close to 11 percent of ad volume.

Sony to focus on organic growth, amping market presence through strategic partnerships in FY25: NP Singh

According to senior management, clear strategy and focused execution have helped the brand grow in a challenging business environment.

According to plans mentioned in the newsletter, Sony is channeling investments into new shows, including those on Sony LIV as a part of its strategy emphasising on driving organic growth and amping market presence through strategic partnerships.

FSSAI informs e-commerce FBOs to not use ‘health drink’ and ‘energy drink’ label for dairy/cereal/malt based drinks

According to the FSSAI, the use of these terms can mislead consumers (Image source: Unsplash)

The reason behind this is because ‘health drink’ isn’t defined in Indian food laws. ‘Energy drink’ on the other hand, by law, refers to flavoured water drinks – carbonated and non carbonated, under the FSS Act 2006.

Election Commission issues guidelines for media coverage during 2024 general elections

The Election Commission drew attention to Section 126(1)(b) of the Representation of the People Act, 1951, which prohibits the display of any election matter through television, cinematography, or similar means in any polling area during the 48-hour period preceding the conclusion of polling. (Image source: News18)

The Commission warned against the publication of political advertisements masquerading as news headlines and speculative content predicting election outcomes.

Zee’s Punit Goenka to reduce personal compensation by 20 percent

The Board of the Company, chaired by Mr. R. Gopalan, has instituted the required measures, to guide and mentor the management on a regular basis, in order to enable the team to achieve the set goals for the Company

Goenka’s decision has been submitted to the Nomination and Remuneration Committee of the Board and the Chief Financial Officer.