Media – Page 94 – storyboard18

Zee replaces CEO Punit Goenka with an interim committee

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)

SEBI issued an interim order on June12, barring Subhash Chandra and Punit Goenka from key positions in any listed company.

Makeba trend: Short videos breath life into old songs

While everyone is grooving to the beats of Makeba, did you know that Makeba is actually the name of a person, Zenzi Miriam Makeba. (Images sourced via Instagram and Twitter)

Short videos are breathing life into old songs like Makeba by French artist Jain. Here’s how.

Chandrayaan-3 launch: News18 platforms post record breaking live concurrent numbers

In June, News18 Network garnered 5.1 billion views on YouTube and Facebook combined and became the preferred choice for viewers seeking news content on digital.

On YouTube, News18 Madhya Pradesh/Chhattisgarh’s digital platform achieved an impressive milestone with 421K live concurrent viewers. In the case of CNN-News18, it garnered 320K live concurrent viewers.

Sting emerges as fastest growing brand for PepsiCo India

In terms of volume, the category reached approximately 33.5 million liters in 2022, up from 30.4 million liters in 2021 and 26 million liters in 2020. (Representative Image: Philippe Oursel via Unsplash)

PepsiCo’s energy drink Sting has emerged as the dominant brand within the company, surpassing other long standing brands such as Pepsi cola and Mountain Dew.

Twitter begins sharing revenue with creators

Experts suggest that this GST will apply if the total annual income from various sources, including income from X, surpasses Rs 20 lakh. (Representative Image: Bastian Riccardi via Unsplash)

This means that creators can get a share in ad revenue, starting with
the replies to their posts.

Disney CEO Bob Iger hints at potential sale of TV assets amid streaming rise: CNBC report

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.

Speculations surrounding the future of Disney-owned Star India emerge alongside reports of a potential sale of Disney’s TV assets

Elon Musk launches AI startup xAI

The memo signed by Elon Musk reads, "There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle."

xAI will be led by Musk, who is also the CEO of Tesla, CEO of SpaceX, CTO and owner of Twitter and founder of many more companies.

Instagram to introduce its branded content tools on Threads

Meta also indicated that it will continue to invest in artificial intelligence (AI) and the metaverse.

As per a report, the branded content tools will enable marketers to engage in paid promotions on Threads.

Carlsberg selects Dentsu’s iProspect as media company

“Ask for the ditches instead of the pitches,” she said.

From January 2024, iProspect will assume responsibility for all media planning and buying duties for Carlsberg Group as its media agency of record.

Zee-Sony merger timeline uncertain amid regulatory challenges

Talking about Punit Goenka’s role in the new company, the order had said, “That very role in ZEEL is under question and therefore, till the final outcome of the proceedings in the instant matter, it would be appropriate that he is not part of the management of ZEEL or any corporate avatar of it.”

If the merger is able to overcome the challenges it is facing, it could create a powerful new player in the Indian media landscape.