The coronavirus outbreak is a credit negative for the Indian Media and Entertainment (M&E) industry, credit rating agency ICRA has said in its analysis. While the impact is high for the film production and exhibition segments, it is medium for television broadcasters, film distribution and print media, and low for the distribution platform operators (DPOs).
In response to the nationwide lockdown undertaken as a measure to contain the widespread impact of the COVID-19 pandemic, Sony Pictures Networks India (SPN) has decided to contribute a fund of Rs. 10 crore to support the daily wage workers in the media and entertainment industry.
Media conglomerate Network18 announced important elevations and appointments within the group. The organisational changes are a move towards the new way in which the two arms of the news organisation – TV and digital, will work in collaboration with each other.
Global stories with universal values find large audiences in India and dubbing international films in local languages is an effective means to bring viewers fresh content to watch anytime, anywhere and on a screen of their choosing.