Bombay High Court rejects plea to stay OTT release of movie 83 on Hotstar and Netflix
Observing that prima facie – Netflix Global LLC and Star India have antecedent (prior) rights to exploit the film ’83’ on satellite and digital media for 10 years, the Bombay High Court refused ad-interim relief to Mad Man Film Ventures Pvt. Ltd. to stall the film’s OTT release.
The court produced the detailed ad-interim order and ruled the following:
- Clauses to consent terms would apply only to future agreements for exploitation of digital and/ or satellite rights of the subject film
- Plaint has not challenged the antecedent rights
- Madman cannot seek injunction especially when the said rights have been acknowledged in the same document (consent terms) which granted Madman the rights qua the film.
Media and entertainment projected to be $100 billion industry by 2030
Apurva Chandra, Secretary, Ministry of Information and Broadcasting (MIB), said Indian media and entertainment industry is one of the fastest growing media industries in the world and is projected to reach USD 100 billion by 2030.
In the coming fortnight, the Ministry of Information and Broadcasting will participate in various events at the India pavilion. It will also formalise a memorandum of understanding (MoU) with the UAE for a mutually beneficial collaboration. The discussions will continue for the next few months and the MoU is expected to be signed in six to eight months.
Film production houses must set up ICC for sexual harassment cases
A Division Bench of Chief Justice S Manikumar and Justice Shaji P Chaly said that apart from production houses which directly employ actors, even organisations related to the film industry have to maintain ICC, if they are engaging 10 workers or more for managing the office establishments and wherein women workers are employed for wages.
The Court found that even though organisations associated with the film industry are not employers of the actor artists in the film industry, the organisations have other employees which necessitates setting up an ICC.
BARC to resume rating of news channels
The move comes two months after the government asked the agency to release the ratings following an overhaul of its systems and methodologies for the genre.
As per these revised and approved standards, audience estimates for these genres will only be released based on a four-week rolling average, every week.
Adani forays into media business
Adani Group has entered into a binding term sheet with BSE-listed Quint Digital Media Ltd to acquire a minority stake in Quintillion Business Media Pvt Ltd (QBM), an indirect subsidiary of Quint Digital, the companies said in a statement.
Earlier in the day, Quintillion Media announced that it had ended its equity joint venture with Bloomberg Media in favour of a new content license agreement.Bloomberg Media and Quintillion Media will no longer co-produce content but will continue to distribute Bloomberg content in India through a license agreement, the two said in a statement.
MakeMyTrip launches limited edition NFTs
The first batch of these digitally crafted, immersive artworks will “unravel the majestic landscapes of Goa, Ladakh, Orissa, Himachal, Kashmir, Kerala, Meghalaya, Rajasthan, and Andamans”, according to the company. The online travel company said that each NFT will be priced upwards of Rs 14,999. Atleast 25 tokens per artwork have been launched, and these will be available for purchase on a first-come-first-serve basis. MakeMyTrip has collaborated with KoineArth NFT platform to launch these digital collectibles.
Warner Brothers to release hybrid NFT trading cards based on DC comics
One hundred and fifty-five superheroes across the DC universe will feature on the physical cards, and their NFTs will be minted on the Ethereum based Immutable X sidechain (a layer-2 protocol). Warner Bros. will release these cards designed by the Cartamundi Group on the new Hro app, which will converge the physical and digital worlds by acting as a marketplace for the NFT cards.
Christiano Ronaldo backs cricket NFT startup
FanCraze was co-founded by Anshum Bhambri and two others in 2021. The startup sealed a partnership with the International Cricket Council, the sports official governing body, to create exclusive cricket non-fungible tokens on Flow blockchain.
The online platform is raising $100 million in a new funding round with backers including Christiano Ronaldo.