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Global entertainment market reaches $96.8 billion in 2018: Report

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The global entertainment market reached $96.8 billion in 2018 – a nine percent increase over 2017 – according to new, combined theatrical and home entertainment data released by the Motion Picture Association of America (MPAA). The 2018 global box office grew to $41.1 billion, while global home entertainment increased by 16 percent over 2017 levels to reach $55.7 billion.

The 2018 THEME Report, a comprehensive analysis and survey of the theatrical and home entertainment market environment (THEME), provides in-depth analysis of the state of the industry and an audience demographic survey. This year’s expanded study includes new reporting on global 3D box office estimates, data on the volume of original series production for television and online video services, and detailed demographic data for home entertainment viewing in the United States.

“In today’s dynamic marketplace, stories come to life for audiences in theaters, at home, and on the go,” said Charles Rivkin, Chairman and CEO of the Motion Picture Association of America (MPAA). “Our companies continue to deliver content where, when, and how audiences want it – and the numbers released today speak volumes.”

The U.S./Canada box office increased by seven percent to $11.9 billion, a record high. Three-quarters (75%) of the U.S./Canada population, or 263 million people, went to the cinema at least once in 2018. The gender composition of the cinema audience was 51 percent female and 49 percent male.

On the global level, seven markets outside the U.S./Canada saw box office totals of $1 billion or more. The Asia Pacific box office totaled $16.7 billion, an increase of five percent compared to 2017. China was the primary growth driver, with a 12 percent increase in box office.

Disney closes $71 bln 21st Century Fox Deal

The Walt Disney Company has closed the deal on its $71 billion acquisition of 21st Century Fox.

“This is an extraordinary and historic moment for us—one that will create significant long-term value for our company and our shareholders,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “Combining Disney’s and 21st Century Fox’s wealth of creative content and proven talent creates the preeminent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era.”

The acquisition of 21st Century Fox’s iconic collection of businesses and franchises will allow Disney to provide more appealing high-quality content and entertainment options to meet growing consumer demand; increase its international footprint; and expand its direct-to-consumer offerings, which include ESPN+ for sports fans, the highly-anticipated Disney+ streaming video-on-demand service launching in late 2019; and Disney and 21st Century Fox’s combined ownership stake in Hulu.

The acquisition includes 21st Century Fox’s renowned film production businesses, including Twentieth Century Fox, Fox Searchlight Pictures, Fox 2000 Pictures, Fox Family and Fox Animation; Fox’s television creative units, Twentieth Century Fox Television, FX Productions and Fox21; FX Networks; National Geographic Partners; Fox Networks Group International; Star India; and Fox’s interests in Hulu, Tata Sky and Endemol Shine Group. Disney and 21st Century Fox entered into a consent decree with the U.S. Department of Justice last year under which Disney will divest 21st Century Fox’s Regional Sports Networks.

Earlier today, 21st Century Fox completed the spin-off of a portfolio of 21st Century Fox’s news, sports and broadcast businesses, including the FOX News Channel, FOX Business Network, FOX Broadcasting Company, FOX Sports, FOX Television Stations Group, and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network, and certain other assets and liabilities, into Fox Corporation.

Disney is also acquiring approximately $19.8 billion of cash and assuming approximately $19.2 billion of debt of 21st Century Fox in the acquisition. The acquisition price implies a total equity value of approximately $71 billion and a total transaction value of approximately $71 billion.

The acquisition is expected to be accretive to Disney earnings per share before the impact of purchase accounting for the second fiscal year after the close of the transaction, and to yield at least $2 billion in cost synergies by 2021 from operating efficiencies realized through the combination of businesses.

Aurora World highlights YooHoo to the rescue at MIPTV

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Leading character and content company Aurora World is looking forward to greeting many visitors to its stand in the Asian Cultural Hub City at MIPTV, thanks to the already strong broadcaster interest in pre-school animated property YooHoo to the Rescue.

Headquartered in Seoul, Korea, Aurora has established a varied business portfolio that includes a vast global reach in the plush market through brands like Miyoni, Sea Sparkles and, above all, YooHoo & Friends, which has sold over 80 million plush globally since its launch in 2007. Based on this huge success, the YooHoo and Friends animation series was launched and seasons 1 and 2 were broadcast in 80 countries and are now streaming on Netflix. This incredibly popular line has now inspired a major new Netflix Original Series.

This 3D CGI 52 x 11’ animated children’s show, a co-production with Italy’s MondoTV, is titled YooHoo to the Rescue. A global launch is planned for spring 2019 in 20 different languages in 190 countries. YooHoo to the Rescue is one of the first Asian pre-school IPs to be chosen as a Netflix Original Series. After this launch YooHoo to the Rescue will also be shown on free-to-air channels in Italy, Poland, Russia, Spain, and Portugal.

YooHoo to the Rescue is a funny, exciting and beautifully designed animated series with strong environmental themes, in which YooHoo and his crew travel from the magical forest of YooTopia to Earth to confront threats to nature and wildlife, meet many different endangered animal species from around the world and make new friends along the way.

The strong interest in the brand, inspired by the multi-million selling plush, will be further boosted by a renovated plush toy line based on the new series, along with the rollout of a licensing and merchandising programme across many other categories. There are several products ready for launch in territories worldwide, from a number of licensees including Panini (stickers, mini figurines, trading cards), Nuvita (baby products), Apple Beauty (toiletries), Dolfin (confectionery), and Kennedy Publishing (magazines).

Jay Noh, Director of Content Business, Aurora World, says: “With YooHoo to the Rescue arriving on Netflix this year, this is an ideal time for Aurora World to tell visitors more about this adventurous, exciting and topical new series that we feel will have a strong impact on the pre-school market. We’re looking forward enormously to meeting visitors and potential partners at this major broadcast event.”

Infosys signs agreement with Roland-Garros

Infosys and Roland-Garros, announced a strategic three-year technology partnership. The collaboration is aimed at enriching the game by providing fans, players and coaches with a completely new experience, leveraging Infosys’ expertise in digital technologies such as artificial intelligence, big data & analytics, mobility, virtual and augmented reality.

Bernard Giudicelli, President of the French Tennis Federation, said, “We are truly delighted that Infosys has joined us as a partner of Roland-Garros. This partnership centres around digital innovation, a key pillar of the tournament, and will offer tennis fans an even richer experience. We are convinced that Infosys will help us deliver the tournament’s digital transformation objectives to ensure Roland-Garros remains at the cutting edge of technology.”

Pravin Rao, Chief Operating Officer, Infosys, said, “Roland-Garros stands for its rich history and culture and today, Infosys is proud to become a part of this heritage. We’re excited to partner with Roland-Garros to showcase how digital technologies can enhance the boundaries of this tournament by leveraging data, insights and digital experiences. We are committed to helping Roland-Garros further expand its global following in the physical and the virtual world powered by digital innovation where fans and players alike can experience game-changing innovations.”

As part of this partnership, Infosys and Roland-Garros will work on several new digitally enabled experiences.

IPL 2019: Full schedule from March 23 to May 5

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Indian Premier League 2019 is set to kick off from 23rd March to May 5, 2019.

The Board of Control for Cricket in India (BCCI) announces the full schedule for the league stage of the VIVO Indian Premier League 2019. BCCI had released the schedule for the first 17 matches earlier.

The BCCI has announced that not only will the entire tournament be held in India, but also each of the eight franchises will play their 7 home games at their respective venues.

The Board thanks the Election Commission of India, local police authorities at each venue for their cooperation. This has ensured that the league sticks to the home and away format.

The schedule for Playoffs will be announced later.

CLICK HERE to access the full schedule.

 

Google signs licensing agreement with IPRS

Google has signed licensing agreement with The Indian Performing Right Society(IPRS), India’s Largest Music Representative Trade Body, according to reports.

Reports said that Indian Performing Right Society Limited has granted a license to Google, allowing the company to utilise its members’ collection across YouTube and related services in the country.

The Indian Performing Right Society came into existence on 23rd August 1969. The IPRS is a representative body of Owners of Music, viz. The Composers, Lyricists (or Authors) and the Publishers of Music and is also the sole Authorised Body to issue Licences for usage of Musical Works & Literary Music within India by any person.

The deal between IPRS and Google for its YouTube and other related services will surely strengthen the copyright ecosystem in India, IPRS Director Vikram Mehra was quoted as saying.

MLB signs license deal with Rocket League

Major League Baseball has reached a licensing agreement with Rocket League.

The downloads in the MLB Fan Pack will include cap toppers, flags and player banners for all 30 teams, as well as a baseball-themed rocket boost.

The MLB Fan Pack will be available on all platforms in all regions for US$2.99.

Major League Baseball (MLB) is a professional baseball organization, the oldest of the four major professional sports leagues in the United States and Canada. A total of 30 teams play in the National League (NL) and American League (AL), with 15 teams in each league.

International Cannabis signs license agreement with Authentic Brands Group

ICC International Cannabis Corp has announced a licensing agreement with Authentic Brands Group, to market and distribute cannabidiol derived health and wellness products throughout Europe, under the Marilyn Monroe, Elvis Presley, Greg Norman, Tretorn, Aéropostale and Frederick’s of Hollywood brands.

ICC will leverage these widely recognized and trusted powerhouse brands that are already prominently featured on thousands of store shelves across Europe. This will enhance ICC’s opportunity to capture significant share in the following rapidly growing lifestyle and wellness categories:

With a population of over 700 million, Europe provides unique opportunity to service a marketplace already familiar with CBD and primed for accelerating growth with superior products and iconic brands.

Eugene Beukman, Chief Executive Officer and a Director of International Cannabis, stated: “The European marketplace for CBD crosses nearly all demographics and product categories.

The relationship with ICC’s partnership with ABG creates a true “House of Brands” for ICC, which compliments its product strategy by delivering unique CBD-based solutions to diverse targeted audiences, that are both known and trusted across our entire potential consumer base, from student to senior citizen to domestic pets.

“ICC has positioned themselves in Europe as one of the first movers and vertically integrated players in the health and wellness CBD space.” said Daniel W. Dienst, ABG Executive Vice Chairman.

The licensing agreement between ICC and ABG was developed in conjunction with advisory services provided by Cannabis Lifestyle Partners.

The licensing agreement was executed on March 18, 2019 and extends for a ten-year term from the effective date.

Authentic Brands Group (ABG) is a brand development, marketing, and entertainment company, which owns a portfolio of global entertainment and lifestyle brands.

Tata, Reliance emerge as best Indian brands of 2019

Tata, Reliance Industries and Bharti Airtel emerged as the top three Indian brands of 2019, according a report by Interbrand, part of the Omnicom Media Group.

Tata continued to hold the top position as its brand value grew by 6%, while Reliance’s brand value grew by 12%, according to Interbrand report.

Apart from three top brands, HDFC Bank, LIC, State Bank of India, Infosys, Mahindra, ICICI Bank and Godrej were on the top 10 list.

Royal Enfield, Bajaj Auto, Ashok Leyland, Hero, Maruti Suzuki and Mahindra are the auto brands featured in the top 40 list for 2018.

Big Bazaar entered the 33rd rank (Rs 26.86 bn), while DMart at 37th rank (Rs 20.15 bn) and Nerolac Paints enterED the 39th rank (Rs 19.19 bn).

Universal Music Publishing Group signs agreement with ‘S2 Songs’

Universal Music Publishing Group, a leading global music publisher, announced a worldwide administration agreement with S2 Songs, a new, independent publishing company.

The boutique organization is led by coprincipals Savan Kotecha, a multiple Grammy and Golden Globe-nominated songwriter and producer, and leading global music executive Sonny Takhar, CEO and Founder of KYN Entertainment (a joint venture music entertainment company with Live Nation) and former Global President of Syco Music.

Throughout their 20-year relationship, Kotecha and Takhar have worked together on numerous global hits. Kotecha’s credits include Ariana Grande’s “God Is A Woman”, “No Tears Left To Cry” and “Breathing”; The Weeknd’s “Can’t Feel My Face”; One Direction’s “What Makes You Beautiful”; Ellie Goulding’s “Love Me Like You Do”; and Maroon 5’s “One More Night”. Savan has also developed talented writers James Alan (Troye Sivan’s “My My My”) and Kristoffer and Ablin (One Direction, Avicci, DNCE, MO).

S2 Songs aims to draw upon the unique skillsets of both Savan and Sonny in attracting and developing the next generation of superstar songwriters and producers. The company will focus on quality over quantity, ensuring each writer is provided with a focused and bespoke approach to becoming a world class talent with world class opportunities.

In a joint statement, Kotecha and Takhar said: “It’s really great to be working again with Jody Gerson and David Gray who we have both known for most of our careers. We know our songwriters and producers will benefit from having Universal Music Publishing’s global muscle behind them.”