Covid-19 spells disaster for film industry, but boosts digital media: KPMG



The Covid-19 pandemic will have after-effects on the media and entertainment industry, turning out to be disastrous for films, entertainment events and theme parks. It will, however, boost digital media consumption in India.
KPMG has released a report titled "Covid-19: The Many Shades Of A Crisis- A Media And Entertainment Sector Perspective", which highlights the impact of Covid-19 in the media and entertainment industry. The report states that the current environment could result in a dip in media consumption in the near term.
During the lockdown period, TV, gaming, digital and OTT platforms are seeing consumption growth. On the other hand, outdoor consumption models such as films, events, theme parks, are witnessing a dramatic fall with social distancing norms in place, news agency IANS reported. Read More

Comments

Post a Comment

Popular posts from this blog

Budgeting Myths Busted: 7 Common Misconceptions Revealed

Image
  Creating a budget is one of the best habits that can assist you in managing your finances more effectively. A budget can help you see where your money is going and what you need to do to control your expenses and increase your savings. Moreover, sometimes what not to do is just as important as how to manage your finances. Let’s delve into what a budget is, why it is necessary, and how to create one. Not only that, but we will also discuss 7 common myths about budgets that are prevalent among people. What is a Budget? Money holds significant importance in life, but managing it properly is equally crucial. Sometimes, expenses seem to escalate to the point where it becomes unclear where the money is going. That’s where budgeting comes in! In simple terms, a budget is an estimate of your future income and expenses. You can create it for a month, a year, or for a specific goal. Governments create budgets, companies create budgets, and you can create your own budget, regardles...
Read more

India to test 100-yr-old vaccine on adults as war on Covid-19 hots up

Image
Serum Institute’s recombinant BCG vaccine would be the first vaccine candidate in India to start human trials within the next two weeks. This is to test if the vaccine, administered at birth to Indians to fight tuberculosis, can also boost immunity in adults against the novel coronavirus. If all goes well, the vaccine, which has a proven safety track record, can be in the market by the end of this year. Serum Institute can make 300-400 million doses of this vaccine. The Bacillus Calmette-Gurein (BCG) vaccine named after French microbiologists Albert Calmette and Camille Guérin, is given to infants in India upon birth. Globally, the practice is to administer it to children below one year of age. Read More
Read more

Top 10 best finance movies to binge on your long weekend

Image
  Every cinema enthusiast has a genre of choice. For some it’s action, for others it may be romance, comedy, thriller or even sci-fi. That said, in recent times a new genre of cinema has emerged– one that has all the makings of multi-faceted, tear-jerking potboilers– it’s finance, or financial, white-collar crime to be precise. Each one of us has different learning styles. While some like to do a thorough reading, others like to watch documentaries and movies to learn about the common money mistakes to avoid. This genre is excellent and exciting enough to motivate a majority of viewers to get their finances together. For the rest of us- it’s just pure entertainment. 1.    The Big Short (2015) This movie adaptation of the non-fiction book, ‘The Big Short: Inside the Doomsday Machine’ by Michael Lewis tells the true story of the financial crisis of the U.S. housing market that occurred in 2007-2008 due to subprime mortgages. You don’t know what that is? Well, thanks t...
Read more