Squid Game worth US$900 million to Netflix

Netflix’s original Korean series Squid Game has been estimated to be worth around US$900 million. The thriller series has taken the world by storm, and quickly overtook Bridgerton to become Netflix’s most-watched original series. A report from Bloomberg notes that 132 million accounts had watched at least two minutes of the show in its first […]

Sony picks up Bundesliga rights for India

Sony Pictures Networks India (SPNI) has agreed a two-year licencing agreement with the German Bundesliga. The deal gives Sony the exclusive media rights to broadcast the Bundesliga across the Indian Subcontinent, with the agreement including India, Bangladesh, Bhutan, Nepal, Sri Lanka, the Maldives and Pakistan. The deal runs through to the end of the 2022-23 […]

Zee accuses Invesco of hypocrisy in criticism of Sony merger

Indian media company Zee has shot back at major shareholder Invesco as the companies continue to trade blows. Invesco, which along with OFI Global China Fund LLC owns 17.88% of Zee’s shares, has been highly critical of Zee’s governance and financial dealings. Earlier this week, the company published an open letter to Zee’s shareholders where […]

Zee founder accuses Invesco of hostile takeover plot

Subhash Chandra, the founder of Indian media giant Zee, has dramatically accused Invesco of plotting a hostile takeover. Appearing on the company’s Hindi news channel Zee News, he claimed that Invesco, which is currently Zee’s largest investor, is pushing to takeover the company. He said: “I urge Invesco to behave like a shareholder not like […]

Netflix to edit Squid Game after Korean woman gets inundated with messages and calls

Netflix has said that it will edit scenes from its wildly popular Korean series Squid Game after a phone number which appeared as a prominent plot point was actually found to be linked to a real citizen’s account. The South Korean woman, identified by local broadcaster SBS in an interview as Kim Gil-young, said that […]

OTT on the rise in Australia and New Zealand

OTT subscriptions are set to overtake DTH in Australia and New Zealand by 2026. While OTT pay TV offers have struggled to gain traction in the region, that is likely to change in the coming years, claims a new report from Dataxis.  The report notes that Foxtel Now and Kayo Sports, respectively the SVOD and […]

Sirius TV launches DTH bouquet

Malaysian DTH operator Sirius TV has signed a deal with SES to deliver a new bouquet of satellite TV channels across the country.  The Sirius Basic package launches with 13 channels, with five in HD. The bundle is available for RM299 (€61.66) per year, including installation and the first year for free. Sirius said the […]

Netflix sued by SK Broadband over data usage following Squid Game surge

Netflix is facing a lawsuit from South Korean ISP SK Broadband over a surge in traffic. SK Broadband has sued Netflix to pay for costs from increased network traffic and maintenance work, with titles Squid Game and D.P. cited as a significant reason for the uptick in usage. Squid Game in particular has proved to […]

US$3.6 billion Baidu-YY Live deal unlikely to be approved by Chinese government

The Chinese government is reportedly likely to thwart tech company Baidu’s US$3.6 billion acquisition of YY Live, the live streaming business of JOYY. According to sources cited by Reuters, the Chinese antitrust regulator – the State Administration for Market Regulation (SAMR) – will not approve the deal as Beijing moves to rein in corporate expansion […]

Amazon launches Prime Video Channels in India

Amazon has brought its streaming aggregation service to India. The company has made eight global and local streaming services available via Amazon Channels in India.  Following the model that has seen success in markets like the UK and the US, customers can sign up for services from partners including Discovery, Lionsgate and Mubi directly through […]