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News on Medial
Tata Play to offer OTT aggregator app platform as white-label solution
Livemint
·
1y ago
Medial
Tata Play has announced the launch of Tata Play Binge PaaS, a platform-as-a-service offering for OTT aggregators worldwide. The company will provide end-to-end backend solutions and hosting to international players, starting with a collaboration with Philippines pay-TV provider Cignal TV. The platform aims to empower users to access content from multiple OTT apps through a single app, subscription, and screen. Tata Play will manage the technology platform while the company focuses on acquiring subscribers and partnerships. The partnership with Cignal TV will help launch an aggregator service at a lower cost and faster pace in the Philippines market.
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Related News
Tata Play net loss narrows to ₹35.38 crore in FY24 as it beefs up streaming business | Mint
Livemint
·
1y ago
Medial
Tata Play, previously called Tata Sky, reported a reduced consolidated loss of INR 35.38 crore ($4.8 million) in FY24 compared to INR 105.25 crore the previous year. Revenue from operations decreased by 4.32% to INR 4,327.07 crore. The DTH platform cited intensified competition within the industry and the implementation of New Tariff Order 3.0 as key challenges. Tata Play is focusing on expanding its OTT offerings and has collaborated with Amazon Prime, as well as joined forces with Akash Digital TV to launch an OTT service in Bangladesh. Meanwhile, parent company Walt Disney Co. is struggling to sell its 30% stake in Tata Play.
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Disney to sell 30% Tata Play stake to Tata Group; transaction valued at $1 bn
Livemint
·
1y ago
Medial
Walt Disney has sold its minority stake in Tata Play, a subscription television broadcaster, to the Tata Group. The deal values Tata Play at approximately $1 billion. This move comes after Tata Group bought the 29.8% stake from Disney, giving them full control of the platform. Tata Play provides pay television and OTT video streaming services and has 23 million connections across India. The Tata Group views Tata Play as a crucial consumer-facing business in the media and entertainment sector. The company had filed for an IPO in 2022 but has yet to go public.
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ZestMoney to shut ops, lays off 150 employees
Economic Times
·
1y ago
Medial
Fintech startup ZestMoney is shutting down its operations by the end of this month, leading to the layoff of its remaining 150 employees. The company failed to revive its business after acquisition talks with PhonePe fell through in March. ZestMoney, which began as a loan-sourcing platform, had tried to pivot its business model and offer its technology stack as a white-label solution to other fintech lenders and NBFCs after the acquisition talks failed. PhonePe had initially signed a non-binding term sheet to acquire ZestMoney in November last year.
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Apple TV+ to be now available on Tata Play Binge
Livemint
·
1y ago
Medial
Apple TV+ has partnered with Tata Play Binge to make its content available in India. Tata Play Binge subscribers can access Apple TV+ content across various devices, including mobiles, smart TVs, desktops, laptops, tablets, and set-top boxes. This integration is Apple TV+'s first with an aggregator service in India and only the second worldwide. Access to Apple TV+ content will be available as part of the Tata Play Binge premium pack priced at Rs. 399, offering international and English language content.
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India's Tata Group considering to buy Disney's stake in Tata Play: Report
IndianStartupNews
·
1y ago
Medial
Tata Group is reportedly in talks to acquire Walt Disney Co.'s minority stake in Tata Play Ltd., a direct-to-home service provider. The deal, which could value Tata Play at over $1 billion, would give Tata Group full control over the company and mark a significant shift in the media landscape. This move comes amidst a broader realignment in India's media industry, including Disney's merger with Viacom 18 Media, creating a massive entertainment conglomerate worth $8.5 billion. The potential acquisition by Tata Group could reshape the competitive landscape, particularly in the OTT market.
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Inshorts ‘Pivots’ From News To Influencer Content In Push For Growth, Engagement
Inc42
·
1y ago
Medial
Indian news aggregator, Inshorts, is reportedly testing a new feature within its app that would transform it into a full-fledged social media content platform. The app is said to be recruiting influencers from LinkedIn, Twitter, and YouTube to generate original content. This shift from news aggregation to social media poses regulatory challenges for Inshorts, as it risks violating the Information Technology Act. The company's decision to aggregate social media content and label it as news conflicts with the regulations that classify user-generated content as separate from news.
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Tata Play brings Prime Video to Binge; offers multiple OTT bundles
Livemint
·
1y ago
Medial
Tata Sky, India's leading DTH company, has partnered with Amazon Prime to offer its subscribers expanded access to Prime Video's online content library. Tata Sky will now offer Prime Lite subscription packages through its DTH and Binge packs, allowing users to access Prime Video's library and enjoy benefits such as free shipping on Amazon purchases. The partnership aims to enhance Tata Sky's offerings and expand Amazon Prime's reach to new audiences. Additionally, Tata Sky Binge subscribers can choose to access six or all 33 OTT services at affordable monthly rates.
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PhonePe aims to be a top Google Play alternative in India — but it has a challenging road ahead | TechCrunch
TechCrunch
·
1y ago
Medial
Indian digital payments platform, PhonePe, is set to launch its own Android app store as an alternative to Google Play. The app store, based on technology from PhonePe's 2021 acquisition of Indus OS, aims to attract Indian developers who have expressed dissatisfaction with Google's commission rates and Play Store rules. PhonePe will initially take no commission from developers and will offer no listing fee for the first year. The move comes as developers in India explore alternatives to the Play Store, capitalising on the country's massive smartphone user base.
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YC-backed digital bank Onyx Private tells customers it’s closing their accounts TechCrunch Fintech
TechCrunch
·
1y ago
Medial
Onyx Private, a digital bank that catered to high-earning Millennials and Gen Zers, is discontinuing its bank operations. The Miami-based start-up, backed by Y Combinator, plans to shift to a B2B white-label platform-as-a-service model for community banks and credit unions. This change will allow them to offer digital apps targeted at young affluent consumers. The company had previously raised $4.1 million in venture funding. Onyx Private's CEO, Victor Santos, confirmed that the decision was strategic and not due to regulatory issues.
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OTT platform Atrangii to add streaming, e-commerce services
Livemint
·
1y ago
Medial
OTT platform Atrangii is expanding into a 'super app' that will include new streaming services such as Firangii, Satrangii, Flaunt, and Imli, as well as an e-commerce platform. The monthly subscription for Android users will be ₹99 and ₹135 for iOS users. Atrangii will offer premium shows, including Baghin, Johri, and Pal Pal Dil Ke Pass, with upcoming shows like Ishqneeti and Ghost. Firangii will stream foreign-language shows dubbed in Hindi with English subtitles, Satrangii will feature original web series, Flaunt will offer lifestyle content, and Imli will provide audio content in various genres.
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