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BLOG | INDUSTRY NEWS

This Week's Handful of Must-See Headlines

Cast & Crew
| 07/26/2024
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International

India Streaming Success: Local Investment Making Big Impact 
A recent Media Partners Asia report reveals India's $6 billion investment in local content, positioning it as a leading market for streaming subscriber growth and a potential major employer in entertainment. Indian content is also gaining global recognition, with streaming hits like Heeramandi, Mirzapur, and Bad Cop achieving significant success. 

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Olympics

Paris on Primetime: TV Networks Gearing Up for Biggest Summer Programming
The Paris Summer Olympics, running from July 26 to August 11, marks a key moment for traditional TV networks as media dynamics shift. While sponsorship revenues are soaring, media rights revenue is lagging, highlighting the need for broadcasters to adapt to attract younger audiences.

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Film Market

African Content Boom: Discussions From the Durban FilmMart
The Durban FilmMart recently wrapped up its 15th edition, focusing on film finance, pan-African collaboration, and industry sustainability. Drawing nearly 1,500 delegates from 18 countries, the event highlighted South Africa’s film industry advancements, women's achievements and challenges, the rise of African animation, and emerging financing opportunities.

Read More

 

Movie Theaters

Refinancing Deal: A Look at AMC’s Debt Extentsion
AMC Theaters has restructured part of its $4.5 billion debt, extending $1.6 billion of it from 2026 to 2029 and planning to repurchase up to $800 million in existing debt. The company will use around 175 domestic theaters and intellectual property as collateral for the debt exchange. 

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Music

Q2 2024 Recap: Growth and Declines in the Music Industry
Universal Music Group reported $3.2 billion in Q2 2024 revenue, an 8.7% increase year-over-year. Despite growth in recorded music subscriptions (6.5%) and physical sales (9.5%), streaming revenue saw a slight decline. 

 

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