OTT Platforms Have Potential To Disrupt Multiplex Business, Expected To Be Worth Rs 12,000 Crore By 2023
OTT sector is poised to replicate what multiplexes did to VCR/VCP/VCD segment, growing to a Rs 12,000-crore business by 2023. According to SBI Research, OTT industry would be worth Rs 11,944 crore by 2023, up from Rs 2,590 crore in 2018. The report cautions this might lead to a replay of the 1980s' unexpected demise of VCR/VCP/DVD sector, with the exponential development of multiplexes across metro/urban regions during early 2000s.
Tags: Ott Platform, Multiplexes, Film Industry, revenue, Report
Courtesy: India Today
Scientists Develop World's First 'Synthetic' Embryo With Brain & Beating Heart: Report
Cambridge University scientists have produced the world's first "synthetic" embryo with a brain and beating heart. The embryo was generated using mouse stem cells, which are similar to stem cells in the body and may develop into practically any form of cell. Researchers were able to encourage the stem cells to "speak" to each other by activating a certain set of genes and providing a particular environment for their interactions.
Tags: Scientists, World's First Synthetic Embryo, brain, Beating Heart, Report
US Justice Department To File Lawsuit Against Apple: Report
According to a news article published on the website Politico on August 26, the U.S. Department of Justice (DOJ) is in the first stages of crafting a prospective antitrust case against Apple Inc. Politico cited someone with firsthand knowledge of the situation. Requests for a response from Reuters were not immediately answered by Apple or the U.S. Department of Justice.
Tags: USA, Apple, US Justice Department, lawsuit, Report
In Historic First, Queen May Pick New UK Prime Minister In Scotland: Report
According to a media report on August 26, Britain's Queen Elizabeth II is set to undertake the traditional ceremony to select a newly elected leader as the country's prime minister at her Balmoral Castle estate in Scotland. According to "The Sun," she has secret arrangements to meet with the two contestants in Scotland. It would be the first time that a parliamentary election took place outside of London or Windsor.
Tags: United Kingdom, Queen Elizabeth, UK PM, Scotland, Report
Courtesy: India Today
TikTok Browser Can Monitor Users' Activity: Report
A recent study has demonstrated that the web browser used within China's TikTok app can trace every keystroke made by its users, fueling concerns about data privacy. Felix Krause, a former Google engineer, and privacy researcher conducted the study. TikTok, on the other hand, stated in… read-more
Tags: TikTok, user activity, Report, browser, User Data
Ola & Uber Refute Reports Of Possible Merger
Ola CEO and founder Bhavish Aggarwal denied a report that Ola and Uber were discussing a possible merger on July 30. The Indian taxi aggregator Ola and Uber Technologies are reportedly discussing a merger, according to a report in the … read-more
Tags: Ola, Uber, Merger, Report, False News
Courtesy: Free Press Journal
Paytm Data Leak Revealed 3.4 Million Customers' Personal Information In 2020: Report
Paytm had a significant data breach in 2020, exposing the personal information of around 3.4 million customers, according to a report by cyber-security firm Firefox Monitor. On August 30, 2020, the data was leaked, revealing information such as phone numbers, email addresses, dates of birth, gender, geographic locations, income levels, names… read-more
Tags: Paytm, Data Breach, Personal Information, Firefox monitor, Report
SC Orders Govt To Provide Information On State's Anti-Hate Speech Laws
Supreme Court directed the Centre on July 21 to provide it with information on the preventative, corrective, and remedial actions taken by state governments thus far in accordance with its previous hate speech judgments within six weeks. A bench of Justices directed the Secretary of the Ministry of Home Affairs to collect the material into a pamphlet. SC was considering appeals against claimed hate speech directed at a certain population.
Tags: Supreme Court of India, hate speech, Centre, Government, Report
Brad Pitt Discusses Struggle With Facial Blindness Condition, Says 'No One Believes Him'
Brad Pitt discusses his experience with facial blindness, a rare condition also known as prosopagnosia. He also admitted that "nobody believes him." It is still unclear whether he has the disease, but he will be tested for it shortly. According to a report, he expressed his fear of having prosopagnosia in 2013. "So many people hate me because they think I'm disrespecting them," Brad remarked.
Tags: Brad Pitt, face blindness, prosopagnosia, rare condition, Report
RBI Grants Banks, NBFCs 3 Month Extension To Adhere To Certain Credit, Debit Card Norms
Reserve Bank of India gave banks and non-banking financial companies (NBFCs) a three-month extension on June 21 to comply with certain rules connected to providing credit and debit cards, including card activation without clients' approval. Banks and NBFCs were supposed to adopt Master Direction on "Credit Card and Debit Card - Issuance and Conduct Directions, 2022" on July 1. The schedule for implementing remaining aspects of Master… read-more
Tags: RBI, Report, Credit Card, Debit Card, non-banking financial companies
Courtesy: DNA India