No edition today
We'll be back next week
Good afternoon!
Welcome to The Impression, your weekly primer on the business of media, entertainment, and content.
If someone shared this newsletter with you or if you’ve found the online version, hit the button below to subscribe now—it’s free! You can unsubscribe anytime.
I’m on leave this week at The Impression, but I’ll be back next Wednesday!
In the meantime, I leave you with the top headlines from the business of media.
Last Scroll Down📲
Scan the big media headlines from the week gone by
Thanks for your support: The Karnataka state assembly passed a new bill introducing a (up to) 2% cess on the sale of movie tickets and streaming subscriptions. The money will be used to fund local cinema and performing arts. The bill is already facing opposition.
Cha-ching: After acquiring several struggling media companies, Adani Group has infused another Rs 900 crore in its media arm AMG Media Networks.
Raising more: After an exceptional performance this June quarter performance, Netflix is raising $1.8 billion in debt. The streaming platform last raised money via debt in 2020.
Ad money brawl: While Netflix gains a solid lead over rivals in paying subscribers, Amazon Prime Video is steadily undercutting it on ad rates, relying on its already massive retail advertising business.
Caged spectators: Even as accredited journalists protest to regain access to Parliament proceedings, field reporters have now been asked to stay within a glass enclosure in the premises. Lok Sabha speaker Om Birla has promised Opposition leaders and journalists to ease the restrictions.
That’s all this week. If you enjoyed reading The Impression, please share it with your friends, family, and colleagues. And please write to me anytime at soumya@thecore.in with thoughts, feedback, criticism or anything you’d like to see discussed in this space. I'd love to hear from you.
Thanks for reading, and see you again next Wednesday!