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Tag: Entertainment industry

  • Jio Studios dominates 2025 with Sky Force success and OTT power moves

    Jio Studios dominates 2025 with Sky Force success and OTT power moves

    MUMBAI:  If 2024 was a cinematic knockout, then 2025 is already shaping up to be a content juggernaut for Jio Studios. After delivering a string of smash hits last year-including Article 370, Laapataa Ladies, and Shaitaan, plus record-breaking blockbusters like Stree 2 and Singham Again-Jio Studios has wasted no time in kicking off 2025 with a bang. The momentum continued with the Sky Force release, which soared at the box office and received glowing reviews.

    Jio Studios isn’t just ruling the big screen—it’s also dominating the OTT space. The studio has already dropped eight major releases across digital platforms, ensuring there’s something for everyone.

    Among the early 2025 highlights:

    . Mrs. – A bold and conversation-sparking film on Zee5

     .  Dhoom Dhaam – The ultimate binge-watch on Netflix

    .   The Storyteller – A masterful nod to Satyajit Ray’s cinematic legacy

     .  Kaushaljis vs Kaushal – A heartfelt exploration of second chances in love on JioHotstar

    These titles aren’t just topping streaming charts—they’re also leading Ormax reports, proving that Jio Studios isn’t just creating content; it’s setting the benchmark.

    As Jio Studios continues to push creative boundaries, audiences can expect a packed year of high-quality, genre-defying content. With eight plus titles already launched and more in the pipeline, the studio is doubling down on its commitment to delivering fresh, diverse, and engaging stories to audiences everywhere.
     

  • BBC Studios names Robi Stanton EVP & GM of global media & streaming ANZ

    BBC Studios names Robi Stanton EVP & GM of global media & streaming ANZ

    MUMBAI: BBC Studios Australia & New Zealand has just made a bold move, appointing Robi Stanton as EVP & general manager of Global Media & Streaming for the region. If the name sounds familiar, that’s because she’s been a media heavyweight for over 25 years, shaping the industry with her expertise in distribution, commercial strategy, marketing, and advertising sales at some of the world’s biggest media companies-including CNN International Commercial, Warner Bros. Discovery, and Turner International. Now, she’s set to make waves at BBC Studios.

    Working closely with Global Entertainment ANZ EVP & GM Kylie Washington, Stanton will spearhead content sales, channels and streaming, and advertising sales. Their mission? Delivering innovative, pan-business growth solutions that elevate BBC Studios’ footprint across Australia and New Zealand. No small feat—but if anyone can do it, it’s her.

    Her appointment comes at a time when BBC Studios Global Media & Streaming ANZ is already firing on all cylinders. Recent milestones include enhancing BBC.com and the BBC app, launching six FAST channels on Nine, bringing BBC First to Sky NZ, extending natural history deals with Nine and TVNZ, and renewing a long-standing premium content partnership with ABC. It’s clear—BBC Studios is on a roll, and Stanton is here to push it even further.

    With ambitious plans for content, digital platforms, and streaming services, BBC Studios is doubling down on its global media dominance. Stanton is expected to bring her strategic acumen to the table, further solidifying BBC’s standing as a content powerhouse.

    One thing’s for sure—this is not just another corporate shuffle. It’s a game-changer for BBC Studios in Australia and New Zealand. The countdown begins—Robi joins later this month, and we’re here for the action.

  • Eros Media World clears $56 million debt, strengthens financial position

    Eros Media World clears $56 million debt, strengthens financial position

    MUMBAI: Eros Media World PLC (EMWP) just hit a blockbuster financial milestone—becoming debt-free in India. Over the past three years, the global Indian film entertainment powerhouse has successfully repaid its outstanding bank debt, including principal and interest, totalling approximately $56 million at current exchange rates.

    At its annual general meeting on 28 February 2025, the company’s Indian subsidiary, Eros International Media Ltd (EIML), confirmed to shareholders that the full repayment had been completed during Q3 of the 2024-25 fiscal year. This financial feat follows EIML’s successful implementation of its debt resolution plan under the Reserve Bank of India’s “Resolution Framework for COVID-19 Related Stress” circular, introduced on 6 August 2020. Notably, EIML had first announced the implementation of this plan on 22 June 2021, covering an aggregate debt of Rs 468.07 crore at the time.

    This achievement isn’t just about numbers—it’s a game-changer for Eros Media World’s financial stability. With a clean slate, the company now has greater flexibility to invest in its strategic priorities, expand its global footprint, and double down on high-quality content production.

    “With the successful repayment of our bank debt in India, we have significantly strengthened our financial health, reinforcing our long-term commitment to financial discipline. This achievement allows us to focus on growing our entertainment business and unlocking new opportunities for value creation,” said Eros Media World PLC director Kishore Lulla.

    With India’s debt burden off its books, Eros Media World can now channel resources into growth, innovation, and content development. The company remains committed to producing premium entertainment and pushing boundaries in the global entertainment industry.

    As streaming wars heat up and the demand for high-quality content skyrockets, Eros Media World stands well-positioned to leverage its strengthened financial footing for bold new ventures.

  • TV9 Bangla Ghorer Bioscope Awards celebrates 50 Years of DD Bangla & Feluda

    TV9 Bangla Ghorer Bioscope Awards celebrates 50 Years of DD Bangla & Feluda

    MUMBAI:  The recently concluded TV9 Bangla Ghorer Bioscope Awards has been a star-studded event that paid tribute to the two significant milestones in the Indian television and entertainment industry. The first element was observing the golden jubilee of Doordarshan (DD Bangla), whose invaluable contribution paved the way for the shaping of the broadcasting industry.  The event felicitated TV personalities who had immensely contributed to the development of the television industry since the Doordarshan days. 

    The second highlight of this event was celebrating the 50th anniversary of the beloved Bengali detective character Feluda, created by the legendary filmmaker Satyajit Ray. TV9 Bangla honoured all the actors to date who played the role of Feluda. 

    TV9 Bangla managing editor and business head Amritanshu Bhattacharya, asserted, “The first edition of TV9 Bangla Ghorer Bioscope Awards was a runaway success. On witnessing the overwhelming response, we have organised the second edition of the TV9 Bangla Ghorer Bioscope Awards this year in a grand way. With the wholehearted support of the Tollywood, television & OTT industry players, this event has grown in stature. Last year, we included TV & OTT that had earned immense popularity. Hence, this year, we have included Movie releases in OTT as well. I am confident that this event will further escalate & reach a greater height of success next year onwards.”  

    The glittering award evening was graced by mesmerizing live performances of renowned singers Aratrika of Sa Re Ga Ma Pa, Madhubanti Bagchi and Iman Chakraborty, whose soulful renditions resonated with the audience. The evening was a perfect mix of nostalgia, celebration, and recognition of talent across the media and entertainment industry of Bengal. 

    The sponsors of this event have been listed below: 

    Co-presented by

    Fridaay

    Lalbaba Rice

    Co-powered by

    Benarasi Niketan

    Dr. S.C Deb’s Rheumalin Gold Capsules 

    Dear Lotteries 

    Sunrise 

    Softovac 

    Health Partner

    Samaritan

    Real Estate Partner

    Merlin

    Special Partners

    Finolex Pipes & Fittings

    Tata Intra Gold Picks

    Togetherness Partner

    Mio Amore 

    Associate Sponsors

    Willowood

    Liv-N- Zyme

    Radio Partner

    Red FM 93.5

    Print Partner

    Sangbad Pratidin

    Outdoor Partner

    Arun Sign
  • Sungold Media posts 15.6 per cent revenue surge in H1 FY2025

    Sungold Media posts 15.6 per cent revenue surge in H1 FY2025

    Mumbai: In a compelling display of strategic growth and robust financial health, Sungold Media and Entertainment Limited recently unveiled its H1 FY2025 financial results, reporting significant strides across core revenue streams. Against a backdrop of industry volatility, Sungold Media has not only enhanced operational revenue but has also showcased impressive profitability, stemming from its prudent fiscal policies and streamlined expenditure practices. The company’s financial statements reveal an upward revenue trajectory, primarily driven by core business efficiencies and a disciplined cost structure. This robust half-year performance paints a promising picture of Sungold Media’s sustained growth and operational resilience.

    For the six-month period ending 30 September 2024, Sungold Media achieved a 15.6 per cent increase in revenue from operations, recording a turnover of Rs 52.36 lakh, up from Rs 44.17 lakh in the preceding period. This revenue growth demonstrates Sungold’s adaptability in an evolving media landscape. Furthermore, other income, while marginal, reflects a consistent source of incremental revenue, contributing Rs 0.055 lakh compared to zero in prior periods.

    The company’s expense management strategies have also delivered tangible results, with total expenses rising only modestly by 3.2 per cent to Rs 49.22 lakh from Rs 43.81 lakh. Notably, the employee benefits expense surged by 19.6 per cent, reaching Rs 32.73 lakh – a positive indicator of Sungold’s investment in talent to drive sustainable growth. Depreciation and amortisation were controlled at Rs 0.119 lakh, suggesting optimised asset utilisation, a key factor in Sungold’s operational agility.

    Through efficient cost controls, Sungold achieved a profit before tax of Rs 3.19 lakh, a remarkable growth from Rs 0.36 lakh in the preceding half. After accounting for tax expenses amounting to Rs 0.402 lakh, the net profit from continuing operations stood at Rs 2.79 lakh, underscoring a 760 per cent increase in profitability. These results mark a decisive turnaround from earlier challenges, demonstrating a clear trajectory toward financial stability.

    Sungold Media’s balance sheet reveals a stable asset structure, with total assets slightly up from Rs 1,159.89 lakh in March 2024 to Rs 1,161.95 lakh by September. The company has increased its intangible assets under development to Rs 33.08 lakh, highlighting a strategic investment in innovation and future growth.

    The company’s trade receivables experienced a notable reduction to Rs 41.08 lakh, down from Rs 53.99 lakh – a promising indicator of improved cash flow management. This, coupled with an optimised cash and cash equivalents position at Rs 21.80 lakh, showcases Sungold’s focus on liquidity to fuel further expansion. Shareholder equity remains robust, with Rs 1,100 lakh in equity share capital and Rs 60.34 lakh in reserves, reflecting the company’s commitment to value creation for stakeholders.

    During H1 FY2025, Sungold generated a positive cash flow of Rs 9.08 lakh from its operations, underscoring the strength of its revenue streams and prudent cost controls. After accounting for various adjustments, including a Rs 10.80 lakh impact from other expenses, Sungold achieved a closing cash position of Rs 21.80 lakh, highlighting effective cash management strategies aimed at preserving liquidity and supporting sustainable expansion.

    As Sungold Media moves into the latter half of FY2025, it is well-positioned to leverage its strengthened operational foundation to pursue new growth avenues in the entertainment sector. The company’s strategic focus on cost optimisation, coupled with a disciplined investment approach, sets the stage for continued momentum. Sungold Media’s half-year financial results not only reflect resilience in the face of industry challenges but also indicate a future-oriented strategy likely to yield further shareholder value in the months to come.

  • Adar Poonawalla acquires 50 per cent stake in Dharma Productions for Rs 1000 Cr

    Adar Poonawalla acquires 50 per cent stake in Dharma Productions for Rs 1000 Cr

    Mumbai: In a blockbuster deal that blends Bollywood glamour with business acumen, Serum Institute of India, CEO, Adar Poonawalla has acquired a 50 per cent stake in Karan Johar’s Dharma Productions for Rs 1000 crore. This partnership not only infuses the storied film production house with fresh capital but also marks Poonawalla’s strategic entry into the entertainment sector, broadening his portfolio beyond healthcare.

    Dharma Productions, known for producing some of Bollywood’s biggest hits, will now benefit from Poonawalla’s business expertise and resources. The deal is set to drive the company’s expansion into new content forms and strengthen its position in the evolving Indian film industry. The acquisition also brings an added layer of financial strength and strategic backing that is expected to propel Dharma into new ventures.

    Johar, expressing his optimism about the partnership, stated, “I am thrilled to welcome Adar Poonawalla to the Dharma family. His vision aligns with ours, and this investment will open up new avenues for us to create engaging and meaningful content.”

    This agreement symbolises a fresh chapter for Dharma Productions, which has been a cornerstone of Bollywood for decades. With Poonawalla on board, the company aims to accelerate its growth plans, expand its reach across platforms, and capitalise on emerging digital opportunities. The funds are likely to be used for producing high-budget films, expanding the company’s digital content division, and exploring international collaborations.

    Poonawalla commented on his latest investment, saying, “Bollywood has always fascinated me, and this partnership is a step towards not only investing in a successful business but also in the future of Indian cinema. I look forward to working closely with Karan Johar and the team at Dharma to achieve great things.”

    The deal puts Dharma Productions in a stronger position to compete with other major players in India’s entertainment industry. Prior to Poonawalla’s entry, the stake was hotly contested, with Reliance and Saregama among the potential buyers. However, Poonawalla’s winning bid underscored his serious intent to diversify his investments beyond the pharmaceutical industry.

    Industry insiders believe this move will encourage more industrialists to look at the entertainment sector as a viable investment avenue. With content consumption surging across digital platforms, Poonawalla’s financial backing could help Dharma Productions expand its footprint in streaming and international markets.

  • The evolution of theme parks: A game-changer in amusement industry development

    The evolution of theme parks: A game-changer in amusement industry development

    Mumbai: In our modern, fast-paced world, the entertainment industry is always changing to match the evolving tastes of both adventure enthusiasts and families. A particularly exciting and imaginative idea that has emerged recently is the theme park – a revolutionary concept that has completely transformed how we enjoy entertainment.

    Theme Parks: A new dimension of entertainment

    Theme parks have revolutionised the amusement industry by providing immersive experiences that cater to individuals of all age groups. Their substantial growth and revenue generation underline the immense popularity of such experiences. This shift indicates a strong preference among audiences for complete engagement in diverse adventures.

    Why theme parks are gaining popularity

    1. Creating Stories: Theme parks go beyond rides, telling exciting stories around their attractions. This kind of storytelling creates emotional connections, making the experience memorable. Whether it’s fantasy, history, or space adventures, theme parks offer an exciting escape from reality.

    2. Family Fun: Families enjoy theme parks because they offer something for everyone. From thrilling rides for the brave to gentle attractions and play areas for kids, there’s something enjoyable for every family member.

    3. Learning and Enjoyment: Many theme parks combine fun with learning, sharing history, science, art, and culture in an entertaining way. This mix provides a fun experience that also teaches something new.

    4. Moments to Cherish: Theme parks create shareable moments perfect for social media. The desire to join the fun and the fear of missing out motivate people to visit and share their adventures online, boosting the parks’ popularity.

    5. Theme amusement parks are distinctly different from any other form of leisure & entertainment as it offer interactive and participative forms of entertainment in a safe & environment-friendly atmosphere.

    6. Theme parks are revolutionary as these are nowadays based on various innovative themes ranging from Children entertainment to Family attractions and Water/Snow games. Indoor amusements to science parks offering edutainment. Adventure sports are also based on various themes. History and general knowledge-based parks, religious theme parks, and Space experience-oriented parks are also becoming popular.

    7. To instil confidence in the minds of the visitors, the advent of modern and updated science & technology park attraction designs are always conscience of human safety.

    The challenges and future of theme parks

    Theme parks have won over many people, but they also deal with challenges in staying attractive and important. Finding a balance between new ideas and keeping beloved attractions is crucial to match changing preferences while honouring nostalgia. Moreover, addressing concerns about environmental sustainability, inclusiveness, and crowd control is vital for the industry’s success.

    The future of theme parks looks thrilling, thanks to progress in technology and design. Virtual reality, augmented reality, and interactive features are set to elevate theme park experiences, captivating visitors like never before.

    Conclusion: A new era of entertainment

    Theme parks have revolutionised entertainment by combining fantasy, adventure, and education. Their continuous improvement is changing how we enjoy ourselves and create cherished memories with family and friends. Exploring these meticulously designed realms offers a thrilling and enchanting getaway, making theme parks a captivating and enduring concept in the entertainment landscape.

    In a world that treasures experiences and memories, theme parks showcase human creativity and our yearning for extraordinary journeys. As this new era of entertainment unfolds, we eagerly anticipate the remarkable opportunities that theme parks will provide to inspire upcoming generations.

    This article has been authored by  IAAPI chairman Srikant Goenka

  • Eros Investments collaborates with IIT Bombay to develop AI-based script generating tool Kurosawa

    Eros Investments collaborates with IIT Bombay to develop AI-based script generating tool Kurosawa

    Mumbai: Global media, entertainment and technology portfolio of ventures Eros Investments has announced a strategic collaboration with IIT Bombay to design and develop an AI-based tool for automatic script generation.

    Named Kurosawa, after the celebrated Japanese film director Akira Kurosawa, the software will assist film makers in developing the plot and script of movies by generating a full-length feature film script. IIT Bombay will also create a whitepaper on Kurosawa for academic and research purposes.

    The teams from IIT Bombay and Eros have been collaborating on Kurosawa for over a year. Kurosawa will help identify the right genre, output logline, and synopsis and deliver a potentially hit script that can be customized further as required. In the current phase, Kurosawa can generate multiple engaging plots and scenes basis single input. For example, it can create genre-specific movie plots, basic genre(s) and a short 2-3 sentence prompt. It can also create scenes in a standard screenplay format basis a brief description.

    Automatic Movie Script Generation is a subfield of Natural Language Generation (NLG). The machine can learn plot and scene generation from the pre-existing data with minimum human intervention.

    Eros Investments director Swaneet Singh said, ” This association between Eros Investments and IIT Bombay is an excellent example of the amalgamation of the left and right brain. Kurosawa is a pioneering and cutting-edge technology that will revolutionize the entertainment sector. The tool will enable scriptwriters to focus on creativity and quality while doing the groundwork for them. This innovation marks a new milestone for Eros Investments that will be used as a case study in the future.”

    IIT Bombay dean of research and development Prof. Milind Atrey, added, “Kurosawa will be a huge opportunity to transform the art of storytelling with proficiency and improve efficiency for content creators. We welcome collaboration with Eros investments, led by Prof. Pushpak Bhattacharyya from IIT Bombay, to provide automation to the process of scripting in the entertainment industry. As the outcome of the research, IIT Bombay will also be jointly launching a white paper on Kurosawa that will be used for academic and research purposes, further supporting the upcoming generation looking to make a mark in the industry.”

    Kurosawa is based on the latest deep learning and natural language processing technologies. It is led by Prof. Pushpak Bhattacharyya, known for his artificial intelligence and machine learning expertise, and an internationally renowned research group. He is a professor in the computer science and engineering department at IIT Bombay and is a Fellow of the National Academy of Engineering (2015) and Abdul Kalam National Fellow (2020). Prof. Bhattacharyya is supported in this project by the students from IIT Bombay who are a part of the curriculum.

  • Winners announced at Promax India Awards 2021

    Winners announced at Promax India Awards 2021

    Mumbai: The Promax Awards are the world’s premier celebration of outstanding achievement in entertainment marketing and design. Across eleven regional and global competitions, the Promax Awards honour the teams harnessing passionate fandom to drive audiences, create value, and build the biggest brands in entertainment.

    This year, Promax India Awards 2021 saw a record number of entries at ‘Art of Pivot’: Promax India Virtual 2021 Conference & Awards showcasing the power of collaboration and participation, despite being held virtually. It is perhaps the strongest indicator of how audiences go through the content, innovate with the best tools and best practices available.

    The event witnessed as many as 85 winners being announced across the categories of Gold (44) and Silver (41) respectively. The leading brands who were a cut above the rest and were awarded included Star and Disney India, Zee Entertainment Enterprises, Amazon Prime, Viacom18 Media, Shemaroo Entertainment, Sony Pictures Networks India, India Today Group amongst others.

    “Despite the challenging period, it’s encouraging to witness genuine recognition for work churned out by the Sony Pictures Networks India team during this time. The Promax Awards are a testament to the dedication and efforts of the creative fraternity. Our heartiest congratulations to our peers within the Media and Entertainment industry who’ve been honoured for producing stellar work that constantly pushes creative boundaries,“ said Sony Pictures Networks India CMO Tushar Shah.

    India Today Group group CMO Vivek Malhotra stated, “We’re glad to have been able to craft a perfect campaign in the midst of the challenging pandemic – turned out to be a potent mix of flawless production, art deco styling, and sharp topicality. We’re happy that they are as recognised for creative quality as they have proven themselves for impact.”

    The three-day event was filled with prominent global speakers sharing their perspectives and insights on the challenges faced in the industry and to how to stay ahead of the game by adapting to the new normal. It was packaged and presented extremely well by renowned TV personality, Cyrus Broacha, and chaired by Amazon Prime Video head of India originals Aparna Purohit.

    Delighted on winning eight awards at the Promax 2021 awards, Shemaroo Entertainment Ltd COO Kranti Gada said, “This is a very proud and exciting moment for all of us at Shemaroo.”

    Adding to that, Operations & Delivery head – OAP Mahesh S Newalkar said, “We are truly overjoyed and humbled. Winning the awards has solidified our conviction to do better in the future. The foundation of excellence is built upon a solid team with a focused pursuit. This moment of celebration is a result of the relentless work by Team Shemaroo which worked despite the tough times of COVID and came up with breakthrough campaigns. It’s a collaborative outcome of the entire team’s creativity, diligence, and teamwork.”

    ‘We are ecstatic and honoured with the multiple wins at the prestigious Promax India Awards. The accolades received are a tribute to the creativity, passion, and talent that our teams exemplify. This win reiterates Star & Disney India’s continued focus on doing category-defining work that inspires, impacts, and moves audiences at scale,” said Star & Disney India network brand and creative head Minakshi Achan.

    Going beyond what is expected, the Promax India Awards celebrated the best of the best of brand-defining campaigns that ignite viewers into fans, engaging audiences through every screen, and driving bottom-line results for the largest media companies from India.

    Amazon Prime Video head creative marketing Tamagna Ghosh said, “The last one year has been challenging for us. But I am really glad that the team has put up a great show this time at Promax even under challenging circumstances.”

    Supporting the Promax brands, Strategy and Operations digital and broadcast president Vivek Srivastava said, “Promax India Awards stands as a hallmark of true excellence and our wins testify our prowess in terms of creative storytelling and craft. The fact that all of this work was created under the constraints of lockdown-induced challenges, makes this victory even more delightful. I congratulate all the teammates for recognition of their remarkable performance.”

    A list of the winners of Promax India Awards 2021 can be downloaded from the link: https://bit.ly/2XUfHRz

  • Covid2109: Entertainment industry to lose $160 billion over five years

    Covid2109: Entertainment industry to lose $160 billion over five years

    MUMBAI: The global entertainment sector will lose $160 billion of growth due to the Covid2109 pandemic in the coming five years, according to research by Ampere Analysis.

    "While the biggest impact will be felt in 2020 and throughout 2021, growth will be reduced each year for the duration of the five-year forecast period. While gross loss (the total amount of lost growth in dollar terms) will be greatest for the advertising sector, it’s also important to look at the relative impact pegged to the size of the sector. On that basis, theatrical will be hardest hit, set to lose $24.4 billion over the next five years, with its revenue growth down more than 11 percent over Ampere’s previous forecasts," says Ampere Analysis.

    The TV and online advertising market will lose almost $40 billion of revenue growth and $43 billion next year. Though a recovery can be expected in the year 2022, the figures will not come near the previous forecasts made by Ampere Analysis.

    Ampere Analysis research director Guy Bisson said that advertising has been hit the hardest. "The interconnected nature of the entertainment value chain means that will have a number of effects in other areas of the value chain. Some of which will not be fully felt for several years to come," he said.

    Shut theatres will have a direct bearing on theatrical revenues. However, the long-term effects “mean a glut of movies vying for release windows next year could ultimately lead to a slowdown in film production that impacts content acquisition and distribution further down the line," said the report.

    Streaming winner  

    Streaming, however, will remain the big winner with viewers relying on such platforms heavily. Streaming will achieve 12 per cent more revenue growth in the next five years, says the research firm. Lockdown across the world have led to an exponential increase in “streaming consumption and new subscriptions, benefiting subscription video-on-demand, broadcaster video-on-demand and other catch-up services."

    Pay TV, which has already gone through huge losses due to the lack of live sports, will be losing “significant value in what was already a challenging market structurally, representing around four per cent of its previously forecast value," says the research firm.

    Scripted TV to suffer

    The firm predicts disruption in the supply and release of new content for a year due to delays in production caused by Covid2019.

    While the unscripted market will likely to easily withstand the pandemic, the scripted TV sector will be affected, and its effects remaining so for the rest of the year and even into 2021. This will remain so even if production resumes by June.

    “There is one certainty among the current uncertainty – that the Covid2019 pandemic will change the TV production industry far beyond the end of the lockdown. Initially, we expect delays to cause gaps in scripted TV release schedules, which broadcasters and streaming players will have to fill with other content. However, as delayed productions begin to fill out content gaps in later months, these gaps will begin to close. But this has further ramifications. The knock-on effect of delayed releases is a likely depression of the number of new commissions for some time after the shutdown ends, as commissioners look to fill schedules with delayed projects they have already invested in before signing off new ones,” says Ampere Analysis senior analyst Fred Black. 

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