Tag: ESPN

  • Sony Pictures snags Levine, Hartbeat’s Ex-CEO, for strategic push

    Sony Pictures snags Levine, Hartbeat’s Ex-CEO, for strategic push

    MUMBAI:  Sony Pictures Entertainment (SPE) has recruited  Jay Levine, former CEO of Kevin Hart’s Hartbeat media company, to serve as executive vice president, chief strategy officer and business operations. Levine will report directly to SPE president and CEO, Ravi Ahuja, and will spearhead the company’s strategic growth initiatives, including mergers and acquisitions.

    Levine, who joined Hartbeat in early 2024, made a splash by producing the Emmy-nominated Greatest Roast of All Time: Tom Brady for Netflix and “Fight Night: The Million Dollar Heist” for Peacock. He also renegotiated key partnerships with industry giants like Netflix, NBCUniversal, and Sirius XM.

    Prior to Hartbeat, Levine spent over a decade at Warner Bros. and WarnerMedia, where he held various senior leadership roles, including leading business operations and strategy for the WarnerMedia Studios and Networks group. His extensive background also includes stints at Disney and ESPN.

    Ahuja lauded Levine’s “deep expertise and great reputation,” adding that his “collaborative spirit” would be invaluable for Sony’s growth. Levine, in response, expressed his eagerness to “advance the company’s opportunities for expansion and growth given the evolving media landscape.”

    This move signals Sony Pictures’ aggressive pursuit of growth and innovation in the increasingly competitive entertainment industry.

  • “The future depends on how we will balance AI and ML with ethical considerations:” Emmy sound design winner Cory Choy

    “The future depends on how we will balance AI and ML with ethical considerations:” Emmy sound design winner Cory Choy

    He is an award-winning sound guy. Sound as in reliable; sound as in to do with audio. Cory Choy and his boutique sound studio Silver Sound Studio, located in the heart of New York City, have made a name for themselves, which is the envy of many others.

    Silver Sound boasts an Emmy award-winning team of on-location sound recordists in New York and Los Angeles. Choy himself picked up the lovely golden lady for his work mixing the sound for a show “Born To Explore.”

    His studio provides recording, design, edit, restoration and mix services and has worked with all sorts of people all over the globe including, but not limited to: ABC, NBC, Vice, Comedy Central, ESPN, Disney, Google, Microsoft, CNN, MTV, FOX, Netflix, Apple, Shudder and Spotify.

    In a wide-ranging interview, the Emmy Award-winning sound artist, engineer and studio owner discusses the evolution of audio technology, creative freedom, and the intersection of art and social responsibility. Here are the key insights from his conversation with Indiantelevision.com group CEO and publisher Mishaal Wanvari.

    On what sparked his interest in sound design.

    It was an inevitability rather than a decision. Both my parents were musicians – my mother wrote plays and operas, while my father combined music with computer programming. One of my earliest memories is watching my mother’s opera being performed at the Kennedy Center. But it was my father who showed me how technology could amplify creativity. He connected a Midi output from the game Monkey Island through a Casio keyboard, making it sound like a full orchestra. He connected a midi through a keyboard with a massive and professional instrument sound bank– which was far superior to the stock soundcard midi instruments. That early demonstration showed me how technology could be used to bring people together… the midi experience taught me that looking for a unique solution and setups can bring great power and creates experiences far beyond what people expect.

    On the evolution of sound editing tech during his career.

    I started at the very end of physical tape editing, where you had to physically cut and splice tape together. There was no undo button – once you made a cut, you had to live with it. The transition to digital audio workstations was revolutionary. Suddenly, all your tape was right in front of you, you could cut anywhere, and if you made a mistake, you could simply undo it.

    The economics were equally transformative. In 2006, a professional Pro Tools system cost around $10,000 – might as well have been a million to me at the time. But then Dell provided affordable, powerful hardware, and I discovered Reaper, which cost just $60. With a $2,500 Dell computer and Reaper, we were competing with studios using much more expensive equipment. Reaper vs. Avid – every single line of code in reaper is very well thought through with a small team, it is very efficient, and the entire program is designed to empower the user not restrict it. There is more freedom and there are more possibilities in Reaper than any other program I have ever used.

    On his Emmy Award win and on his experience thereafter.

    We won it in 2016 for the programme Born to Explore. One of our most impressive achievements was capturing crystal-clear dialogue from a host 200 feet away on a lake, using a highly directional Sanken CS-3E microphone. The water’s surface actually helped carry the sound. What made it special for us was that we won it in a category that is extremely competitive.

    On his Aisha win at the Tribeca film festival.

    It’s a fascinating story that began with an intern application. Fayshyo Aluko, a Nigerian poet with no sound experience, applied for an internship. When I asked why she wanted to work in sound, she simply said she wanted to explore sound design. I gave her a poem I’d written about a Palestinian girl, inspired by my own daughter’s questions about human rights.

    What Fayshyo brought to it was extraordinary – she incorporated traditional Nigerian storytelling techniques, using an oil drum beat as a metaphor for both footsteps and heartbeats. Her first-ever sound design piece won at the Tribeca Festival. It went on to win a Signal Award and an Anthem Award for human rights work.

    On the industry’s relationship with technology.

    The accessibility of technology has been revolutionary. When I started, a gigabyte of storage was massive – Pro Tools required one gigabyte just to install. Compare that to Reaper, which was just two megabytes. The difference? Avid spent their programming efficiency on creating paywalls – $50 here, $100 there, some plugins over $5,000.

    But now, with affordable computers and software, small studios can compete with anyone. Though the challenge isn’t doing the work – it’s finding it. If you’re not in the elite class, convincing someone from that class to work with you is the real challenge.

    On what’s next for sound design and sound mixing.

    We’re at an interesting inflection point with AI and machine learning. The technology is incredibly powerful, but we need to consider the ethical implications. For instance, voice cloning technology could be used for scams or misinformation. The wealth gap in computing power also means some will have access to these tools while others won’t.

    The future of our industry will depend on how we balance these technological capabilities with ethical considerations. It’s not just about what we can do, but what we should do.

    AI is both enabling and potentially corrupting. It’s incredible for tasks like analysing a voice and removing unwanted noise, but it also raises ethical concerns. We can now make someone sound like they’re saying something they never said, with their exact voice. While that’s exciting from a creative standpoint, it’s concerning from an ethical one.

    I have mixed feelings about the cloud-based AI tools emerging in our industry. Tools like Eleven Labs are incredibly powerful, but they raise important questions about access and control. What happens if these services suddenly become restricted based on geography or politics? It’s similar to the wealth gap we’re seeing in computing power – those with access to unlimited energy and graphics cards will have more capabilities than others.

    What’s fascinating is watching how different regions approach these challenges. Chinese engineers, for instance, are often outwitting their American counterparts with fewer resources. It’s not just about having the most powerful tools – it’s about how creatively you use what you have.

    On the way forward for small studios in a competitive market.

    The tools have never been more accessible, but the challenge is standing out in an increasingly crowded space. There are billions of talented people in the world, everyone has something unique to bring to the table, and the competition is fierce while resources are limited.

    However, I believe independent studios have an advantage in being more nimble and able to take creative risks. The key is finding your unique voice and the audience that resonates with it. It won’t be the easiest path, but if you really want to be in this space, you absolutely can make it work.

    And yes, the model has changed completely. At Silver Sound, we’ve evolved from a partnership to a more focused operation. The pandemic really took a chainsaw to the industry in 2020 – many partners and staff left, and we weren’t sure we’d survive. But then I met our current studio manager and latest engineer, both in their 20s, and it gave us new direction.

    Now our mission is to help develop new talent while remaining economically sustainable. We want to create things that make both us and the world better, but in a way that supports everyone financially. It’s about finding that balance between artistic integrity and commercial viability.

    The hardest part isn’t doing the work – it’s finding it. If someone gives me a project and appropriate funding, we can create something extraordinary. The challenge is breaking through that class ceiling where elite-level clients don’t trust smaller studios with significant projects.

    That said, I believe boutique studios have advantages in today’s market. We can be more responsive, take creative risks, and maintain closer relationships with clients. The key is finding clients who value that personal touch and creative freedom over the prestige of a large studio name.

    On his feature film.

    Sound and music are integral to my film Esme, My Love – you really won’t understand the movie without them. We made it for $135,000 total, yet people think we spent £3 million. That was only possible because we had Silver Sound as a home base. It’s now being dubbed into Spanish and Portuguese, with Korean potentially next.

    It’s still an independent gem – not widely known in the United States or globally – but I’m proud that it got distribution. You can find it on Amazon and Tubi. We spent six years working on it, ensuring it didn’t feel like something just slapped together.”

    On his approach keeping in mind the technical versus creative aspects of sound design.

    Technical precision is only a means to an end – creative decision-making is everything. If you don’t have the technical ability to execute your creative vision, then you need to improve technically. The more technical ability you have, the better you understand what’s creatively possible. They feed off each other.

    We offer two modes at Silver Sound: we can either help someone achieve their vision to its highest level possible, or we can work with them to create a vision from scratch. People come to us because they know our technical work is solid, but we provide a creative aspect that many other companies can’t match.

    On how technology vendors have evolved in service.

    I’m particularly grateful to Dell, and this isn’t just corporate speak. In New York City, their ProSupport service has been invaluable. When a computer breaks down in a professional studio, having a skilled repair technician on-site within 24 hours is extraordinary. Finding a reliable repair person independently could take a month.

    However, I’m watching carefully how technology companies position themselves during these challenging times. We need companies that empower creators rather than restrict them. The best technology partners understand they’re enabling creativity, not just selling hardware.

    On what excites him most about the industry’s future.

    The democratisation of technology has opened up incredible possibilities. When I started, the barrier to entry was hundreds of thousands of dollars. Now, with a decent computer and some affordable software, talented creators can produce professional-quality work.

    But what really excites me is seeing how younger generations approach these tools. They’re not bound by traditional workflows or assumptions. They’re combining technologies in ways we never imagined, creating new forms of storytelling. The challenge will be maintaining high creative standards while embracing these new possibilities.

    On advice for aspiring sound designers.

    Do what you love, but understand the economic realities. Unless you join a large company, it’s not an easy path financially. You can live a good life as a sound mixer and designer, but if you’re independent, you need to be a business person as well. If that’s not your strength, find a business partner who can handle that aspect while you focus on the creative work. The competition is fierce and resources are limited, but if you truly want to be in this space, you absolutely can make it work.

    On his belief that media has social responsibility and his willingness to remind it of it.

    Many companies are afraid to take moral stances for fear of alienating potential clients. This year, I’ve made a conscious business decision to openly oppose fascist movements in America. Yes, we might lose some potential clients, but I believe we’ll attract more of the kind of clients we want to work with. You can be moral and ethical, but if you can’t feed your family, it’s no good. However, I don’t want to survive in a way where my soul isn’t surviving.

  • Rohit Raikwar roped in as GM -Paytm Ads

    Rohit Raikwar roped in as GM -Paytm Ads

    MUMBAI: Rohit Raikwar has been appointed as general manager at Paytm Ads. He moves from Disney+ Hotstar where he was agency lead.

    In his new role at Paytm, Raikwar will be based in Mumbai. He brings over 15 years of experience in digital advertising sales and revenue generation across leading media companies.

    Prior to Disney+ Hotstar, Raikwar held senior positions at Times Internet, ESPN, Network18 (Moneycontrol), Sify Technologies and India Today Group Digital. He is an MBA in marketing and advertising from IBS Bangalore.

     

  • ElevenLabs secures $180 million to make AI voices the gold standard of digital speech

    ElevenLabs secures $180 million to make AI voices the gold standard of digital speech

    MUMBAI: The future of digital interaction just got a whole lot smoother—and way less robotic! AI audio pioneer ElevenLabs has secured a blockbuster $180 million in Series C funding, proving once again that the future of communication isn’t just about typing but talking.

    Co-founded in 2022 by childhood friends Piotr Dąbkowski and Mati Staniszewski, this Poland-born startup is on a mission to make AI voices sound less like a dull GPS and more like your most charismatic friend spilling the latest gossip. With its tech already powering AI assistants, media giants, and even voice actors, ElevenLabs is set to redefine how the world hears AI.

    The funding round was co-led by a16z and Iconiq Growth, with fresh backing from NEA, World Innovation Lab (WiL), Valor, Endeavor Catalyst Fund, and Lunate. ElevenLabs’ existing heavy-hitter investors—Sequoia Capital, Salesforce Ventures, and Smash Capital—doubled down on their bets. Oh, and let’s not forget the industry giants joining the party, including Deutsche Telekom, LG Technology Ventures, HubSpot Ventures, and NTT DOCOMO Ventures. The latest round sends ElevenLabs’ valuation skyrocketing to $3.3 billion—triple what it was a year ago. Not bad for a company that launched just two years ago!

    ElevenLabs has come a long way since debuting in January 2023. The company has spent the past two years refining its AI models, releasing game-changing products, and making digital speech more expressive and lifelike. And the results? Users have already generated over 1,000 years’ worth of AI-generated audio—a number that speaks volumes (literally).

    Among its biggest innovations:

    . Conversational AI: No more robotic call centres—this tool powers real-time, natural speech for AI agents.

    .  Voice design: Need a custom AI voice? Generate one from text descriptions.

    .  Sound effects model: AI-generated sound effects bring immersive audio storytelling to the next level.

    .  ElevenReader app: Turns ebooks, PDFs, and articles into listenable content on-the-go.

    .  Flash model: The speed demon of AI voice tech, boasting an ultra-fast 75ms latency.

    .  Voice library payouts: A marketplace where voice actors and users have already earned $2M for their AI-generated voices.

    .  Dubbing studio: Supports 32 languages, making global content sound local while preserving original voices.

    Who’s using ElevenLabs? Pretty much everyone. From big-name tech firms to media giants, ElevenLabs is the industry’s AI voice darling. Its solutions are trusted by Nvidia, Perplexity, Synthesia, Espn, Aston Martin F1, The Washington Post, Chess.com, Time, and HarperCollins, to name a few. More impressively, over 60 per cent of Fortune 500 companies have employees using ElevenLabs tools. That’s some serious corporate clout.

    ElevenLabs isn’t just about high-tech innovation; it’s also changing lives. Through its ‘Impact Program’, the company has partnered with 80+ organisations to bring AI voices to individuals with speech impairments. The result? Over 1,000 people with ALS and other conditions have regained their voices. And in the cultural space, ElevenLabs has helped bring AI-generated plays to life at Centre Pompidou in Paris.

    The company is also going global—literally. ElevenLabs has expanded into Poland and India, setting up an R&D hub in Warsaw and investing in Indic language development. Expect an even stronger focus on regional accents, dialects, and personalised AI speech in the near future.

    The company isn’t stopping at just making AI voices sound human—it wants to fundamentally redefine digital speech. CTO Dąbkowski, recently named a Time Magazine AI Top 100 Innovator, is leading research to push AI-generated audio into new frontiers. With its team growing from 30 to 120 employees and hubs in London, New York, and Warsaw, ElevenLabs is set to build the most comprehensive AI audio platform in the world.

    The fresh $180 million investment will go towards:

    .  Expanding AI research into more expressive, nuanced, and controllable voice models.

    .   Developing new tools for businesses, creators, and developers.

    .  Strengthening AI safety, ensuring ethical and responsible deployment of AI-generated voices.

    .  Bringing AI voice tech to mobile, making audio AI more accessible.

    .   Supporting all languages, accents, and dialects—because AI should sound like everyone, not just an English-speaking robot.

    “Speech is how we naturally communicate. This funding moves us closer to a world where digital interactions happen by voice—fluid, natural, and as effortless as a conversation,” said CEO Staniszewski.

    “Voice is becoming a key part of how we interact with technology, and ElevenLabs is making it work at scale. We’re thrilled to continue to support their work in building the next generation of AI,” said a16z general partner & head of growth fund, David George.

    “We believe ElevenLabs is redefining the way we connect with digital environments, placing voice at the very heart of these transformative interactions. We are thrilled to partner with such an innovative team and contribute to their extraordinary journey to help reshape the future of voice technology,” said Iconiq Growth general partner Seth Pierrepont.

    As AI-generated speech continues to evolve, one thing is clear: the keyboard is no longer king—the mic is taking over. Thanks to ElevenLabs, digital conversations are stepping out of the uncanny valley and into a world where AI doesn’t just talk—it converses, charms, and maybe even tells better jokes than your best friend.

  • Fox, Disney & Warner Bros Discovery abort Venu Sports

    Fox, Disney & Warner Bros Discovery abort Venu Sports

    MUMBAI: The ambitious Venu Sports streaming service, a joint venture between Disney, Fox, and Warner Bros. Discovery, will not be launching after all.  The only launch  – if you can call it that –  it is having is – out of the window. The decision comes despite earlier indications that the project was moving forward, following the resolution of a lawsuit with Fubo.

    Venu had promised to shake up the sports streaming landscape by combining content from major networks like ESPN, ABC, TNT, and Fox into a single platform for $42.99 per month. However, persistent legal and market pressures ultimately derailed the effort.

    On Thursday, DirecTV and EchoStar signaled the possibility of their own lawsuits against Venu, citing unresolved antitrust concerns that were central to Fubo’s earlier legal challenge. By Friday, Disney, Fox, and Warner Bros. Discovery announced  that they were drawing the curtains on the project in a joint statement:

    “After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service. In an ever-changing marketplace, we determined that it was best to meet the evolving demands of sports fans by focusing on existing products and distribution channels. We are proud of the work that has been done on Venu to date and grateful to the Venu staff, whom we will support through this transition period.”

    DirecTV, in its own statement, added: “We look forward to working with our programming partners — including Disney, Fox, and Warner Bros. Discovery — to compete on a level playing field to deliver sports fans more choice, control, and value all-in-one experience.”

    Venu was first announced nearly a year ago and was slated to launch last fall. However, a judge halted the rollout after Fubo filed an antitrust lawsuit, claiming the service would unfairly dominate the sports streaming market

    The service aimed to consolidate premium sports content from its parent companies’ linear TV networks, offering fans an all-in-one experience. It had even appointed former Apple executive Pete Distad as CEO to lead the charge. 

    While Venu has been shelved, Disney is still moving ahead with its plans to launch a standalone ESPN streaming service, currently referred to as “ESPN Flagship,” by the end of the summer. Analysts speculate that Fox may eventually license its sports content for inclusion on the new platform.

    This pivot underscores the complexities of navigating legal challenges and evolving consumer expectations in the highly competitive sports streaming market. For now, fans will have to rely on existing platforms to access their favorite sports content.

    (The visual for this story has been generated using Microsoft Designer. No copyright infringement is intended. It is just a depiction of the fate of Venu Sports with the three main partners aborting the venture. And there is no attempt to cause any injury or damage to the reputation of  either Fox, Disney or Warner Bros Discovery or to hurt anyone’s sentiments. In short, there is no malafide intent and no malice is intended either.)

  • Legends League Cricket expands global reach

    Legends League Cricket expands global reach

    Mumbai: Legends League Cricket continues its successful broadcast partnership with Star Sports Network owing to the massive response to the previous editions of the League. All matches of the upcoming season of Legends League Cricket will be broadcast across Star Sports, and Disney+ Hotstar starting from the 18 of November 2023 till the 9 of December 2023.

    “Legends League Cricket brings together the best national and international talent to the fans, and it was only right that we continue our association with the Star Sports Network and FanCode to showcase the Legends of the sport. This association will continue to give millions of cricket lovers in India the best viewing experience and bring them closer to the stars that they know and love.” said Legends League Cricket CEO Raman Raheja.

    The addition of newer international cricketers and Indian Legends this season will help increase the viewership both in India and abroad. The league’s broadcasting numbers speak for themselves with 388 per cent higher reach than other T20 Leagues on Sports TV (excluding IPL), being the second most watched and rated T20 League (source: BARC 15+ AB), and a whopping 280 million global viewership in just its previous season.  

    The second franchisee edition of Legends League Cricket is scheduled from November 18 to December 9 and will feature matches in five cities: Ranchi, Dehradun, Jammu, Vizag, and Surat. The tournament will kick off with a match between Bhilwara Kings, led by Irfan Pathan, and the defending champions, India Capitals, captained by Gautam Gambhir. Six teams, including India Capitals, Manipal Tigers, Gujarat Giants, Urbanrisers Hyderabad, Southern Super Stars, and Bhilwara Kings, will compete for the coveted trophy.

    Legends League Cricket will be broadcast in eight countries in multiple languages including English, Hindi, Tamil, Telugu, and Kannada. The broadcasting partners for different countries are Star Sports in India, Sri Lanka & Bangladesh along with Disney+ Hotstar, and ESPN+ will be available for viewers in South Africa and USA with an addition of Willow TV just for American viewers. Fox and Kayo Sports will cater to the Australian region, Etisalat in the Middle East, and BT Sports in the UK region. 

  • Star Sports Hindi feed goes global in a historic first for ICC Men’s Cricket World Cup

    Star Sports Hindi feed goes global in a historic first for ICC Men’s Cricket World Cup

    Mumbai: Star Sports, the official broadcaster of the ICC Men’s Cricket World Cup 2023, is thrilled to announce the global expansion of its Hindi feed for the marquee tournament. Fans in the United States, Canada, Australia, and the Middle East can now savour uninterrupted coverage of all the thrilling action in Hindi. This marks the first-ever occasion where the ICC Men’s CWC is being broadcast in Hindi within these regions, accessible through both linear and digital platforms, catering to the vibrant Indian diaspora. This milestone underscores the profound significance of cultural pride -‘Hindi Mein Baat Hai, Kyunki Hindi Mein Jazbaat Hai.’ (The language brings out all the emotions)

    The coverage of ICC Cricket World Cup 2023 in Hindi will be available on:

    •    ESPN+ (USA/Canada)
    •    Willow TV (USA/Canada)
    •    Fox Sports / Kayo (Australia)
    •    Starzplay (Middle East)
    •    CricLife Max (Middle East)

    The Hindi coverage on these platforms will also include Star Sports’ pre-match show ‘Cricket Live’, India’s most watched cricket show.

    John Lasker, senior vice president of ESPN+, said, “Anchored by ESPNcricinfo, the leading digital destination for cricket news and information around the world, ESPN has a long history covering top-level international cricket for fans in the U.S. Presenting the ICC Men’s Cricket World Cup 2023 in both English and Hindi on ESPN+ is part of our continued commitment to growing an established audience of cricket fans in the States and around the world.”

    Fox Sports managing director Steve Crawley said, “We know there is a large and passionate Australian Indian cricket community so to be able to provide the Hindi feed, powered by an expert team of commentators, during the ICC Men’s Cricket World Cup 2023 for all Indian matches plus the semi-finals and final on FOX SPORTS gives fans more choice and more ways to enjoy the action, and that’s good for cricket and good for fans.”

    Disney Star head- sports Sanjog Gupta said, ‘’The global response to Disney Star’s Hindi coverage for the ICC Men’s Cricket World Cup 2023 has been tremendous as we take the excitement of the tournament to hearts and homes of millions worldwide and deepen their engagement. The coverage in Hindi, in addition to the World Feed, not only makes it more accessible to the Indian diaspora but more importantly, galvanises the sense of belonging and deep emotional connection with Indian Cricket. The Hindi feed, with India-focussed storylines, distinctly Indian perspectives on non-India narratives, unique visuals including customised graphics and powered by an incredible line-up of talent, will significantly bolster the unifying experience of watching Cricket for Indians worldwide and hopefully deepen the sense of pride in being an Indian Cricket fan.”

    This illustrious panel of commentators includes iconic Indian cricketing figures such as Sunil Gavaskar, a 1983 World Cup winner, former India Head Coach Ravi Shastri, and members of the 2011 World Cup-winning side – Gautam Gambhir, Harbhajan Singh, and Piyush Chawla. Adding to the wealth of expertise are former India cricketers Mohammad Kaif, Irfan Pathan, and Sanjay Manjrekar, renowned for their tactical acumen in the sport. The roster also features former India women’s captain Mithali Raj, along with South Africa’s spin wizard Imran Tahir, former India cricketer Deep Dasgupta, domestic veteran Amol Muzumdar, and cricket presenter Jatin Sapru, all of whom will lend their voices and effervescent charm to the StarCast.

    Irfan Pathan, T20 World Cup winner who is part of Star Sports “StarCast” for World Cup said, “Cricket has a unique way of uniting people, and with the Hindi feed reaching Indian fans across the globe, we are not just witnessing a tournament; we are celebrating the spirit of cricket in a language that resonates with emotions. It’s a fantastic initiative that ensures every passionate Indian fan, regardless of their location, can experience the magic of the World Cup in a language that feels like home.”

    India’s Cricket World Cup Winner, Harbhajan Singh, said, “I am proud to be part of StarCast’s Hindi feed that is engaging with fans overseas during the ongoing ICC Men’s Cricket World Cup. This allows our extended family outside our country to revel the thrilling action in their preferred language.”

    India’s Cricket World Cup Winner, Gautam Gambhir, said, “I’m excited to see fans from all corners of the world coming together to celebrate this great sport in the language they love. With the Hindi feed now available globally, we are breaking barriers and ensuring that cricket enthusiasts from diverse backgrounds can enjoy all the action from the tournament together with the rest of India.”

  • Disney expects subscription decline in Disney+Hotstar in Q1 due to absence of the IPL

    Disney expects subscription decline in Disney+Hotstar in Q1 due to absence of the IPL

    Mumbai: Speaking to analysts during a conference call to announce its fourth quarter and annual results, Disney senior executive vice president & chief financial officer Christine McCarthy said that the expectation is that Disney+Hotstar subscribers will decline in Q1 of the current fiscal year due to the absence of the Twenty20 league, the IPL. The company’s expectation is that the overall DTC business will be profitable in 2024 as long as there is no meaningful shift in the economic climate. In Q4, the DTC business reached peak operating losses, which Disney expects to decline going forward.

    Disney’s share price had fallen by 10 per cent in after-hours trading after it missed earnings targets. It reported $20.15 billion in revenue growth in the fourth quarter, a nine per cent increase over the same period in the previous fiscal year. But $21.26 billion had been expected, according to Wall Street analysts. Disney’s income from operations for the quarter was $1.6 billion. This was a 55 per cent decrease from the previous quarter, but comparable to the same period the previous fiscal year.

    The company’s theme park division is rocking. It reported Q4 revenue of $7.42 billion, up 36 per cent from the same quarter in the previous fiscal year. On Disney+ subscriber net additions, it overachieved with 12.1 million versus the expected 9.35 million.

    “At Disney+ Hotstar, we are currently expecting that subscribers will decline in Q1 due to the absence of the IPL, but we do expect to see some stabilisation in Q2,” McCarthy stated. In Q4 of the recently concluded fiscal year, lower pay-per-view revenue at ESPN+ and slightly lower ad revenue at Hulu and Disney+ Hotstar also impacted direct-to-consumer revenue in the fourth quarter relative to the third quarter.

    She said that in Q4 of the recently concluded fiscal year, Hulu and ESPN+ added approximately one million and 1.5 million subscribers, respectively, during the quarter, while Disney+ added over 12 million global subscribers, of which a little less than three million were at Disney+ Hotstar. “Core Disney+ added over nine million subs in Q4, accelerating as expected versus the six million net ads we saw in the third quarter, reflecting the success of Disney+ Day and our tentpole content releases, in addition to continued growth from third quarter market launches. Nearly two million of these net ads were from the US and Canada, and a little over seven million were international Core editions,” she pointed out.

    Disney CEO Bob Chapek said that the company is exactly one month from the US launch of Disney+’s ad-supported subscription offering, which he says is a win for audiences, advertisers, and shareholders. “The launch will bring fans a new slate of subscription plans across Disney+, Hulu, ESPN+, and the Disney Bundle, giving viewers flexibility in choosing an option that suits their needs. The offering also adds a key component to our total company advertising portfolio, and advertiser interest has been strong. We have been a leader in streaming advertising for some time and are bringing our years of experience leading ad tech and relationships to this important opportunity,” he said.

    He added, “Disney+ has secured more than 100 advertisers for our domestic launch window, spanning a wide range of categories. And our company has over 8,000 existing relationships with advertisers who will have the opportunity to advertise on Disney+. Strong base pricing reflects the value advertisers place on our audience, our brand-safe environment for their messages, and our sales experience. We also have proven technology to deliver a great advertising experience on day one.”

    “And importantly, we have the ability to scale and innovate for audiences and advertisers alike. We are incredibly excited about the launch of our new ad-supported subscription offering for Disney+, which rolls out on December 8th. 2022 was an important year of recovery coming out of the pandemic, as we made foundational investments in our long-term success. As we celebrate the three-year anniversary of Disney+ this week, I can’t help but reflect upon how our commitment to and substantial investment in our DTC business has helped create the world’s most powerful suite of streaming services with the ability to reach hundreds of millions of viewers around the world with must-see content, services that aren’t just content delivery systems but platforms that bring us closer to audiences than ever before and enable consumers to access more of The Walt Disney Company’s total offering,” he brought out.

    Chapek went on to say that while DTC losses reached a peak in Q4, those losses will decline. “It has taken just three short years for Disney+ to transform from a nascent business into an industry leader. That transformation is the direct result of the strategic decision we made at launch to heavily invest in our direct-to-consumer offering, a decision made knowing that achieving rapid growth would result in short-term losses. Building a streaming powerhouse has required significant investment. And now, with scale, an incredible content pipeline, and global reach, Disney+ is well-positioned to leverage our position for long-term profitability and success.”

    He said that the company’s financial results this quarter represent a turning point as it reached peak DTC operating losses, which it expects to decline going forward. “That expectation is based on three factors: first, the benefit of both price increases and the launch of the Disney+ ad tier next month; second, a realignment of our costs, including meaningful rationalisation of our marketing spend; and third, leveraging our learnings and experience in direct-to-consumer to optimise our content slate and distribution approach to deliver a steady state of high-impact releases that efficiently drive engagement and subscriber acquisition. With these factors, we believe we are on a path to a profitable streaming business that generates shareholder value long into the future. And assuming we do not see a meaningful shift in the economic climate, we still expect Disney+ to achieve profitability in fiscal 2024, as losses begin to shrink in the first quarter of fiscal 2023.”

    International Channels

    International Channels revenues for the quarter decreased 18 per cent to $1.1 billion, and operating income decreased 18 per cent to $0.1 billion, reflecting lower operating income from channels that operated for the entire current and prior-year quarters (ongoing channels), partially offset by a benefit from channel closures.

    Lower results from ongoing channels were primarily due to a decrease in ad revenue and, to a lesser extent, higher marketing spend and an unfavourable foreign exchange impact, partially offset by lower sports programming costs. The decrease in advertising revenue was due to lower average viewership, partially offset by higher rates. The decreases in sports programming costs and average viewership were due to the non-comparability of cricket events, reflecting the impact of covid-related timing shifts. The most significant impact was on the timing of Indian Premier League cricket matches, as there were no matches in the current quarter compared to 18 matches in the prior-year quarter.

    Overall for the company Chapek noted, “2022 was a strong year for Disney, with some of its best storytelling yet, record results at the parks, experiences, and products segment, and outstanding subscriber growth at the direct-to-consumer services, which added nearly 57 million subscriptions this year for a total of more than 235 million. Our fourth quarter saw strong subscription growth with the addition of 14.6 million total subscriptions, including 12.1 million Disney+ subscribers. The rapid growth of Disney+ in just three years since launch is a direct result of our strategic decision to invest heavily in creating incredible content and rolling out the service internationally, and we expect our DTC operating losses to narrow going forward and that Disney+ will still achieve profitability in fiscal 2024, assuming we do not see a meaningful shift in the economic climate.”

    He goes on, “By realigning our costs and realising the benefits of price increases and our Disney+ ad-supported tier coming on 8 December, we believe we will be on the path to achieve a profitable streaming business that will drive continued growth and generate shareholder value long into the future. And as we embark on Disney’s second century in 2023, I am filled with optimism that this iconic company’s best days still lie ahead.”

    He added that Q4 was also the first time in Disney history that the company released tentpole original content from Disney, Marvel, Star Wars, Pixar, and National Geographic. “This is an indication that we are now at a full cadence of new releases as we hit our steady state. As evidenced, Hocus Pocus 2 was a smash hit, becoming not only the most watched premiere on Disney+, but also a Nielsen record-setting streaming movie with 2.7 billion minutes viewed in its first weekend. And Marvel Studios’ Ms. Marvel completed its run in July, and She-Hulk: Attorney at Law debuted in August, contributing to subscriber growth and driving substantial engagement.”

    He spoke about Lucasfilm’s Andor, a spy thriller that explores the backstory of Cassian Andor, a popular character from Rogue One. This, he said, earned rave reviews and showcases the company’s ability to extend stories from the big screen to streaming services. “Turning to general entertainment, the critically acclaimed Prey from 20th Century Studios was Hulu’s biggest premiere ever across all films and series and was the most watched film premiere on Star+ in Latin America and Disney+ under the Star banner in all other territories. Looking ahead, we are thrilled that audiences are returning to the box office for blockbuster films, and we have big plans for the big screen in fiscal year 2023. Black Panther: Wakanda Forever opens this Friday, and Ryan Coogler has delivered yet another culture-defining powerful film.”

    He is excited about Avatar: The Way of Water, which opens on 16 December and is the sequel to the highest grossing film of all time. “James Cameron and his team have once again created something truly magical using groundbreaking technology. The audience is as excited as we are to return to Pandora. And given the strong performance of September’s rerelease of the original Avatar, we can’t wait for the film to hit screens. Our Searchlight studio continues to deliver critically acclaimed films, and three fantastic titles will be in theatres this quarter: The Banshees of Inisherin, which has earned critical acclaim since its Venice premiere; The Menu, starring Ray Fiennes and Anya Taylor-Joy; and The Empire of Light, from Academy Award winner Sam Mendes.

    “Looking even further into 2023, we’ll see the theatrical releases of three highly anticipated Marvel films, Ant-Man and the Wasp: Quantumania, Guardians of the Galaxy Vol. 3, and The Marvels. And we could not be more excited about Disney’s live-action. The Little Mermaid, a reimagining of one of the most popular animated films of all time, stars Halle Bailey, whose rendition of Part of Your World has already lit up the internet. We’re also bringing 999 happy haunts to life with the hilarious new live-action Haunted Mansion featuring an all-star cast. Pixar will debut an all-new original feature, Elemental. And Harrison Ford is back in the eagerly awaited fifth Indiana Jones film, which is going to be spectacular.”

    In terms of the theme park business, he said that Disneyland Paris is enjoying a great resurgence. “Our fantastic new Marvel Avengers Campus opened on 20 July, and guests love the highly immersive and dynamic environment of the first ever Marvel-themed land in Europe. Prior to the recent closure of Shanghai Disney Resort, we were seeing positive momentum there and at Hong Kong Disneyland. We are hopeful that the situation will improve and are thinking of all of our employees there as we manage through the challenging covid environment. Our Disney Cruise Line is showing strong signs of recovery.”

    He explains that one of the things that guests loved most was the opportunity to celebrate at Disney’s parks, as evidenced by the post-pandemic return and sell-out of special ticketed events like Oogie Boogie Bash and Mickey’s Not-So-Scary Halloween Party. “I visited Disneyland with my family just before Halloween, and the celebration was phenomenal. Tickets for Mickey’s Very Merry Christmas Party at Walt Disney World have now officially gone on sale, and over half of all dates have already sold out. As you know, we are about to embark on the company’s 100th anniversary celebration.”

    McCarthy noted that the parks, experiences, and products segment had another stellar quarter, with DPEP operating income in the fourth quarter more than doubling versus the prior year at $1.5 billion. One thing she noted is that Disney’s parks in the US are now getting more visitors from outside the US, and the level is around the same as pre covid. “Our domestic parks delivered significant year-over-year revenue and operating income growth despite an adverse impact of approximately $65 million to segment operating income from Hurricane Ian. And per-capita spending remained strong, increasing 6% versus Q4 of fiscal 2021 and nearly 40% versus fiscal 2019, reflecting the continued popularity of premium offerings, including Genie+ and Lightning Lane.

    “We are also making meaningful progress on the return of international visitors to our domestic parks, particularly at Walt Disney World, where the mix of international attendance in the fourth quarter was roughly in line with pre-pandemic levels. Looking toward fiscal 2023, while we continue to monitor our booking trends for any macroeconomic impacts, we are still seeing robust demand at our domestic parks and are anticipating a strong holiday season in Q1. Disney Cruise Line was also a meaningful contributor to the year-over-year increase in domestic parks and experiences’ operating income in Q4, reflecting the successful launch of the Disney Wish in July and the continued recovery of the existing fleet coming out of the pandemic. To date, occupancy for the Wish continues to exceed 90 per cent, while we have also seen a meaningful pickup in the rest of our fleet, with booked revenue up versus pre-pandemic levels.

    “At international parks, fourth quarter results also improved significantly year over year, driven by continued strength at Disneyland Paris, partially offset by a decrease at Shanghai Disney Resort. As Bob mentioned, the situation in Shanghai has recently been challenging. The park is currently closed, and we do not yet have visibility to a reopening date. Q4 results at consumer products also increased versus the prior year, driven by higher merchandise licencing results across several of our key franchises, including Mickey and Friends, Encanto, and Toy Story.”

  • Disney, ESPN & Formula 1 extend relationship with new, multi-year contract

    Disney, ESPN & Formula 1 extend relationship with new, multi-year contract

    Mumbai: In the midst of what is on track to be a record-breaking season of viewership, Walt Disney Co, ESPN and Formula 1 have extended their relationship with a new, multi-year contract. This will keep F1 races on ESPN Networks in the US through the 2025 season.

    The renewal was announced at the Formula 1 Aaramco United States Grand Prix 2022 at Circuit of the Americas in Austin, Texas. This is the second of the two US stops for F1 during the 2022 season.

    Under the renewal, at least 16 races will air on ABC and ESPN each season, more than in the previous five years since F1 returned to ESPN networks in 2018. Also, all race telecasts on ABC, ESPN and ESPN2 will continue the commercial-free presentation used over the past five seasons, a format that has set ESPN’s coverage apart and proved very popular with viewers.

    The new agreement also includes expanded direct-to-consumer rights, giving ESPN flexibility to roll out additional ways for fans in the US to consume F1 content over the next three years, including on ESPN+, with details to be announced later.

    Formula 1 returned to its original US television home in 2018 – the first race ever aired in the country was on ABC in 1962. F1 races also aired on ESPN from 1984-1997.

    “Formula 1 and ESPN have been a strong and successful team and we’re delighted to extend our relationship. We look forward to serving fans in some new and innovative ways in the next three years as we continue to bring the reach and relevance of the Walt Disney Company networks and platforms to Formula 1,” said ESPN president of programming and original content Burke Magnus.

    After setting a record in 2021 for the most-viewed F1 season ever on US television with an average of 9,49,000 viewers per race, the average has moved into seven figures in 2022. Through 18 races, live F1 telecasts are averaging 1.2 million viewers on ESPN networks – with multiple events attracting race-record television audiences.

    Earlier this year, the telecast of the inaugural Miami Grand Prix on ABC generated an average viewership of 2.6 million, the largest US audience on record for a live F1 race.

    “We are delighted to announce that our partnership with ESPN will continue. Formula 1 has seen incredible growth in the United States with sold out events and record television audiences, and the addition of Las Vegas to the calendar next season, alongside Austin and Miami, will see us host three spectacular races there. The ESPN networks have played a huge part in that growth with their dedicated quality coverage. We are excited to expand our relationship and continue to bring the passion and excitement of Formula 1 to our viewers in the US together” said Formula 1 president & CEO Stefano Domenicali.

    “After Formula 1 returned to the ESPN networks five years ago, the popularity of the sport has grown impressively. The extension and expansion of our partnership is a reflection of exciting times ahead and a result of our shared desire to bring Formula 1 to as broad and diverse an audience as possible in the U.S. The popular commercial-free broadcasts ensure that viewers continue to engage with F1 before, during and after the race. From next year we will have six races in the Americas, which means more favourable time zones to fans in the region, making the Formula 1 offering more compelling than ever,” said Formula 1 director of media rights and content creation Ian Holmes.

    All race weekends will continue to include live telecasts of all three practice sessions and qualifying (including the F1 Sprint) as well as pre-race and post-race coverage. The new agreement includes an increased focus on qualifying, with more sessions airing on ESPN or ESPN2.

    ESPN Deportes will continue as the Spanish-language home of F1 in the US and ESPN’s coverage of F1 also includes a dedicated site that reports on the championship year-round.

    In addition, ESPN studio shows including SportsCenter will continue on-site coverage from races in the US, including the new event in Las Vegas for 2023, with coverage at other races potentially added. ESPN also will be creating additional ancillary programming on its platforms to support its F1 coverage over the next three years.

    During each of the five seasons that F1 has been on ESPN networks since its return, the amount of F1 content on ESPN television and digital platforms has steadily increased. This year, the Sky Sports F1 programs Ted’s Qualifying Notebook and Ted’s Race Notebook were added, airing on ESPN3 during race weekends, and the video podcast programme Unlapped began appearing on the ESPN YouTube channel.

  • Disney+ announces Alisa Bowen as its new president

    Disney+ announces Alisa Bowen as its new president

    Mumbai: Alisa Bowen has been named Disney+ president, effective immediately. In this role, Bowen will build on the flagship streaming service’s reputation as a global destination for premium content. Bowen has led global business operations for Disney’s streaming platforms, including Disney+, since its launch in 2019. In that time, Disney+ has expanded rapidly, growing its reach to 154 markets worldwide with 152.1 million total subscriptions as of the end of the third quarter of fiscal year 2022.

    Bowen will work closely with key leaders across Disney to drive continued focus on innovation, including the forthcoming launch of the ad-supported tier, as well as multi-channel promotional support for Disney+ and its robust content slate. Regional leaders for Disney+ in Canada, Europe, the Middle East, and Africa (EMEA), Asia Pacific, and Latin America will report jointly to Bowen and regional leadership. Bowen will continue to report to Michael Paull, president of Disney Media Entertainment and Distribution Direct to Consumer.

    “Alisa has been an indispensable member of our leadership team since the inception of Disney+. She possesses a rare and valuable combination of deep institutional knowledge, forward-thinking innovation, and global vision rooted in a strong focus on our consumers that is perfectly suited for this critical role, and I am confident that she will have an immediate and positive impact on the business,” said Paull.

    “Disney+ is a phenomenal growth story and has delighted fans around the world on a tremendous scale. We have a best-in-class team behind this success, and I’m excited to partner with them in this new role as we drive the next phase of Disney+ growth. Our upcoming content is incredibly exciting, and we are committed to innovation to give our fans and subscribers the best possible experience, including more choice on how they can enjoy Disney+,” said Bowen.

    Bowen is a seasoned media executive with decades of experience in product, technical, and operational leadership roles in several global media organisations. She most recently served as Disney Streaming executive VP of global business operations. She oversaw global content and business operations for the company’s direct-to-consumer video streaming businesses, Disney+, Hulu, ESPN+, and Star+. This included cross-functional leadership of the global Disney+ rollout in 154 markets worldwide.

    She joined Disney in 2017 as SVP of digital media and CTO of the company’s international operations, where she led a transformation of Disney’s channel broadcast technology, content operations, and digital publishing across EMEA, Asia Pacific, and Latin America.

    Prior to Disney, Bowen served as News Corp Australia’s CTO, where she was responsible for the digital transformation strategy, including the pivot to digital subscription business models and the launch of new digital advertising offerings. She has also held product, business operations, and general management leadership positions at major media organisations.