IMDA announces new initiatives to develop creative content at Asia TV Forum 2020
The Infocomm Media Development Authority (IMDA) today announced new initiatives and capability development programmes to develop innovative content, nurture local media talent, and cultivate fresh opportunities for international collaborations. The programmes, which will further strengthen the competitiveness of Singapore’s media ecosystem, were announced by Minister for Communications...
Walt Disney announces to layoff around 32,000 workers in 2021
The Walt Disney Company has decided to lay off more 4000 workers (primarily at its theme parks), owing to the COVID-19 pandemic, making the total 32,000 from 28,000 as earlier announced. The layoffs will be in the first half of FY 2021, the House of Mouse stated...
Legendary Indian animator RL Mistry dies at 77
Indian Animation’s legendary animator and the creator of Doordarshan logo, Professor RL Mistry dies on Tuesday evening at Ahmedabad. He was 77. Known as the pioneer of the Indian animation industry, his well-known work was the design of the Doordarshan logo animation which united the whole nation....
Ministry of Information and Broadcast to ambit online news portals and content to strengthen its hold
The exponential growth of digital media in the past few years has raised the question of how online content will be regulated. For a long time, discussions were on whether to issue guidelines to regulate the exhibition of online content. Now, the government has brought online news...
Disney announces lay offs of around 28,000 theme park employees
Walt Disney Company is slashing 28,000 workers at its US theme parks. Even the Magic Kingdom can’t ward off the coronavirus. The move affects the company’s theme-park, cruise-line and retail businesses, Disney said on Tuesday. “We have made the very difficult decision to begin the process of...
Legendary comic artist KC Sivasankar passes away at 97
Legendary comic artist KC Sivasankar passed away on 29 September at the age of 97 at his Chennai residence. Well known for his illustrations in the popular children’s magazine ‘Chandamama’, especially those of the Vikram and Vetala series, Sivasankar was last of the original team of Chandamama. Born in...
Amar Chitra Katha releases a new comic book on Vikram Sarabhai
Amar Chitra Katha’s graphic biography on Vikram Sarabhai was released yesterday during a special valedictorian function held by ISRO to celebrate the centenary year of Sarabhai. The comic was launched in the presence of some esteemed speakers, including the Honourable President of India, Ram Nath Kovind. Sarabhai...
Ikea partners up with Asus’ Republic Of Gamers for developing game furnishing
Ikea and Asus’ Republic of Gamers (ROG) brand has partnered to develop a new range of gaming furniture and accessories. “Republic of Gamers (ROG) is one of the leading brands in the gaming industry, designing high quality, innovative hardware and gear for gamers. By teaming up with...
NVIDIA signs deal with SoftBank Group, acquires Arm Limited
NVIDIA and SoftBank Group Corp. (SBG) announced a definitive agreement under which NVIDIA will acquire Arm Limited from SBG and the SoftBank Vision Fund (together, “SoftBank”) in a transaction valued at $40 billion. The transaction is expected to be immediately accretive to NVIDIA’s non-GAAP gross margin and...
Commerce Minister Piyush Goyal comments that VFX and Animation Industry has huge export potential.
The CII SummitFX 2020- Global AVGC Summit took place last week and while addressing the industry representatives there, commerce and industry minister Piyush Goyal said that the animation, visual effects (VFX) and gaming industry holds huge export potential for India and the segment can add a lot...