Top News:

1. CRISIL: Indian M&E ad revenue to grow by 14%
Advertisement (ad) revenue, which accounts for 55% of the sector’s revenue, will grow by 14% given its strong correlation with economic activity. Also, the general elections expected in mid-2024 will trigger an increase in ad spend in the last quarter of next fiscal.

2. RedSeer: India’s Digital ad spends to reach $21 bn by 2028
A recent report by RedSeer Strategy Consultants estimates digital ad spends in India to become 2.5X in next 5 years to USD 21 billion, growing at CAGR of 19-21%.

3. MIB grants licenses to two new MSOs
The Ministry of Information and Broadcasting (MIB) granted two new licenses to Multi-System Operators (MSOs), SLJ Fiber Networks Pvt. Ltd and Deepanshu Cable Network taking the total number of registered MSOs stands to 1,748.

4. Rubeena Singh joins AnyMind Group
Rubeena Singh, former country head, Josh, will be joining AnyMind Group as country manager, India and MENA. The AnyMind Group is a Singapore-headquartered technology company. Its operations span across APAC.

5. Twitter adds new updates to Community Notes & Cashtags
Twitter updates the eligibility criteria for Community Notes, which enables users to see the credibility of a piece of information circulating; along with the introduction of a new tab for the Finance topic on the platform.