At Kyoorius, we’re dealing with the coronavirus situation with the seriousness it deserves.
Therefore, we’re doing what can be done remotely while keeping our followers informed on all that is happening in the world of media, advertising and marketing.
Consequently, till things improve, Melt in a Minute will change a bit.
The format will change from all video to a text-based post. A little more difficult to consume, but it’s the best we can think of under the circumstances.
All of you, stay safe.
And stay informed with posts like this one.
Top Headlines Today:
1. Walt Disney Company Reports A Loss Of $1.4 billion
The Walt Disney Company has reported a total loss of $1.4 billion across its theme parks, retail stores, TV operations and other units. While releasing their second-quarter earnings, the company said that most of the damage came from the closed theme parks. Overall revenue rose to $18 billion, up by 21% from a year ago and earnings fell by 91% to $475 million, down sharply from $5.4 billion in the year-ago period. By contrast, Disney’s streaming services are still churning a profit for the company. As noted by exchange4media, Disney Plus, which launched almost six months ago, now has more than 50 million subscribers globally.
2. Government Extends Deadline For Monthly Submission Of Issues of Newspapers
The Government of India has extended the deadline for the monthly submission of issues of newspapers under clause 13 of the Print Media Advertisement Policy. Under this policy, all newspapers, empanelled with DAVP (Directorate of Advertising and Visual Publicity), shall submit the monthly copies to the body on or before 15th of the subsequent month, failing which advertisements shall be stopped for that newspaper. The Economic Times reports that no publication will be blocked under regularity during the period of lockdown.
3. Honda Motorcyle & Scooter India Announces New Top Management For India
Honda Motor has appointed Atsushi Ogata as President, CEO & Managing Director of Honda Motorcycle & Scooter India (HSMI). The company also elevated V Sridhar (earlier GVP & Director – Manufacturing, HMSI) as the Senior Director – Purchase, HMSI. Additionally, Yadvinder Singh Guleria, senior vice president, sales and marketing and Vinay Dhingra, Senior Vice-President, General & Corporate Affairs, are now elevated to the Board of Directors, HMSI.
4. Facebook Launches New App ‘Discover’
Facebook has a new connectivity app called Discover to help those who can’t afford to get online access information on the web. As per TechCrunch, the service, allows users to visit any website in text format (no video, images, audio and other elements that eat up large amounts of data) and consume a few megabytes of internet data. This is available through mobile web and android app.
5. Pranav Harihar Sharma Moves On From Leo Burnett
Pranav Harihar Sharma, executive creative director, Leo Burnett has moved on after working with the organization for over two and a half years. According to afaqs, he is now an independent film maker and creative consultant. Prior to this, Sharma worked with Rediffusion Y&R, DDB Mudra, JWT, Linen Lintas and Grey Worlwide India.
