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Disney+ sees smallest subscriber growth since launch in battle with Netflix

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Walt Disney Co on Wednesday reported the littlest rise in Disney+ subscriptions since it launched the streaming video service to take on Netflix Inc, missing Wall Street targets and driving shares down nearly 5% after hours. Profits from Disney’s theme park division fell well in need of analyst projections, despite the quarter being the first time all parks were open since various pandemic closures. Capacity limits remain in place. The stumble in both the theme parks and streaming divisions highlights the challenges Disney faces in the pandemic. Questions remain about how and when customers will return to public entertainment and whether that limits watching at home. Disney is banking on new programming next year to increase streaming subscribers. Theme parks will have the benefit of the US opening its borders to several vaccinated international travelers and more U.S. children getting the COVID-19 vaccine. During the just-ended quarter, Disney+ picked up 2.1 million customers, less than half the subscribers Netflix added in roughly an equivalent period. Analysts had projected Disney+ would add 10.2 million, according to Factset estimates. Speaking on a call with analysts, Chief Executive Bob Chapek stuck by the company’s previous forecast of 230 million to 260 million Disney+ subscribers by the end of fiscal 2024. Some investors aren’t convinced Disney will meet that projection, said Haris Anwar, an analyst at Investing.com. “The company seems to be hitting a roadblock when it involves subscriber growth for its streaming service,” Anwar said. “Investors feel the company could miss its target of reaching 260 million subscribers by 2024, creating doubts that its service can create a significant challenge for the market leader, Netflix.” The company previewed a wide-ranging slate of streaming programming in development. Chapek said most of the marquee titles from the Disney, Marvel and Star Wars brands would arrive on Disney+ from July to September next year. “This represents the beginning of the surge of new content shared last December,” he said. Disney also sees a chance to usher in more subscribers with new programming for preschoolers and is investing in this area, Chapek said. Disney’s streaming media division, referred to as direct to consumer, continued to lose money because the company purchased new TV shows and films, marketing and other costs. The unit reported an operating loss of $630 million in the quarter. Overall, the media company posted diluted earnings per share of 37 cents, below analyst projections of 51 cents, in line with IBES data from Refinitiv. Theme park division income reached $640 million, short of Wall Street projections of $942 million. This week, Disney is offering the first month of Disney+ for $2, down from the standard $8, and other promotions. On Friday, Disney will debut adventure movie “Jungle Cruise,” Marvel film “Shang-Chi and therefore the Legend of the Ten Rings,” a new “Home Alone” movie and a batch of other programming on streaming. Disney also missed analysts’ estimates for quarterly revenue, which rose to $18.53 billion within the fourth quarter from $14.71 billion a year earlier. Net income was $159 million, or 9 cents per share, compared with a loss of $710 million, or 39 cents per share, a year earlier. Source: Reuters

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Punjab govt. regularises jobs of 36000, hikes minimum wages

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The Punjab government has decided to regularise employment for 36,000 contractual, ad hoc, temporary and daily-wage workers. The cabinet has approved the decision ahead of the Lok Sabha elections in the presence of Chandrajit Singh Channi, the chief minister of Punjab. The draft ‘Punjab Protection and Regularisation of Contractual Employees Bill-2021’ was introduced by the state government in the new session and was also approved by the cabinet. As per the statement given by Channi, contractual staff with over 10 years of experience in the government will be regularised. With this decision, another approval was given by the cabinet to add extra deemed posts in the government. The move brings relief to several contractual and temporary wage workers who have been protesting and demanding regularisation of their employment. In another decision, the Punjab government has also approved the increment of minimum wages in the state. It has now been increased by Rs 415.89, that is, from Rs 8,776.83 to Rs 9,192.72. With this increment in minimum wages, workers will now also receive the arrears of Rs 8,251 from March 1, 2020 up to October, 2021. In December 2016, the then SAD-BJP government had also passed the Punjab Adhoc, Contractual, Daily Wage, Temporary, Work Charged and Outsourced Employees’ Welfare Bill, 2016, in a special session convened ahead of the 2017 state polls. This was meant to regularise the services of 30,000 employees of various government departments, but the same did not happen. Source: HRKatha

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Famous Actor Rajkummar Rao To Wed Patralekha In Chandigarh Today: Reports

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According to reports, actor Rajkummar Rao who has delivered many superhits in Bollywood is all set to marry his partner of 10 years. The actor has been in a relationship with actress Patralekha throughout his career. Based on reports, they will marry each other in an intimate ceremony in Chandigarh on Wednesday. According to the news published by Wion, a source spoke to a daily saying that the two will tie the knot in a small ceremony on November 10, 2021, with a few people as guests from the film industry. There has been no official announcement or confirmation from Rajkummar Rao or Patralekha so far. In an interview dated back to 2018, the actress was asked about her wedding plans to which she replied that the actors had a lot to achieve career-wise and will not likely marry one another for another 6-7 years. Rajkummar has had a stellar career in Bollywood. He has delivered many great hits and won the hearts of a global audience with his out-of-the-box acting skills. He also won the Best Actor National Award in 2014 for his performance in ‘Shahid’. The couple had featured together in Hansal Mehta’s ‘Citylights’ the same year. His recent work is ‘Hum Do Humare Do’ starring Kriti Sanon, Paresh Rawal and Ratna Pathak Shah.

Famous Actor Rajkummar Rao To Wed Patralekha In Chandigarh Today: Reports Read More »

COVID-19 Update: India recorded 11,466 new cases and 460 deaths in the last 24 hours

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As per recent data released by the Ministry of Health and Family Welfare, India has recorded 11,466 new cases of COVID-19 and 460 deaths in the last 24 hours. Out of the total cases reported today, Kerala alone is responsible for 6409 new cases and 47 deaths today. Under the Nationwide Vaccination Drive in India, 109.63 crore doses of vaccine have been administered across the country. The active cases of the virus stand at 1,39,683 which is the lowest in 264 days. As of November 9, Delhi had recorded 33 new cases of Covid-19 and zero deaths. The national capital had recorded four COVID-19 deaths in October and five deaths in September. So far in November, no deaths have been recorded in the city. Haryana too reported no new death due to the virus but did report 15 fresh cases on Tuesday, taking the tally up to 7,71,355, as per health department’s daily bulletin. Maharashtra on the other hand reported a total of 982 fresh cases and 27 fatalities on Tuesday. West Bengal too, reported a spike with a total of 788 new cases. The Union Minister of Health & Family Welfare, Dr. Mansukh Mandaviya has revealed that at present, 96 countries have agreed to mutual acceptance of vaccination certificates. The 96 countries include US, UK, Australia, Canada, Spain, France, Germany, Belgium, Russia, and Switzerland. Consecutively, people who are travelling from these countries have a few relaxations as is mentioned in the Union Health Ministry’s Guidelines on International Arrivals issued on 20th October. Source: The news has been published by the Financial Express with a few edits from the ArdorComm news network team.

COVID-19 Update: India recorded 11,466 new cases and 460 deaths in the last 24 hours Read More »

Maharashtra district mandates vaccination for civic employees

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The civic staff of the Thane Municipal Corporation are told they’ll not be paid their salaries if they fail to get fully vaccinated within the prescribed deadline. The Thane Municipal Corporation (TMC) has made vaccination a mandate for its civic staff. In a meeting held by the TMC officials on November 8, which was also attended by Vipin Sharma, Commissioner, TMC and Naresh Mhaske, Mayor. After the meeting, it had been decided that civic employees who have yet to receive their first jab of the COVID vaccine won’t be given their salaries if they do not get vaccinated as soon as possible. Not just that, even those who have received their first dose of the vaccination but fail to get their second dose within the prescribed timeline won’t receive their salaries. It is a clear message from the officials that all civic staff will need to get fully vaccinated at any cost. In a statement given to the media, Sharma said that the TMC has taken this decision to encourage vaccination drive in the district and ensure 100 per cent vaccination. On November 9, the Thane district formed 167 teams of nurses and ASHA workers to assist in collecting data on what number people have been vaccinated, by going door to door. Mhaske also revealed to the media that they are taking help from universities and schools to spread awareness about getting vaccinated at any cost. Earlier in the week, even in Nagpur, R Vimala, the district collector, issued orders that unvaccinated civic employees won’t be allowed to enter the govt. offices and can be deprived of other medical and health benefits as well. Source: oneindia

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BJP’s big charge on Kejriwal govt. as politics over toxic Yamuna galore

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Images of Chhath devotees bathing in toxic foam floating in Yamuna river in Delhi has triggered a full-scale war of words between the Bharatiya Janata Party and the ruling Aam Aadmi Party (AAP). The BJP has alleged that the Arvind Kejriwal government has received crores to clean the river, however, the money has apparently been used by the city government in promoting itself through advertisement. Amit Malviya, in-charge of BJP’s national information and technology department, on Wednesday, tweeted a copy of a letter dated July 1, 2021, from Jal Shakti Minister Gajendra Singh Shekhawat to Delhi CM Arvind Kejriwal that talked about Centre granting over Rs 2,000 crore to the Delhi government for cleaning of Yamuna. “The central government has provided Arvind Kejriwal 2,419 crore rupees so far for cleaning the Yamuna. Let alone clean, Yamuna is dirtier than ever before. Where did all the money go? Has Arvind Kejriwal spent all the money in putting out more ads just to promote himself? Shame” Malviya said in his tweet. On Tuesday, Shekhawat said, “Both Kejriwal and the Delhi government are running away from their responsibility of cleaning the Yamuna river. It is unfortunate that rather than cleaning the river, they are asking women not to celebrate Chhath (on its banks). Kejriwal is disrespecting the voters of Delhi.” In an apparent attempt to dodge questions over the polluted Yamuna, Delhi Water Minister Satyendar Jain said the BJP and the Congress did nothing to save the Yamuna in 75 years. Jain asserted that AAP will keep its promise of cleaning the river by the end of 2024. “Before elections, we said we will clean the Yamuna by 2024. The work got delayed due to the coronavirus pandemic but we stand firm on our promise. The Yamuna did not become ‘maili’ (polluted) today. It has been like this for 75 years. The BJP and the Congress were in power in Delhi, but they did nothing to clean the river,” Jain alleged. Facing intense criticism over frothing Yamuna during Chhath Puja, the Delhi government deployed 15 boats to remove the toxic foam with the help of ropes. Frothing in certain stretches of the Yamuna river, such as near ITO and Okhla Barrage, has become an annual phenomenon now in winters when the temperatures are low and flow in the river less. Source: IndiaTV

BJP’s big charge on Kejriwal govt. as politics over toxic Yamuna galore Read More »

India could ship vaccines to COVAX in a few weeks, say sources

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India could resume deliveries of COVID-19 shots to global vaccine-sharing platform COVAX in a few weeks for the first time since April, said two health industry sources, ending a suspension of supplies that has hurt poor countries. The World Health Organization (WHO), which co-leads COVAX, has been urging India to restart supplies for the programme, especially after it sent about 4 million doses to its neighbours and partners in October. Based on an off-the-cuff approval from India, COVAX officials have started planning allocations of the Covishield shot for various countries, said one among the sources, both of whom declining to be identified pending a final agreement. Covishield is a licensed version of the AstraZeneca (AZN.L) shot made by the Serum Institute of India (SII), the world’s biggest vaccine maker. SII has nearly quadrupled its output of Covishield to up to 240 million doses a month since April, when India stopped all exports so as to inoculate its own people during a surge of cases. “There will need to be purchase orders confirmed to SII, labelling and packing, export authorisation granted for each of these shipments,” said the source. “So, the first deliveries, assuming the Indian government grants export authorisation, won’t happen until a few weeks from now.” SII, the health ministry and also the WHO didn’t immediately reply to requests for comment. Earlier in the day, the Ministry has said in a statement that Indian states had over 159 million unutilised doses of varied vaccines, as inoculations have slowed after 79% of the country’s 944 million adults got one dose and 37% got two doses. WHO chief Tedros Adhanom Ghebreyesus said on Friday that COVAX had the money and the contracts to buy vaccines for low-income countries but “manufacturers have not played their part”. COVAX in September cut its 2021 delivery target by nearly 30% to 1.425 billion doses. Source: Reuters

India could ship vaccines to COVAX in a few weeks, say sources Read More »

Government employees at this point not bound to fly Air India

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The Centre has finished Air India’s monopoly over flying millions of government employees after its privatization, however, a large part of the employees’ ticketing requirements will now be handled by three public sector companies. Under the new framework, government officials can purchase Air India tickets in real money or decide to book some other Indian airlines through the three public area organizations that are probably going to procure office commissions and tagging charges from the enormous pool of government employees, assessed to run into a few millions. On November 2, department of investment and public asset management secretary Tuhin Kanta Panda said it won’t be mandatory for government employees to go in Air India after its privatization. Air India, as well, has quit offering them the credit facility for acquisition of air tickets, inciting the money service to request that all services clear the airlines’ dues. The old framework required government employees to book with the previous public transporter in areas it overhauled. “For different spots, where there were no Air India [flights] or its auxiliaries, we needed to take earlier consent for purchasing tickets,” said a senior official, who didn’t wish to be named. Be that as it may, while Air India has lost an enormous hostage client base, three PSUs, Balmer Lawrie, Ashoka Travels and Indian Railway Catering and Tourism Corporation (IRCTC) get to do all ticket reserving for government employees. Balmer Lawrie, an organization under the petrol service, gives coordination support and a large group of other business while Ashoka Travels and Tours Ltd is under the government’s catering arm India Tourism Development Corporation (ITDC). The third element, IRCTC works a movement entrance, gives ticket booking and obliging Indian Railways. Both IRCTC and Balmer Lawrie are recorded organizations. India has eight airlines serving in different areas separated from some provincial transporters that are basically centred around certain courses under the government’s Udaan conspire. Aside from Air India, Vistara, Air Asia, Spice Jet, Go First, Indigo and Air India express and Alliance Air are working in the country. A circular of the Lok Sabha secretariat dated November 5, said, “All the officers are thereby requested to purchase air tickets in cash from Air India/Indian Airlines counter or from three agents, i.e. Balmer Lawrie and Co. Ashoka Travels and Tours Ltd and IRCTC, authorised by the ministry of finance for the official journeys to be performed.” The Lok Sabha circular, referring to the General Finance Rules, additionally let officials know that all air ticket bills should be submitted inside the specified period. “Henceforth, no request to honour the TA/DA claim after the stipulated time limit shall be entertained in any case,” it added. The Union government offered ailing Air India to Tata Sons last month after a few failed endeavours and expansion of cut-off times. Tata Sons purchased the national carrier for ₹18,000 crore in a deal that will no longer see hefty bailout packages for the carrier that was widely seen as a burden on tax revenue and government intervention in an otherwise competitive market. Source: Hindustan Times

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Sooryavanshi Box Office Day 3: Rohit Shetty’s film registers highest Post-Covid opening.

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Akshay Kumar and Katrina Kaif-starrer Sooryavanshi gave Bollywood a noteworthy rebound in the cinema world by gathering ₹77 crore on its initial end of the week. The Rohit Shetty directorial became the first big-budget film to release after theatres reopened in Maharastra post the second Covid-19 lockdown. Trade analyst Taran Adarsh took to Twitter and wrote, “#Sooryavanshi brings joy, hope, confidence, optimism back… Emerges a #Diwali gift for the industry… RUNS RIOT at #BO on Day 3… Proves *yet again*: Well-made entertainers will NEVER go out of fashion… Fri 26.29 cr, Sat 23.85 cr, Sun 26.94 cr. Total: ₹77.08 cr. #India biz.” According to a Box Office India report, Sooryavanshi has recorded good collections overseas as well. The box office collection is expected to be around $3 million (₹22.50 crore) with the US and Canada contributing $1.35m gross. The international collections, however, are lower than his previous releases such as Good Newwz ($1.49 million) or Mission Mangal at ($1.36 million). Earlier this year, films such as BellBottom, Roohi, Mumbai Saga and Thalaivii were released. Marvel also rolled out Shang-Chi and the Legend of the Ten Rings. However, they couldn’t surpass the ₹15 crore mark on its opening weekend. Sooryanshi clashed with Marvel Studios’ latest MCU film Eternals. The film, directed by Chloé Zhao, collected ₹23 crore in its opening weekend. “#Eternals STAYS STRONG, despite two major opponents [#Sooryavanshi, #Annaatthe]… The hugely popular #Marvel brand cements its status in #India with this one… Fri 7.35 cr, Sat 5.75 cr, Sun 6.05 cr. Total: ₹19.15 cr Nett BOC. #India biz. ALL versions. Gross BOC: ₹22.80 cr,” Taran tweeted earlier in the day.

Sooryavanshi Box Office Day 3: Rohit Shetty’s film registers highest Post-Covid opening. Read More »

UK’s Wellington College to open its first school in Pune

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UK’s Wellington College International and India’s Unison Group have entered a partnership to open premium schools in India. The college had announced this partnership last month. The schools will share the values, ethos, enduring quality and ambition of Wellington College, while combining the very best of British and Indian education, Wellington College said in an official statement. “The long-term strategy is to open a group of schools across India. The first school will open in Pune (opening 2023) and a second to be confirmed soon. We are looking to grow the number of schools, but at a pace where we can ensure the quality and exclusivity (rather than quantity) of provision,” said Anuj Aggarwal, Co-Founder, Unison Education Foundation. “Wellington College International Pune will provide an alternative to the current schools in Pune. Wellington’s focus will be on delivering all-round excellence,” Aggarwal said. Wellington College International (WCI) Pune will be a coeducational day and boarding school for ages 2-18 years with a student strength of around 800. There are currently six schools in the WCI family of schools, with two outstanding partners in China and Thailand serving over 5,000 students. Each school is a recognised leader in its region and delivers world class academic results and university placements, including Oxbridge and Ivy League. Unison Group is a premium education provider in India with four education institutions in Dehradun and Delhi NCR, including Unison World School, one of India’s leading girls’ boarding schools. Unison Group institutions are known for their quality and academic rigour. “We see this as a wonderful opportunity for the students in India to attain a Wellington College education in their home country and go on to access the top universities of the world,” mentioned Mr. Aggarwal WCI is an international schools’ group. It is a subsidiary of the Wellington College, founded under the British Royal Charter in 1853, and a leading UK day and boarding school. Source: PTI

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