Wrestlemania and all the flagship WWE shows now have a different home. Starting April 1, all WWE programming will be live on Netflix in India. More details: https://t.co/snalhmooRF https://t.co/DikKcU3QIh
A report on California's creative economy finds entertainment jobs in 2024 were 25% below 2022; LA County's 2024 shooting days fell 42% compared to 2022 (@bymattstevens / New York Times) https://t.co/ZW97AcQFAD https://t.co/OPJuGoiZr4
#India’s media and #Entertainment industry generated approximately ₹2.5 trn in revenue in 2024, expanding at a relatively modest 3.3% yoy, even as it underwent a “rapid transformation”. https://t.co/ST1qg7LG9C https://t.co/CAJQL9srLD
The California entertainment industry is facing challenges as it seeks solutions to a production exodus, which actor Rob Lowe has described as 'criminal.' A recent report highlights that employment and production levels in Hollywood remain below pre-pandemic peaks, indicating a potential shift to a 'new normal.' Job losses in Hollywood, exacerbated by strikes in 2023, have left many industry workers unemployed for extended periods. In India, the media and entertainment sector generated approximately ₹2.5 trillion in revenue in 2024, growing at a modest rate of 3.3%, down from 8.3% in 2023. Digital platforms are becoming increasingly important, with Netflix and WWE planning to leverage India's passion for drama to drive growth. WWE content is set to debut on Netflix in India on April 1, aiming to expand its audience amid rising competition. However, the entertainment sector is also experiencing a slowdown in animation and visual effects, which is impacting overall growth.