iWorld
nexGTv and nexGTV ComedyOne app get you access to original Charlie Chaplin videos
MUMBAI: Fans of Charlie Chaplin have something to smile or rather laugh about! India’s largest subscription-led video entertainment app nexGTv and its newly launched ComedyOne – nexGTv app has announced the launch of original comedy content of all-time favourite comic legend Charlie Chaplin in the form of videos and famous scenes from his popular movies. The videos will feature scenes from his classic flicks like’ A Beautiful Sunday morning’, ‘All the Fun of The Circus’, ‘Breakfast at Hotel Evergreen’, ‘City lights Spaghetti’, ‘Home Coming’ etc, along with clips of the famous Speech from ‘The Great Dictator’ and many more. Through this endless dose of laughter, nexGTV aims to tickle your funny bone with the classic shenanigans of this evergreen comic hero.
Witnessing the shift in the preferences of Indian audiences from run-of-the-mill jokes, slapstick comedy routines, and clichéd comic situations to hard-hitting and impactful content, nexGTV will now feature premium original comedy content on its first-of-its-kind comedy app. In keeping with today’s modern viewers, this will be in the ‘snackable’ format of short videos of 4-5 minutes each.
Viewers of the nexGTV app can watch their favourite comedy star on the platform’s comedy segment whereas ComedyOne app viewers can watch the clippings and movie scenes on the ‘Video On Demand’ segment. So delay no more. Install the apps right now and get set for a laughter riot!
iWorld
Snapchat parent Snap cuts 16 per cent of workforce in AI-driven restructuring
The Snapchat parent is axing around 1,000 jobs and closing 300 open roles to save $500m, as artificial intelligence makes smaller teams the new normal
CALIFORNIA: Snap is snapping. The Snapchat parent has confirmed plans to cut around 1,000 employees, roughly 16 per cent of its full-time workforce, as it bets that artificial intelligence can do what headcount once required. Shares jumped more than 10 per cent in premarket trading on the news, a brisk vote of confidence from a market that has watched the stock shed about 31 per cent this year.
The restructuring, which also closes more than 300 open roles, follows pressure from activist investor Irenic Capital Management, which holds an economic interest of about 2.5 per cent in the company and has been loudly pushing Snap to tighten its portfolio and lift performance. The firm got what it asked for, and then some.
Chief executive Evan Spiegel told employees the cuts would reduce annualised expenses by more than $500m by the second half of the year. The company expects to incur charges of between $95m and $130m related to the layoffs, mostly severance, with the bulk landing in the second quarter. Staff in Snap’s North America team were asked to work from home on the day of the announcement.
The financial backdrop is not without bright spots. Snap expects first-quarter revenue to rise around 12 per cent to approximately $1.53 billion, broadly in line with analyst estimates. Adjusted core profit for the January to March quarter is forecast at about $233m, comfortably ahead of Wall Street’s expectation of $186.8m.
The harder question surrounds Specs, Snap’s augmented reality smart glasses subsidiary, which Irenic has urged the company to spin off or shut down entirely. The unit has absorbed more than $3.5 billion in investment and burns through approximately $500m in cash annually. Snap is pressing ahead regardless, with a consumer product expected later this year, even as Meta leads the market in the segment.
Spiegel is betting that leaner teams, smarter machines and a consumer AR play can restore Snap’s credibility with investors who have run out of patience. The redundancy notices have gone out. The harder restructuring, the one that requires a hit product rather than a headcount reduction, is still very much pending.
