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Planetcast forays into OTT segment

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Mumbai: Planetcast Media Services Limited (formerly Essel Shyam Communication Limited) today announced its foray into OTT segment by introducing its OTT solution targeted towards existing broadcasters and non-TV content owners. Planetcast OTT is a new, turnkey OTT solution for media companies, publishers and content creators to build advanced OTT app and web based entertainment ecosystem and deploy it in a highly cost effective manner.

Planetcast OTT solution is aimed towards exponential increase in ROI for broadcasters, media companies, video content owners and publishers who wants to take their content over the top. Planetcast OTT empowers the customers to quickly launch, manage and monetize new OTT offerings.

Planetcast, with its OTT solution will break the glass ceiling which prevents passionate media companies and content owners from making OTT market entry due to the high cost attached to it. An out of the box solution, it enables the customers to deploy premium OTT experience within the time limit and within their budget. Planetcast OTT solution will have a simplistic interface which does not require engineers to manage or build services, Planetcast is very clear about OTT product offering, its to make customer’s life simple and hassle free.

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Commenting on the occasion, M.N Vyas, Executive Director, Planetcast said “Indian market is responding positively towards OTT services and media companies are highly optimistic about tapping into the fast growing opportunity OTT offers. Media companies were not able to do so due to high cost and ambiguity in the market, Planetcast OTT solution will put an end to all this as it will enable the media companies to launch quick, cost effective and easy to manage OTT services across all connected devices.”

Commenting on the occasion, Sanjay Duda, Chief Marketing Officer, Planetcast said “The global OTT market is projected to surpass $64.9 billion by 2021 , its too big a business not to be done. Media companies and content owners can increase their business exponentially through OTT offerings and I am confident that they will find a like minded partner in Planetcast. Our solution is cost effective, easy to deploy and easy to manage. Our two decades of successful broadcast industry operations is the biggest differentiating factor behind Planetcast OTT solution.”

Planetcast will give a sneak peek into its OTT solution at Broadcast India 2016, Mumbai, booth number B-212-1. The product will be available in December 2016.

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KPMG fines partner for using AI in internal AI exam

Partner fined A$10,000 after uploading training material to AI tool

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AUSTRALIA: According to an Australian Financial Review report, a partner at KPMG Australia has been fined A$10,000 ($7,000) for using artificial intelligence tools to cheat on an internal training exam focused on AI itself, underscoring the growing challenges professional services firms face as staff adopt the technology.

The unnamed partner was required to retake the assessment after uploading training material into an AI platform to generate answers. KPMG said more than two dozen employees had been caught misusing AI in internal exams during the current financial year.

KPMG Australia chief executive Andrew Yates, said the firm was struggling to keep pace with the rapid uptake of AI. “Given the everyday use of these tools, some people breach our policy. We take it seriously when they do,” he said, adding that the firm was reviewing safeguards under its self-reporting regime.

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The incident adds to broader concerns across the accounting profession. The Association of Chartered Certified Accountants last year scrapped remote examinations, citing the growing sophistication of cheating systems. All four Big Four firms have faced penalties linked to cheating scandals across multiple jurisdictions in recent years.

KPMG said it has adopted measures to detect AI misuse and will disclose the number of breaches in its annual results. 

The case surfaced during a Senate inquiry into industry governance, where Greens senator Barbara Pocock criticised the lack of tougher consequences. Australia’s corporate regulator, the Australian Securities and Investments Commission, said it would not intervene unless disciplinary proceedings were initiated by the profession’s trade bodies.

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