iWorld
Disney+ Hotstar to premiere 11-episode prequel to hit show ‘Anupama’
Mumbai: Streaming major Disney+ Hotstar has announced that it will release a 11-episode prelude to Star Plus’ hit television series “Anupama.”
The forthcoming series will see actor Rupali Ganguly reprising her popular role in the digital space. Joining her will be on-screen husband played by Sudhanshu Pandey, as well as the entire cast from the series. The episodes of the prequel will be released over 11 days exclusively on the streaming service.
“Experimenting with new formats is a norm at Disney+ Hotstar, and this vision has led to the genesis of a prequel of the audience’s favorite television show,” said head content Disney+ Hotstar and HSM entertainment network Gaurav Banerjee. “Following the response of our recent titles, and the avid fan following for Anupama, we took the opportunity to further deepen their connection with the character in an all-new format. We are confident that this exciting format will resonate well with India’s series-loving fandom and make the viewers fall in love with the character once again.”
Launched in July 2020, “Anupama” has already aired over 500 episodes. A Hindi adaptation of the popular Bengali series “Sreemoyee”, the show is centered on the life of a Gujarati homemaker.
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.
