iWorld
Movie Studio Inc acquires BINGE Networks
MUMBAI: The Movie Studio Inc., a vertically integrated motion picture production company, has executed a memorandum of understanding to acquire BINGE Networks, LLC. Both parties are conducting due diligence and in the near future seek to complete their transaction and enter into a Letter of Intent (LOI).
BINGE Networks is an award-winning streaming media platform, recipient of the Most Innovative Media Content Monetizing & Streaming Platform CV-Magazine-USA 2019 and New York 2019 Award Programing. The BINGE App is built into over 100 smart TV networks, providing the ability to globally and instantly syndicate and monetise content through key strategic partnerships throughout the streaming media industry. The company offers five core revenue streams: streaming packages, subscription video on demand (SVOD), advertiser video on demand (AVOD), transactional video on demand (TVOD) and platform syndication.
BINGE Networks’ operations and assets are synergistic to The Movie Studio’s growth-by-acquisition business model, in which the company aims to secure a leading market position based on ad streaming measurements and big data analytic trends vying for uptick viewership.
With the fast-growing OTT industry projecting revenues of US $78.2 billion by 2023, BINGE Networks has the potential to help The Movie Studio achieve its goal, leveraging the company’s ability to provide streamers a competitive edge by offering a single hub that enables multiple ways for content creators to earn revenues and establish relationships with many different networks.
BINGE Networks distributes entertainment content for AVOD digital delivery on over 100 OTT platforms. Major revenue distribution partners are Roku TV, Tiki Live, Video Elephant, Glewd TV, Daily Motion, Endavo, Apple TV, Google Play Store, Amazon Fire and Android App Store, among others.
The company’s streaming media platforms are Roku, Apple and Amazon apps, which are combined with strategic partners to bring BINGE TV content to over 100 smart TV networks. Its content library contains approximately 15,000 videos and 300 indie films and powers 46 apps on Roku and 77 on Amazon Fire. New ones are added almost daily on Amazon Fire and 125 live channels that comprise the video library.
Using a defined marketing strategy, The Movie Studio intends to vertically integrate the assets and infrastructure of BINGE Networks with the Company’s current OTT and app for dissemination of The Movie Studio content and cross-pollination of the advertisers and strategic partners.
The Movie Studio is establishing its own OTT VOD platform to integrate its own, as well as aggregated, feature film projects, television programming
and other media intellectual properties.
Ongoing streaming wars are allowing small competitors like The Movie Studio to capitalize on creatively designed digital business models. The company actively implements a “growth-by-acquisition” strategy that calls for significant purchases, resolution upgrades and remonetizing initiatives.
iWorld
Meta plans 8,000 layoffs in new AI-led restructuring wave
First phase from May 20 may cut 10 per cent workforce amid AI pivot.
MUMBAI: At Meta, the future may be artificial but the cuts are very real. The social media giant is reportedly preparing a fresh round of layoffs, with an initial wave expected to impact around 8,000 employees as it doubles down on its artificial intelligence ambitions. According to a Reuters report, the first phase of job cuts is slated to begin on May 20, targeting roughly 10 per cent of Meta’s global workforce. With nearly 79,000 employees on its rolls as of December 31, the move marks one of the company’s most significant workforce reductions in recent years.
And this may only be the beginning. Sources indicate that additional layoffs are being planned for the second half of the year, although the scale and timing remain fluid, likely to be shaped by how Meta’s AI capabilities evolve in the coming months. Earlier reports had suggested that total cuts in 2026 could reach 20 per cent or more of its workforce.
The restructuring comes as chief executive Mark Zuckerberg continues to steer the company towards an AI-first operating model, committing hundreds of billions of dollars to the transition. Internally, this shift is already visible: teams within Reality Labs have been reorganised, engineers have been moved into a newly formed Applied AI unit, and a Meta Small Business division has been created to align with broader structural changes.
The trend is hardly isolated. Across the tech sector, companies are trimming headcount while investing aggressively in automation. Amazon, for instance, has reportedly cut around 30,000 corporate roles nearly 10 per cent of its white-collar workforce citing efficiency gains driven by AI. Data from Layoffs.fyi shows over 73,000 tech employees have already lost jobs this year, compared with 153,000 in all of 2024.
For Meta, the move echoes its earlier “year of efficiency” in 2022–23, when about 21,000 roles were eliminated amid slowing growth and market pressures. This time, however, the backdrop is different. The company is financially stronger, generating over $200 billion in revenue and $60 billion in profit last year, with shares up 3.68 per cent year-to-date though still below last summer’s peak.
That contrast underlines the shift underway. These layoffs are less about survival and more about reinvention. As Meta restructures itself around AI from autonomous coding agents to advanced machine learning systems, the question is no longer whether the company will change, but how many roles will be left unchanged when it does.
