iWorld
Series Mania and Beta join forces to launch Seriesmakers
Mumbai: The international TV series industry event Series Mania Forum and European content powerhouse Beta Group have joined forces on Seriesmakers – a new creative initiative that will focus on feature film directors who venture into the world of series.
Eligible for this initiative are teams of director-producer and/or director-writer, who have a first or second feature film screened in an official selection of A-list film festivals and want to create a new series project.
Seriesmakers will allow ten selected teams with an idea for a TV series to participate in a tailor-made training programme focused on the development of a full pitch deck. Led by A-list directors, showrunners, writers, and producers, they will guide new series creators as they develop a series bible. “The objective is to support talents working on a new scripted series and will offer two of ten selected projects a €50,000 grant each,” said the statement.
“Television series has become a desirable destination for feature filmmakers thanks to the dramatic evolvement of the industry which has witnessed an increase in the creative and production quality of programmes in recent years,” commented Series Mania general director Laurence Herszberg. “We want to help filmmakers as they embark on this journey into a new realm of creative opportunities, and we are thrilled to be partnering with Beta who have always supported high-quality storytelling.”
At Series Mania Forum 2023, a special Jury will award two projects with a Beta Development grant of €50,000 each to further develop a pilot script and a full package. These two projects will also enjoy further support, such as script consulting and packaging offered by Beta’s content division, led by chief content officer Koby Gal Raday. The two winning teams will furthermore be invited to Series Mania’s prestigious Forum to present their projects to the industry’s most influential decision-makers, broadcasters, platforms, co-producers, and financiers.
“Beta was and is the independent European home for independent filmmakers who wish to realise their ambitious artistic visions,” stated Koby Gal Raday. “This initiative, focusing for the first time on feature film directors, will enable unique filmmakers to focus on the development of their new series in a supportive and encouraging environment.”
iWorld
Meta plans 10 per cent workforce cut amid cpush
About 8,000 roles at risk as $145 billion AI spend reshapes costs
MUMBAI: Meta is trimming people to power machines and the trade-off is getting expensive. The tech giant is preparing to lay off around 10 per cent of its workforce, impacting nearly 8,000 employees out of a total headcount of 78,000, as it ramps up spending on artificial intelligence and data centre infrastructure. The move, outlined by chief executive Mark Zuckerberg in a recent internal Q&A, reflects a broader recalibration of costs as the company doubles down on compute-heavy investments.
Zuckerberg pointed to soaring expenses in GPUs, chips and data centres as the primary drivers behind the decision, noting that increased spending in one area inevitably forces cuts in another. In this case, personnel costs are taking the hit. He also signalled a structural shift in how work is done, suggesting that advances in efficiency mean tasks once handled by large teams can now be managed by significantly smaller groups.
The changes come amid signs of internal unease. Employee sentiment has reportedly deteriorated, with data from workplace platform Blind indicating that negative posts about the company have quadrupled since 2024.
Uncertainty is likely to persist. Chief People Officer Janelle Gale has indicated that further layoffs cannot be ruled out, even as the business remains fundamentally strong. The company plans to continue reshaping teams and redeploying talent where possible, though changing priorities and competitive pressures are expected to keep cost controls tight.
Externally, Meta is also navigating macroeconomic headwinds. Zuckerberg flagged the impact of geopolitical tensions, including the US conflict with Iran, noting that rising oil prices could dampen consumer spending and, in turn, affect advertising demand still the company’s core revenue engine.
At the same time, Meta is not pulling back on ambition. The company plans to invest more than $145 billion this year, largely into AI infrastructure, while also expanding its approach to building a broader portfolio of applications rather than relying on a handful of flagship platforms.
The message is clear: as Meta races to build its AI future, it is reshaping its present, one job cut at a time.
