iWorld
Vibrant Indian policy-making will ensure non-discrimination: Netflix APAC MD
NEW DELHI: Netflix is not only upbeat on the Indian market, but feels the vibrancy in policy-making process here will ensure non-discriminatory access to the Internet for all.
Pointing out that India is a place where many innovations are being witnessed, Netflix APAC managing director Yu-Chuang Kuek said that regulatory organisations (like TRAI) should take a wholistic view on issues like net neutrality and nuance the policies in such a way so as “not to stifle innovations.”
Speaking as a panellist at a session on `The Future of Entertainment’ at ORF-organised `CyFy 2016: Digital Asia Scripting the New Governance Order’ here on Thursday, Kuek suggested Indian policy-makers should flesh out a policy after looking at all issues.
Telecom Regulatory Authority of India (TRAI), the broadcast and telecoms regulator, is in the process of coming out with a set of guidelines for OTT services and net neutrality issue after lengthy debates with stakeholders. A section of the entertainment and telecoms industry in India has been lobbying hard to regulate mushrooming OTT services that have been claiming a growing subscriber base despite challenges of inadequate bandwidth and high cost of data.
As to whether challenges of possible over-regulation (by TRAI), slow internet speed and high cost of data could pose a problem for the growth of OTT services like Netflix in India, Kuek emphasised that he’s much “heartened” by the ongoing “vibrant discussion” on net neutrality.
He, along with another panellists, went on to clarify that regulations need to be “principled and technology-based” without “overreaching” as restrictive regulations were not good for the industry as a whole.
Holding forth on Asian and global trends, the Singapore-based Kuek said that “entertainment and video consumption online is irreversible” and it becomes the “first point of contact for Internet adoption.” He added: “There has been an annual growth of 22 per cent in data consumption in Asia.”
According to another panellist, Santa Clara University Associate Professor of Communication Rohit Chopra, the lines between entertainment and news have blurred (in the US) and the second wave of Internet has caused India to “jumpstart” to this trend.
iWorld
Tips Music CEO Hari Nair to step down
Girish Taurani and Sushant Dalmia to jointly steer the company as the hunt for a new chief begins
MUMBAI: A leadership shuffle is under way at Tips Music. Hari Nair, the company’s chief executive, will step down on April 30 as the music label begins the search for a successor.
The company said Girish Taurani, executive director, and Sushant Dalmia, chief financial officer, will jointly oversee operations during the transition while the board identifies a permanent replacement.
Nair joined Tips Music in 2023 and set about reshaping the veteran music label into a more digital, data-led enterprise. During his tenure, the company secured licensing and partnership deals with global platforms including Sony Music Publishing and TikTok, while renewing agreements with Warner Music Group.
Drawing on earlier experience in technology and entertainment, including a stint at ByteDance, Nair pushed the organisation towards a performance-driven culture. He built a brand partnerships division and introduced proprietary software systems aimed at strengthening digital distribution and data capabilities.
Kumar Taurani, chairman and managing director, credited Nair with embedding a data-led culture within the company and driving revenue growth in line with shareholder commitments.
In his resignation note, Nair said that after helping transition the label into a modern, digitally focused and process-driven organisation, the time had come to pursue his next leadership challenge.
The leadership change comes as the broader Tips Films group shows signs of financial stabilisation. In the third quarter of FY26 the company reported a net loss of Rs 2.86 crore, narrowing sharply from Rs 14.2 crore in the previous quarter. For the nine months ended December, losses stood at Rs 12.37 crore.
Yet revenue told a more volatile story. Income from operations slid to Rs 4 crore in Q3 FY26 from Rs 56 crore in the preceding quarter, taking total operating income to Rs 4.56 crore.
For a company built on a catalogue of more than 34,000 tracks and decades of Bollywood hits, the next chief will inherit both a digital engine and a volatile music market. The playlist may be familiar, but the next act at Tips Music is only just beginning.
