iWorld
ZASH set to acquire remaining 20 % stake in TikTok rival Lomotif
Mumbai: ZASH Global Media and Entertainment on Thursday announced it has agreed to acquire the remaining 20 per cent stake in the video-sharing platform, Lomotif. In February, ZASH entered into a definitive agreement to acquire a majority controlling interest in Lomotif.
The global expansion of Lomotif is currently underway in India, the world’s second-largest market, and a country where competitor TikTok is banned. With the number of social media users in India expected to be nearly 450 million in 2023, the penetration into the Indian market is a major focus for Lomotif and the parent company ZASH.
Speaking about its strategic business move, ZASH’s co-founder Ted Farnsworth said, “We believe very strongly in the user-generated contact space (UGC) and it is a great honor for us to be able to purchase the remaining shares of Lomotif. With the growth that we have seen recently and continue to see overall in UGC, we feel that this is the perfect positioning to become one of the top leaders competing with TikTok and others for Vinco and Zash as the completion of our two company’s merger becomes imminent.”
The addition of Lomotif enhances ZASH’s offering by adding a short-form video component to its overall ecosystem. Lomotif has recently introduced a new format for talent discovery titled “You’ve Been Scouted,” which invites users to compete in a global competition to crown the platform’s top music performer and reward them with a record label deal and album produced by Grammy Award winning, multi-platinum mega producer Teddy Riley. The launch proved to be a success achieving over one million downloads in the first 30 days alone, said the company.
iWorld
JioStar revenue hits Rs 9,784 crore as cricket fuels 22 per cent growth
A surge in digital viewership and sports dominance fuels a blockbuster quarter for the media giant
MUMBAI: JioStar is batting on a flat pitch. The media titan’s fourth-quarter results for the financial year 2026 reveal a business scaling new heights, propelled by an unprecedented appetite for premium sports and digital-first storytelling.
Gross revenue for the quarter soared by 22.15 per cent to Rs 9,784 crore, up from Rs 8,010 crore in the third quarter. Operationally, the momentum was equally strong; revenue from operations climbed 21 per cent to Rs 8,372 crore. These figures underscore the firm’s successful integration following the Reliance and Disney merger, creating a dominant force in the Indian market.
The annual performance has been nothing short of a spectacle. Full-year gross revenue reached a massive Rs 36,248 crore, while annual profit after tax hit Rs 3,210 crore. This rapid expansion reflects JioStar’s ability to capture and monetise the massive growth in India’s media consumption.
Cricket proved to be the ultimate growth engine. The ICC Men’s T20 World Cup 2026 and TATA IPL 2026 delivered “record-breaking viewership” across both television and digital screens. The World Cup final alone drew a global peak concurrency of 72.5 million on JioHotstar, cementing its status as the nation’s premier streaming destination. On television, JioStar maintained a commanding 34.2 per cent viewership share, reaching a staggering 810 million viewers nationwide.
The digital numbers were just as impressive. JioHotstar averaged 500 million monthly active users, driven by consistent subscriber growth and innovative AI-led content discovery tools. These advancements are ensuring that JioStar remains at the cutting edge of the global “Race for Attention.”
With a firm grip on the country’s most valuable sporting rights and a rapidly growing digital footprint, JioStar is perfectly positioned for the future. It has built the ultimate content powerhouse—one that is ready to dominate the Indian living room for years to come.
