IPL unsuprisingly makes bulk of its revenue from broadcasting rights
Jio paid almost 5000 Cr for digital streaming rights of IPL - I wonder if they actually make actual money from any of this, or is the whole thing just written off as a marketing spend?
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News Discussion on
by StarkWild
Jupiter
Looks like betting apps haven't been able to milk IPL. Their user growth has reduced, and looks like they're spending much lesser on marketing now.
Kinda sad to see that the GST implications have brought down the industry this bad. Not sure if this was good or bad :/
Ahead of IPL 2024, most fantasy gaming platforms have hit pause on huge marketing spends, and customer acquisition remains a challenge
https://inc42.com/features/ipl-blues-fantasy-gaming-platforms-apps/
News Discussion on
by ShinyDoc11
Morgan Stanley
That’s massive- 11k to be laid off @jioMart
JioMart, Reliance Retail's online shopping platform, has reportedly laid off over 1,000 employees and plans to cut 9,900 more roles.
https://techcrunch-com.cdn.ampproject.org/c/s/techcrunch.com/2023/05/22/reliance-jiomart-to-cut-11000-jobs-report-says/amp/