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Prasar Bharati Wants A Pie Of India’s OTT Market

Public broadcaster Prasar Bharati has floated a draft tender as it looks to create its own over-the-top (OTT) streaming platform. 

“Prasar Bharati intends to design, develop, commission, operate and maintain an OTT platform for its content available and for the reach of all the citizens in India, even remotest village as well as global audience,” the public broadcaster said.

In a draft request for proposal (RFP) dated September 29, the state broadcaster sought industry feedback for the selection of bidders for ‘design, development, implementation, operations and maintenance’ of its OTT platform. 

The last date for industry players to comment on the specifications ended on October 5, as per the draft proposal. 

The open platform will aim to offer ad-supported video-on-demand (VoD) multi-screen facility for end users in up to 4K resolution. Users will be able to access the streaming platform on their mobiles or tablets to search, discover, and research content. 

Besides, it would also offer a la carte feature where users can buy channels, packages and content, including shows and cricket tournaments. Prasar Bharati aims to build a platform that is scalable up to 10 Cr users and has all security features, as is the industry norm. 

OTT App Or Messaging Platform?

A key takeaway of the draft is that the public broadcaster has sought a specific digital rights management system for the OTT platform in the draft tender. 

“The proposed OTT solution shall include Digital Right Management (DRM) which shall be a highly scalable and reliable solution…. The proposed solution for DRM, shall be globally accepted by known content providers such as HBO, SONY, CNN, ESPN, Discovery, STAR India, NGC, etc. without any hesitation,” noted the draft proposal.

DRMs are used globally by companies to track and manage access to intellectual property via  watermarks, embedded codes, among other tools. Once identified, the contentious pieces of content could then be taken down from other platforms. 

While the proposal is still at draft stage, the enforcement of content copyright could pose a new set of challenges for the public broadcaster. Offering sports content a la carte may clash with a 2017 Supreme Court ruling that reinforced the rights of the Board of Control for Cricket in India’s (BCCI) to stream cricket matches. 

However, the SC also acknowledged Section 3 of the Sports Broadcasting Signals (Mandatory Sharing with Prasar Bharati) Act, 2007 that notes that entities ought to share ‘live broadcasting signals’ of sporting events of ‘national importance’ with Prasar Bharati. 

As such, the public broadcaster’s plans to enforce content copyright infringement might run into trouble as the BCCI may not be willing to forego its digital cricketing rights if Prasar Bharati decides to stream matches for free. 

In addition, the proposed state-backed OTT platform will also offer in-app messaging which will bring it directly under the ambit of messaging apps. The Telecom Regulatory Authority of India (TRAI) recently released a consultation paper on regulating OTT messaging apps and it remains to be seen if any such prospective regulation would also be extended to the state-backed streaming platform.

In addition, telecom operators have also actively pitched for a revenue-sharing agreement with OTT platforms, largely based on the spectrum they consume. If the state-backed streaming service gathers steam and if any such revenue sharing plan is implemented, it might as well pose additional cost dimensions for Prasar Bharati. 

Among other things, Prasar Bharati also plans to offer targeted advertising on its proposed platform which will bring additional compliance burden under data protection laws. 

As industry stakeholders chime in with comments, it remains to be seen if the union government moves ahead with the plan to have a state-backed OTT platform even as established player Disney is looking to offload its India operations, including the streaming platform.

The post Prasar Bharati Wants A Pie Of India’s OTT Market appeared first on Inc42 Media.

by Sameera

Binance Responds to User Complaints Global crypto exchange Binance has announced that it will increase compensation for customers who were liquidated during the recent crypto market selloff. The move follows widespread criticism after thousands of traders suffered sudden losses due to extreme volatility earlier this month. According to internal reports, Binance will refund part of the unrealized losses to affected users through its User Protection Fund, which currently holds over $1.2 billion in reserves. The compensation applies mainly to futures traders whose positions were automatically liquidated during rapid price swings in Bitcoin and other major tokens. Bitcoin’s Price Plunge Sparks Liquidations The crypto market experienced one of its sharpest downturns in 2025, with Bitcoin (BTC) falling below $50,000 for the first time in eight months. This triggered billions in forced liquidations across major exchanges, including Binance, OKX, and Bybit. Analysts suggest that a combination of high leverage, macroeconomic uncertainty, and institutional selloffs contributed to the crash. Binance faced particular backlash for what users described as “slippage and server delays” during the event. Binance Enhances Transparency In response, Binance’s management pledged to improve system transparency and risk management mechanisms. The exchange stated it is reviewing its liquidation protocols to ensure fairer treatment of users during periods of extreme volatility. A spokesperson confirmed that Binance would also begin publishing weekly protection fund audits to reassure investors. Why It Matters for Investors Looking to Buy Bitcoin The compensation announcement comes at a crucial time for retail traders considering whether to buy Bitcoin on Binance amid renewed volatility. Analysts note that Binance’s proactive stance could restore confidence among users after months of regulatory scrutiny and market turbulence. Crypto strategist Michael Wu from Amber Group commented, “This move reinforces Binance’s commitment to customer protection. It may also attract new users who are hesitant to trade during volatile periods.” Still, experts warn that volatility remains high, and investors should exercise caution before re-entering the market. The Bigger Picture The event underscores the need for stronger investor safeguards as the crypto industry matures. Binance’s decision to compensate affected users sets a potential precedent for other exchanges facing similar backlash. Meanwhile, Bitcoin prices have started to stabilize around $52,300, with cautious optimism returning to the market. Stay ahead with the latest in crypto, startups, and financial technology on StartupNews.FYI — your source for real-time business insights and innovation updates.

by Sameera

Leadership Change at Indonesia’s Flag Carrier Indonesia’s state-owned airline Garuda Indonesia has appointed Glenny Kairupan as its new Chief Executive Officer, according to a government official cited by Reuters. The decision marks another major leadership shift for the national carrier as it continues efforts to stabilize finances and restore operational efficiency after years of restructuring. While the official announcement did not specify the reason for Kairupan’s appointment, it comes at a critical time for Garuda Indonesia, which has been navigating challenges including post-pandemic recovery, debt management, and fleet modernization. A Strategic Appointment Glenny Kairupan, an experienced aviation executive, steps into the role previously held by Irfan Setiaputra, who led the company through one of its most turbulent periods. Under Setiaputra’s leadership, Garuda Indonesia completed a complex court-led debt restructuring worth more than $9 billion, reducing the airline’s liabilities and securing new lease terms for its fleet. Kairupan is expected to continue implementing efficiency strategies while expanding Garuda’s international partnerships and improving profitability. His appointment aligns with the government’s long-term plan to enhance state enterprise governance and ensure transparency across Indonesia’s aviation sector. Challenges Ahead Despite a return to profitability earlier in 2025, Garuda Indonesia still faces significant operational hurdles. Rising fuel prices, global aviation competition, and the need for sustainable modernization remain key issues for the new CEO. The airline is also working on expanding domestic connectivity to boost tourism and regional economic development, a strategic priority under Indonesia’s national infrastructure plan. Industry analysts believe Kairupan’s leadership will be instrumental in balancing financial discipline with growth ambitions. His experience in corporate restructuring and aviation management is seen as critical to guiding Garuda through the next phase of transformation. Government Support and Public Expectations Garuda Indonesia holds symbolic importance as the nation’s flag carrier. The Ministry of State-Owned Enterprises has reiterated its commitment to supporting the airline’s stability while ensuring it remains competitive in the Southeast Asian aviation market. Kairupan’s appointment is viewed as part of a broader strategy to professionalize state-owned enterprise leadership and rebuild public confidence. Outlook With Glenny Kairupan now at the helm, the airline’s immediate focus will likely be on improving operational reliability, expanding profitable routes, and investing in digital transformation to enhance customer experience. As Indonesia’s aviation industry continues to recover, Garuda Indonesia’s success under new leadership will serve as a key indicator of how effectively the country can balance government oversight with corporate agility in a post-pandemic world. For the latest updates on aviation, business, and global leadership trends, visit StartupNews.fyi for comprehensive coverage and analysis.

by Sameera

Company to Cut Jobs Amid Strategic Consolidation Under “Servus Media” Red Bull, the Austrian beverage giant known globally for its energy drinks and sports ventures, has announced a significant restructuring of its media division, including job cuts at Servus TV and other Red Bull Media House operations. The decision, first reported by ORF Salzburg and Der Standard, marks a pivotal shift in Red Bull’s media strategy as the company aims to streamline operations under a unified brand. Red Bull Media Division Undergoes Major Reorganization According to official sources, Red Bull employs roughly 600 people across its various media activities — including Servus TV in Wals-Siezenheim (Flachgau) and the Red Bull Media House headquarters in Vienna. The company now plans to consolidate its media businesses under a new umbrella brand called “Servus Media”, leading to the elimination of about 60 positions. The restructuring aims to bring together the company’s television, digital, and publishing arms to improve efficiency and focus resources on the most profitable channels. “The goal is to create a more integrated and agile media organization,” a company spokesperson told local outlets. Leadership Overhaul and Strategic Refocus The reorganized Red Bull media unit will be managed by Dietmar Otti, alongside executives Matthias Bruegelmann, Marlene Beran, and Stefan Ebner. The new leadership team is expected to oversee the realignment of editorial direction, digital transformation efforts, and international partnerships. Servus TV, long known for its regional programming and documentaries, will continue broadcasting under the new structure. However, insiders suggest that the channel’s content strategy may shift toward more cost-effective formats, including digital-first productions. Layoffs Signal a Broader Trend in European Media The job cuts at Servus TV and Red Bull Media House come amid a wave of media industry restructurings across Europe, as companies grapple with declining ad revenues, rising production costs, and the growing dominance of streaming platforms. For Red Bull, the restructuring represents a broader shift from traditional broadcasting to digital storytelling, leveraging the brand’s massive global reach in sports, lifestyle, and entertainment. “This isn’t just about cost-cutting — it’s about repositioning for the future,” said media analyst Thomas Heigl. “Red Bull is refocusing on content that aligns more closely with its global sports and brand marketing ecosystem.” Servus TV’s Future Servus TV has been a cornerstone of Red Bull’s Austrian media presence since its launch in 2009, known for its cultural programs, documentaries, and coverage of Red Bull-sponsored events. However, as the company consolidates under Servus Media, it is expected to scale back certain local productions to reduce overlap and operational costs. While the network’s editorial independence and regional focus will likely remain, Red Bull’s new direction suggests a leaner, more digitally integrated future for the brand. Industry and Employee Reaction Reports indicate that notifications of the planned layoffs have already reached Austria’s public employment service (AMS). However, the company has not yet disclosed the exact distribution of job cuts across departments. Employee representatives have expressed concern over the reduction, urging management to ensure fair severance terms and internal …