News:

Melt Update | 1 Aug | ByteDance plans TikTok Music and MORE

melt, August 1, 2022

Meanwhil, Zee Media reported a consolidated net profit of Rs 4.55 crore for the first quarter ended June 2022.

Top News:

1. ByteDance plans TikTok Music
ByteDance has filed a trademark application with the US Patent and Trademark Office for ‘TikTok Music’, for “providing online non-downloadable videos, non-downloadable audio… featuring music, songs, lyrics and presentation of online music videos”.

2. Emmanuel & Joyce Shepherd Upputuru launch EFGH
Emmanuel Upputuru, former CCO, Cheil India, has turned entrepreneur again, with the launch of EFGH Brand Innovations. Partnering him at EFGH is his wife, Joyce Shepherd Upputuru.

3. Wunderman Thompson India appoints new Chief People Officer
Wunderman Thompson India has announced the appointment of Jyoti Mahendru as its new Chief People Officer. She will be responsible for enhancing the agency’s DEI, talent management, development and acquisition strategies.

4. Zee Media’s Q1 ‘23 Report: Ad Rev grows 23.7% YoY
ZMCL reported a consolidated net profit of Rs 4.55 crore for the first quarter ended June 2022. Its revenue from operations was up 8.05% to Rs 148.15 crore during the quarter under review. It stood at Rs 137.11 crore in the year-ago period.

5. Facebook introduces Music Revenue Sharing
Music Revenue Sharing is a new monetisation feature allowing creators to use authorised music from prominent artists in their Facebook videos and earn a share of in-stream ad revenue. Music Revenue Sharing is powered by Rights Manager.