News:

Melt Update | 25 March | GroupM ESP: Indian sports sponsorship crossed Rs 9,500 crore in 2021 & MORE

melt, March 25, 2022

In other news, The Competition Commission of India (CCI) has ordered an investigation against Google based on complaints from the Indian Newspaper Society (INS).

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Top News:

1. GroupM ESP: Indian sports sponsorship crossed Rs 9,500 crore in 2021
According to a GroupM ESP report, the Indian sports industry grew 62% in 2021 over 2020, to clock Rs 9,5000 crore. The sports adex for TV and digital too surpassed the 2019 levels, with 6,018 crores in 2021.

2. Shashi Sinha elected as BARC India’s chairperson
Shashi Sinha (CEO, IPG Mediabrands India), has been elected as the chairperson of the Broadcast Audience Research Council (BARC) India. The announcement was made following the board meeting held on 25 March.

3. CCI orders investigation against Google
The Competition Commission of India (CCI) has ordered an investigation against Google based on complaints from the Indian Newspaper Society (INS), which alleged that the tech company has allegedly abused its dominant position with the news publishers.

4. FICCI-EY Report 2022: Advtg to Grow at 12% to Reach INR 1 trillion by 2024
According to the FICCI-EY Report 2022, the Indian Media and Entertainment sector has grown by 16.4% to INR 1.61 trillion (US$21.5 billion) in 2021, still 11% short of pre-pandemic 2019 levels.

5. Pinterest to let users share Idea Pins on other platforms
Pinterest to now allow users to share Idea Pins to other social media platforms, including Facebook, Instagram, Snapchat, and TikTok.