Disney plans to release Mulan on its Disney+ streaming site this year and launch a new streaming service outside the US next year as it tries to build on its early streaming success.
The new service will operate under the Star brand and stream a wider variety of content than Disney+.
Disney+ has already attracted 60.5 million subscribers.
But the media giant reported enormous losses due to the pandemic as its theme parks closed.
Disney lost $4.7bn (£3.6bn) in the three months to 27 June, as the virus forced it to close theme parks and delay film releases and production.
That was down from nearly $1.8bn profit in the same period last year.
It said the pandemic was responsible for a $3bn hit to its operating income - mostly due to the disruption to its theme parks, where revenues plunged 85% compared to 2019, chief financial officer Christine McCarthy said.
Overall revenue fell 42% compared with last year to $11.8bn.
As it grapples with coronavirus disruption, the firm is forging ahead with its streaming ambitions, as it tries to position itself as a rival to Netflix, Amazon and other streaming sites.
Jul 31, 2020
London's Royal College of Art Exhibits Works of Indian Artists in a Virtual Show
Royal College of Art (RCA) just opened its graduate exhibition online as various colleges are now shifting to the virtual platform amid the coronavirus pandemic.
RCA's graduate exhibition is known to kickstarting the careers of designers, architects and artists who later became popular worldwide. The alumni include Sir James Dyson the inventor and industrial designer, David Hockney the influential artist, along with India's Pradip Bose the Vice President Global Design at Tata Motors, Sandeep Ashwath the Associate Dean at Srishti Institute of Art, Design and Technology, and Geeta Kupur the well-known art critic, historian and curator.
Visitors to the online graduate show this year will witness the works of 850 students from around the world, which you could have earlier enjoyed only if you were in London. Visitors can now also discover a collection of graduate work by leading artists like Sir Jony Ive, RCA Chancellor and Apple Designer, and India's Sandhini Poddar, Art Historian & Consulting Curator for Guggenheim Abu Dhabi.
Among other talented Indian artists and designers who will showcase their works are Rashmi Bidasaria from Mumbai (MA Design Products), Kaushikee Gupta from Assam (MA Contemporary Art Practice), Deepak Kathait from New Delhi (MA Photography), Shardul Shekhar from New Delhi (MA Painting), Saumya Singhal from Mumbai (MA Service Design), Aarushi Kalra from Delhi (MA Interior Design), and Avirukh Roy from Kolkata (MA Intelligent Mobility).
UK Government Announces Details of its £1.5bn Funding Support Package for the Arts
The UK government announced details of its emergency £1.5bn funding package for the arts and culture sector. From next week, organisations can apply for £880m in grants as part of the Culture Recovery Fund overseen by the Department for Digital, Culture, Media and Sport (DCMS). In the first round, £622m will be distributed; the remaining £258m will be reserved for a second round later in the financial year. The information comes after a parliamentary report said that the support package, known as the Culture Recovery Fund, comes "too little, too late" for the country's creative industries.
Arts Council England (ACE) will distribute £500m of the funding, supporting museums and theatres, as well as music and comedy venues. The British Film Institute, Historic England and the National Lottery Heritage Fund will also allocate grants. More than £270m will also be available as "repayable finance" (loans); all ACE awards over £3m will fall into this category.
Jul 21, 2020
Indian Performing Rights Society Signs Music Licensing Deal with Facebook
The Indian Performing Rights Society Ltd (IPRS) has reached an agreement with social media giant Facebook to license its music repertoire for video and other social experiences across Facebook and Instagram. People will now be able to choose music from the IPRS repertoire of several songs, to add to their own videos that they share on Facebook and Instagram, as well as other social features like music stickers on stories.
The IPRS is a representative body of authors and owners, which include composers, lyricists, and owner publishers of music. It is authorized under the Copyright Act, 1957 to carry on the business and granting of licenses in respect of literary works and musical works assigned to it by its members as well as collect and distribute authors' statutory royalties, for the exploitation of these works either by way of live performances and/or sound recordings through any medium except when exhibited as a part of a cinematograph film shown in a cinema hall.
The deal with Facebook will cover licensing and royalties whenever music represented by the IPRS is used on Facebook and Instagram. The association will help artistes and members of IPRS get their music compositions out to people across the country, given the large and thriving communities on Facebook and Instagram in India.
Jul 18, 2020
Mystery behind Cleopatra's Tomb
The mystery behind Egyptian queen Cleopatra's tomb is immense because nobody appears to know where she was buried. However, archeologists in Egypt are in all probability, close to cracking the code with respect to Cleopatra's burial after two mummies of high-status individuals, who lived in her era, have been discovered at Taposiris Magna - a temple on the Nile delta.
This finding is nothing short of sensational as it could lead archeologists to solve the mystery behind Cleopatra's tomb.
Jul 11, 2020
Flipkart Signs MoU with Karnataka Govt. to Promote Local Art, Craft and Handlooms
Homegrown e-commerce marketplace Flipkart signed a MoU with Karnataka MSME and Mines department to promote the states arts, crafts and handloom sectors by bringing them on to e-commerce and providing market access.
The partnership under the Flipkart Samarth programme will enable local artisans, weavers and craftsmen of Karnataka to showcase their hallmark products to a pan-India customer base.
The partnership will see renowned Karnataka based brands- Cauvery - Karnataka Handicrafts Development Corporation and Priyadarshini Handlooms, part of Karnataka Handlooms Development Corporation joining the Flipkart Samarth programme.