Rast Sound has announced the release of its new sample library Distant Choir, a free Kontakt instrument library featuring a collection of solo vocal recordings from over 20 countries. The 210 MB library includes 5 playable choirs. Distant Choir is our solo vocal recordings, coming together as a choir through sound. We are releasing the […]

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Plugin Boutique has launched a sale on Inphonik, offering discounts of up to 50% off on its plugins for a limited time only. The RX950 Classic AD/DA Converter effect plugin is designed to perfectly mimic the whole AD/DA conversion process of the Akai S950 in order to give your music this vintage, warm and crunchy […]

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Loopmasters has released the Guitar Bundle by Image Sounds, a collection of 4 guitar sample packs at a 60% discount. The bundle comprises Funky Guitar Vol. 1 and 2, Acoustic Guitar Vol. 1, and 60s Guitar Vol. 1, for a total of 1,883 guitar loops. Always loved songs like “Le Freak” and “Kiss”? Then Funky […]

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DDMF has announced the release of MagicDeathEyeStereo, a tube compressor with an integrated EQ circuit designed especially for mastering. A faithful emulation of their stereo master buss compressor and equalizer, MagicDeathEyeStereo is the second product of the ongoing collaboration with MagicDeathEye. We have taken everything we’ve learned from the first version and created a true […]

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Plugin Boutique has launched a sale on the Pumped: Serum Psytrance Essentials soundset by W.A. Production, offering a 50% discount on the collection of 90 presets for the Serum wavetable synthesizer by Xfer Records. Do you draw inspiration from such artists as Astrix, Astral Projection and Juno Reactor? Ever want the most cutting edge and […]

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Woodman’s Immaculate Maple Syrup Studio has launched WoodScaper 1.2, an audio effect that delivers classic guitar effects. Version 1.2 adds Next and Previous preset buttons and some more improvements and fixes. WoodScaper combines the 4 classic guitar effects into one unit : phaser, chorus/flanger, wah-wah and tremolo. Besides the familiar controls each effect has some […]

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Plugin Boutique has announced an exclusive sale on Digital Brain Instruments, offering a 50% discount on its interactive audio tools for sound designers, musicians, audio engineers and game developers. The sale includes Multiplex Vocoder 2, Talkie Box 2, Voxpat 2 and the more recent cMixer and Batch Pro real-time processing and recording tool. Batch Pro […]

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Plugin Boutique has announced an exclusive sale on the Mosaic Voices instrument library by Heavyocity, offering a 50% discount for few days only. The Mosaic Series was conceived to keep composers creative: Each instrument features a unique set of foundational elements, designed to be combined and layered into lush, cinematic textures. Mosaic Voices is a […]

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Xenos Soundworks has announced the release of Pure 80s, a collection of over 100 presets for that Repro 1/5 software synthesizer instruments by u-he. The pack takes you on a grand tour of the sounds that defined the ’80s decade. Whether you are a producer of Synthwave music or 80s cover songs, or just want […]

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Plugin Boutique is offering a 33% discount on two expansion packs for the Bass Master and Khords virtual instruments by Loopmasters. House Bass for Bassmaster features a fresh set of expertly synthesized audio parts, recorded direct via hi-end A/D converters and treated with hi-end analog modeled EQs, tape and pre-amps. Get ready for warm, fat […]

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Prime Loops has launched a collection of over 340 analog Trap drums, samples and loops with its new sample pack titled Bally: Beastmode Trap Beats. With this analog Trap release, we’re giving you some heavy-weight Trap ammunition to load up your arsenal with and create some earth-shattering riddims! Sinister synth melodies, huge music ensembles, tech […]

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Issue #55, Autumn 2016 ISSN: 2037-108X

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The global spread of COVID-19 since January 2020 is resulting in a slowdown in economic activity across the world. The impact on India has been limited so far, however, increasing spread of the pandemic in the country over the last few days and the preventive measures being taken by the central and various state governments have severely restricted business activities.

Sources across cinema chains have confirmed to ET that they had individually written to the landlords and mall owners seeking waiver of rent under the ‘force majeure’ clause of their contracts. The clause excuses companies from meeting some obligations in case of certain unusual circumstances.

"PVR has opted to insist on not paying any rent for the period of closure. PVR does not own properties and all of its screens operate on rent," said a source in Chennai-based SPI Cinemas which was acquired by PVR in August 2018.

"While the lockdown may continue for the next month or two, the cinema industry will take several months ('recuperating period') even after the lockdown is lifted, to get back to its feet, as the pipeline of content begins to flow again, and our patrons gain the confidence to step out of their homes and start visiting crowded places like cinemas.

Major mall operators in the country risk losing 20-25% of their annual revenue due to the shutdown, as per a report by ICICI Securities.

Precautionary measures such as fever screening, keeping adjacent seats in theatres vacant being considered. Currently, retailers selling discretionary products from apparel to lifestyle merchandise are not allowed to open stores.

In India, under traditional business interruption insurance policies, physical damage to property is the only criteria to trigger business interruption loss, while pandemics and epidemics are specifically excluded. Insurance companies, therefore, are refusing to accept any claims arising out of shutdown.

All malls have been shut since the lockdown began, and retailers in those malls are not in a position to pay rents because their outlets are shut. This in turn makes it difficult for the malls to pay the banks. About 85% of a mall’s revenue is dependent on rentals.

Emkay Global expects PVR and Inox Leisure to post steep year-on-year drop in revenues at 19 per cent and 24 per cent, respectively.

Around 75 retailers that operate 200 brands have written a letter to mall owners, seen by TOI, stating that revenue-share percentage should be a flat percentage depending on the category of stores. They suggested, for instance, revenue-sharing percentage for vanilla brands should be 10-12%, including common area maintenance (CAM), while for fast food brands and large format lifestyle stores, it should be 7-8%.

It can be noted that shopping centres and malls, which tend to attract a lot of crowds, have been shut since mid-March, much before the lockdown was announced and if the social distancing strategies continue post lockdown as well, such facilities are unlikely to open.

The post pandemic society will witness a change in consumer behavior and overall lifestyle. It is estimated that consumers will be extremely cautious with their spending. The spending on luxury, travel, hospitality, and movies, fine dine, white goods, expensive gadgets, among others and see a drop.

Last week, 195 retailers and restaurants including Future Group, Aditya Birla Fashion, Arvind Brands, Domino’s Pizza, Adidas and Levi’s wrote a common letter to mall owners for a “collaborative dialogue” between shopping centres and tenants.

Post lockdown relaxation, consumers say they will prefer buying items of need via local stores (instore or delivery) and ecommerce sites while only 4 per cent say will go to the mall to buy.

Top officials close to the development told ET that HUL will train a large set of advisors and beauty consultants, numbering about 1,500, to become entrepreneurs so that they can set up their own businesses.

While big-box retailers that enjoy a revenue-sharing model with malls will have some cushion to absorb the impact of the lockdown, smaller brands and restaurants may have to pay the price by reducing the number of outlets.

The government feels this will allow shopping and leisure activities to start up while maintaining physical distancing as traffic will be less than usual and easy to control. On Wednesday, Madhya Pradesh notified retail stores to open from 6am until midnight.

Large operators of malls such as Xander-backed Virtuous Retail, Select Group, Phoenix Group and Blackstone-backed Nexus have not waived rentals for their tenants.

Disney Springs vice president Matt Simon posted Thursday on the official Disney Parks Blog that the area will reopen May 20 with enhanced safety measures to help prevent the spread of the coronavirus.

"We have seen strong consumer demand, particularly in March and April but the split between defensive buying and higher levels of underlying consumption is unclear," Chief Executive Laxman Narasimhan said in a statement.

"There are two big trends emerging. One is the relevance of the humble grocer and people have realised that they are so close to you… proximity, and (that’s) such a big benefit. The second would be on ecommerce. With people becoming more averse to stepping out, they would like to place the order from home and receive it at home. "

It is the first time since the nation’s favourite chocolate bar hit the shelves in India over 70 years ago, that Cadbury Dairy Milk has replaced its logo with the words ‘Thank You’.

The FMCG sector includes non-durable household goods such as packaged food, beverages, toiletries and other consumables that are sold at a relatively low cost. The slowdown was steeper in the urban markets compared to the rural markets, across the four zones, the report said.

The company which retails Savlon range of sanitisers, has stepped up production at the facility in Himachal Pradesh to produce an additional 1.25 lakh litres.

Mondelez, owner of Cadbury’s, said its sales in the first phase of the lockdown was reduced to nil due to closure of plants, lack of have people from the distribution centers and non-availability of trucks.

FMCG major Hindustan Unilever on Thursday reported a decline of 3.93 per cent in consolidated profit to Rs 1,512 crore for the fourth quarter, impacted by the coronavirus crisis from mid-March.

The workforce problems at two ITC food plants - one in Pune in the western state of Maharashtra and another in the southern state of Karnataka - show how labour issues weigh on Indian firms after a nationwide coronavirus lockdown forced thousands of workers to go back to their villages.

It had posted a net profit of Rs 403 crore in the corresponding quarter last year.

LG, Samsung, Vivo and Xiaomi are also rolling out hyperlocal sales platforms that will connect their offline stores to consumers searching products online so that the outlet nearest to the consumer can deliver the order, industry executives said.