India’s digital payment market is on fire, mainly due to new easy-to-use apps that also offer discounts and cash bonuses. The country’s banks, postal service and richest man (Mukesh Ambani) are investing in the arena, and even Warren Buffett, through Berkshire Hathaway, is reportedly taking a stake in the country’s leading digital payment company Paytm. Credit Suisse Group estimates that the Indian market will reach $1 trillion by 2023. China, meanwhile, already has a digital payments market valued at $5+ trillion. Read more

At The Reel Thing conference in Hollywood, the Academy’s Science and Technology Council managing director Andy Maltz and Dr. Wolfgang Ruppel at Germany’s RheinMain University of Applied Sciences introduced the specifications of the Academy Digital Source Master, built on a suite of SMPTE standards. Maltz described the background that led to the Digital Source Master. “The Digital Dilemma published in 2007, identified open source software and digital file format standardization as key components to the solution,” he said. Read more

Facebook, Google, IBM, Microsoft and other tech companies are lobbying to begin work on a federal privacy law, with the goal of creating regulations that would favor them more than the strict law passed in June by California. The California law, a benchmark in the U.S., gives users the right to know what information tech companies are collecting and why, as well as with whom they’re sharing that data. The Information Technology and Innovation Foundation said its tech company members want to be “a constructive part of the process.” Read more

Twitch and The Pokémon Company International are joining forces to offer “Pokémon: The Series,” featuring 16 movies and 19 television seasons comprised of 932 episodes. Twitch plans to livestream the marathons — the longest program-related viewing event it has ever streamed — in several blocks, beginning August 27 and running into 2019. The two companies first partnered on the “Twitch Plays Pokémon” social experiment in 2014. The marathons will help market the Nintendo “Pokémon” games slated to debut this fall. Read more

After months of planning, Microsoft has announced its Xbox All Access service (formerly codenamed Project Largo) that will include the Xbox One console with Xbox Live and Xbox Game Pass. As of now, the company will offer the subscription service at its retail stores and is also working to bundle it with other PC manufacturers. According to the Microsoft announcement, the company will offer the Xbox One S with Xbox All Access for $21.99 per month, and the Xbox One X with Xbox All Access for $34.99 per month, both deals for 24 months. Read more