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Entertainment Industry-3
Entertainment Industry-3
Entertainment Industry-3
INDUSTRY
Introduction
•Entertainment industry in India has registered an
explosive growth in the last two decades making it one of
the fastest growing industries in India.
•From a single state owned channel, Doordarshan in 1990’s
there are more than 400 active channels in the country.
•The rising rate of investments by the private sector and
foreign media and entertainment (M&E) majors have
improved India’s entertainment infrastructure to a great
extent.
•According to studies, Indians are likely to spend more on
entertainment industry in the coming years.
Types Of Media
▪The media and entertainment industry in India consists
of many different segments under its folds such as:
i. Television
ii. Print
iii. Films
iv. Radio
v. Music
vi. Animation
vii. Gaming
viii. VFX
ix. Internet advertising, etc.
Television Industry
•Television in India is a huge industry which has thousands
of programs in many languages.
•More than half of all Indian households own a television.
•The typical Indian soap opera is by-far the most common
genre on Indian television.
•There are thousands of television programs in India, all
ranging in length, air time, genre and language.
•There are at least 5 basic types of television in India:
a. Broadcast or “over-the-air” television
b. Encrypted satellite or “free-to-air”
c. Direct-to-home (DTH)
d. Cable television
e. IPTV
What do viewers watch?
Print Media
•According to the Registrar of Newspapers for India, there
are 1,10,851 registered publication in India as of 31st March
2016.
•Current size: Rs 10,900 crore
•Projected size by 2010: Rs 19,500 crore
•With the literate population on the rise, more people in
rural and urban areas are reading newspapers and
magazines today.
Top key players:
Electronic Media
News channels:
•Continues to grow at 8-10 per cent annually
•About 10-12 per cent of total advertising money spent on
television goes to news channels.
•In 2007 news channels generate about Rs 7 billion in
advertising revenues, compared to Rs 6.2 billion in 2006.
Shares of Hindi News Channels (2008)
Indian Film Industry
•Raja Harishchandra (1913), by Dadasaheb Phalke, was the
first film made in India.
•Largest in the world in terms of number of films produced
per year.
•FICCI-KPMG study values US$ 2.11 billion and projects
growth at 9.1 per cent till 2013.
•90 years old, accorded the status of industry only in 2000.
•Has 11500 existing screens, 95% are standalone, single
screens.
•China- 65,000 screens & US- 36,000.
Breakup of Indian films market:
Investments
• PVR Cinemas plans to add around 75 screens across
India during FY 2017-18, thereby raising its capacity to
650 screens and has a target to achieve 1,000 screens in
India by 2020.
• Hotstar, a digital streaming platform owned by Star India
Ltd, has entered into a partnership with Zapr Media Labs,
a media tech company based in Bengaluru, to perform
analysis on mobile audience that can be leveraged by
brands to create personalized communication.
• Bigtree Entertainment Pvt. Ltd, which owns
Bookmyshow, has acquired a 75 per cent stake in
Townscript, an online event registration and ticketing
platform based in Pune.
• Carnival Cinemas, the third largest cinema multiplex
chain in India, has partnered with Odisha government to
build 30 entertainment centres or recreation zones over
1-1.5 acres of land in tier-II or tier-III locations of each
district.
• Reliance Capital, part of Anil Ambani-led Reliance Group,
has announced the sale of its radio and television
broadcasting businesses under Reliance Broadcast
Network to the Zee group for Rs 1,900 crore.
• Amazon has launched its Prime Video service in India at a
competitive annual subscription price of Rs 499, with a
one-month free trial, including range of Hollywood as
well as international movies, TV Shows and nine Indian
original shows, in its content library.
Government initiatives taken for
entertainment industry
•Mr. M Venkaish Naidu, Minister for Information and
Broadcasting, Government of India, ha stated that the
Indian Media & Entertainment Industry, mainly the
broadcasting sector, is on the peak of a strong growth
phase.
•Recent government initiatives like Make in India, Skill
India, Digital India and Goods and Services Tax (GST).
•Initiatives like digitising the cable distribution sector to
attract greater institutional funding, increasing FDI limit
from 74% to 100% in cable and DTH satellite platforms,
and granting industry status to the film industry for easy
access to institutional finance.
Road Ahead