Indian media & entertainment sector outlook: Revenues set to hit Rs 130,000 cr mark by end-2016

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October 26, 2016 6:42 AM

The Indian media and entertainment sector, which has been growing at a CAGR of 10-12% year-on-year, is expected to reach R1,30,000 crore in terms of revenue, by the end of 2016, according to the latest report called ‘Convergence

The report further states that television continues to grow at a CAGR of 11% and currently stands at R69,000 crore.The report further states that television continues to grow at a CAGR of 11% and currently stands at R69,000 crore.

The Indian media and entertainment sector, which has been growing at a CAGR of 10-12% year-on-year, is expected to reach R1,30,000 crore in terms of revenue, by the end of 2016, according to the latest report called ‘Convergence: the new multiplier for Indian media and entertainment’s $100 billion vision’ released by CII and The Boston Consulting Group.

The report further states that television continues to grow at a CAGR of 11% and currently stands at R69,000 crore.

The report points out that the print industry has grown at a CAGR of 6% from 2010-2016 reaching R29,000 crore this year. As per the report, the print industry continues to earn as much as two-third of its revenue from advertising.

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As for digital, the volume of content produced annually has grown 500% between 2010 and 2015, according to the report. The report adds that newer models of content creation and curation needs to evolved inorder to tap a digital user’s consumption potential.

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