India’s media and entertainment industry poised to outpace global growth, hit ₹3.65 trillion by 2028
2 weeks, 1 day ago

India’s media and entertainment industry poised to outpace global growth, hit ₹3.65 trillion by 2028

Live Mint  

India’s media and entertainment sector is poised to grow at a compound annual growth rate of 8.3%, reaching ₹3.65 trillion by 2028, far outpacing the global growth rate of 4.6%, according to PwC India’s report, Global Entertainment & Media Outlook 2024–28: India Perspective. Bolstered by India’s economic expansion and rising consumption, the advertising market is expected to grow at a 9.4% CAGR, from ₹1.01 trillion in 2023 to ₹1.58 trillion by 2028—1.4 times the global average. Read this | Smaller OTT platforms cash in on regional movie acquisitions as bigger players go slow; build on originals “India’s entertainment and media sector is on the cusp of a major transformation. While global print advertising revenues are declining at a CAGR of 2.6%, India’s print market is expected to grow at a modest 3%, solidifying its position as the world’s third-largest print market by 2028.

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History of this topic

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India
1 month, 1 week ago

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India

Firstpost  

The Indian smartphone market overall grew by 5.6 per cent year-over-year, marking its fifth consecutive quarter of positive growth. While Apple made headlines with its impressive numbers, Vivo maintained its position as the market leader, holding 15.8 per cent of the total market share The premium smartphone segment, comprising devices priced between $600 and $800, witnessed the most significant growth, …

Digital Push Propelling Media Revenue Growth to 8%
2 months, 3 weeks ago

Digital Push Propelling Media Revenue Growth to 8%

New Indian Express  

Media companies are expected to see significant growth in their digital space, with revenue growth projected to reach 8% per year over the next two years. This growth will be driven by increased ad revenue and the expansion of the digital segment's share of the revenue pie. The overall revenue of media players is expected to grow 8% annually over …

LG Electronics weighs India IPO to chase $75 billion goal
3 months, 4 weeks ago

LG Electronics weighs India IPO to chase $75 billion goal

Hindustan Times  

LG Electronics Inc. is considering an initial public offering for its India business, tapping a booming stock market to help hit a target of $75 billion in electronics revenue by 2030. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Chief Executive Officer William Cho said an Indian market debut is one of several options it’s weighing to revitalize a decades-old consumer electronics business. In …

LG Electronics weighs India IPO to help chase $75 billion goal
3 months, 4 weeks ago

LG Electronics weighs India IPO to help chase $75 billion goal

Live Mint  

LG Electronics Inc. is considering an initial public offering for its India business, tapping a booming stock market to help hit a target of $75 billion in electronics revenue by 2030. Chief Executive Officer William Cho said an Indian market debut is one of several options it’s weighing to revitalize a decades-old consumer electronics business. In the first six months …

OTT video content to fuel 50% of total revenue growth for India’s video market
5 months ago

OTT video content to fuel 50% of total revenue growth for India’s video market

Live Mint  

India's video market is on the cusp of a major transformation, with premium online video-on-demand content set to play a pivotal role. A new report commissioned by Prime Video India and conducted by Media Partners Asia reveals that streaming VoD will fuel half of the new revenue growth in the country’s video sector. Streaming VoD is expected to contribute half …

Indian media and entertainment sector to cross ₹3 tn by 2026
9 months, 2 weeks ago

Indian media and entertainment sector to cross ₹3 tn by 2026

Live Mint  

The Indian media and entertainment sector that touched ₹2.3 trillion in 2023, is expected to grow at a compound annual growth rate of 10% to reach ₹3.08 trillion by 2026, according to the annual media and entertainment report by Ficci and consulting firm EY. On the other hand, new media grew the most, providing ₹12,200 crore of the total growth, …

India\'s OTT Landscape: Exploring the Surge and Saturation
1 year, 1 month ago

India\'s OTT Landscape: Exploring the Surge and Saturation

Deccan Chronicle  

The era of COVID-19 catapulted OTT services into the spotlight, as India's entertainment landscape shifted from traditional cable services to the convenience of streaming content on smartphones, laptops, and eventually Android TVs. Recent data paints a revealing picture, indicating that India now hosts a staggering 48.11 crore OTT users, accounting for 34% of the entire population. This figure represents individuals …

India's online gaming industry gains with increased user spending
1 year, 1 month ago

India's online gaming industry gains with increased user spending

Live Mint  

NEW DELHI : After years of stagnation, e-sports and video game firms in India have begun generating in-game and An industry report by Google and venture capital firm Lumikai, released on 2 November, pegged the annual average revenue per user for India’s gaming industry to reach ₹1,600 by FY23-end, rising tenfold in the past four financial years. Roby John, co-founder …

Internet economy to become 12–13% of GDP by 2030: Report
1 year, 6 months ago

Internet economy to become 12–13% of GDP by 2030: Report

The Hindu  

India’s internet economy — B2C e-commerce firms, online service providers, ed-tech companies, and so on — will hit $1 trillion in value by 2030, up from $175 billion in 2022, a report by Google, Bain & Company and Temasek estimated. The key thrust would come from “Tier 2+ locations,” the report said, emphasising smaller towns and rural areas, where the …

E-commerce surge: India to add 80 million online shoppers by 2025
1 year, 8 months ago

E-commerce surge: India to add 80 million online shoppers by 2025

Live Mint  

New Delhi: India has gained 125 million online shoppers in the past three years, with another 80 million expected to join by 2025, according to a report by marketing data and analytics company Kantar. The increasing online presence is expected to boost e-commerce sales, as 77 million shoppers purchased from social platforms such as Facebook, WhatsApp and social-commerce sites in …

Digital advertising up 52% in 2022: Report
1 year, 9 months ago

Digital advertising up 52% in 2022: Report

Live Mint  

New Delhi: Digital advertising rose a robust 52% year-on-year in 2022. A new entrant in the top ten list was ‘building, industrial and land materials’ industry, said a report, ‘Rewinding Y 2022 for Advertising in Digital’ by TAM AdEx. E-commerce was the top advertising category in 2022, and coaching and competitive exam centres and online financial services were new entrants …

YouTube: India's go-to place for news and entertainment
2 years, 2 months ago

YouTube: India's go-to place for news and entertainment

The Hindu  

Published : Oct 06, 2022 09:40 IST The YouTube era is here, and it is changing the way people access news, obtain knowledge, learn skills, and most importantly, get entertained. The video-sharing platform has been the biggest beneficiary of India's mobile revolution, growing from 122 million users in 2017 to an estimated 567 million in 2022. The Indian top 10 …

Network18 operating revenue rises 15%, profit in news segment gives a fillip
2 years, 7 months ago

Network18 operating revenue rises 15%, profit in news segment gives a fillip

Firstpost  

The media company reported a 14.6 percent on-year rise in consolidated revenue from operations to Rs 1,621.1 crore Mumbai: Network18 Media & Investments on May 3 reported a 58.1 percent year-on-year rise in its consolidated net profit to Rs 61.6 crore for the quarter ended March. Broadcasting The broadcasting business reported firm top line growth as operating revenues rose 10 …

Media, entertainment sector poised to hit $30.9 bn by 2024
2 years, 9 months ago

Media, entertainment sector poised to hit $30.9 bn by 2024

Live Mint  

The Indian media and entertainment sector is expected to grow by 17% in 2022 to reach the 2019 pre-pandemic levels of $25.2 billion, according to the latest report by the Federation of Indian Chambers of Commerce and Industry and consultancy EY. Digital media has firmly established itself as the second-largest segment in the media and entertainment industry, growing by ₹6,800 …

India to retain its rank among top 10 global markets, GroupM report finds
2 years, 10 months ago

India to retain its rank among top 10 global markets, GroupM report finds

Hindustan Times  

Media investment company GroupM India has come up with their projections for advertising expenditure on digital media for the current fiscal year. The report, released on Tuesday, also projected India to retain its rank among the top 10 fastest-growing global markets. Commenting on the report, Prasanth Kumar, CEO of GroupM's South Asia branch said, “The pandemic has pushed the envelope …

Advertising in India to touch pre-pandemic levels by 2022: Report
3 years, 5 months ago

Advertising in India to touch pre-pandemic levels by 2022: Report

Live Mint  

The Indian advertising market will recover to pre-pandemic levels by 2022, growing at 12.4%, stated a report from advertising firm Dentsu. The report which puts out advertising spend forecast for Asia Pacific said that ad spend in the region will rise past pre-pandemic levels, a year sooner than previously predicted. The report highlighted that after a steep 12.9% decline in …

Analysis | Should corporates take a stand on TV news?
4 years, 2 months ago

Analysis | Should corporates take a stand on TV news?

Hindustan Times  

The controversy around television news channels manipulating Televison Rating Points has turned the spotlight on three issues plaguing television news. Given that news viewership is a small segment of overall viewership, even a small change in TRPs will mean a big swing in ad revenues The coverage of Sushant Singh Rajput’s death and its aftermath made a spectacle that would …

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