India’s media and entertainment (M&E) sector is expected to grow at about 18% CAGR (compounded annual growth rate) during 2012-2017, according to a study. The industry is expected to touch revenues of about Rs 224,500 crore in 2017, says a CII-PwC release quoting from the report titled, India Entertainment & Media Outlook 2013.
The size of the M&E sector has increased from about Rs 80,500 crore in 2011 to almost Rs 96,500 crore in 2012, representing a year-on-year growth of 20%, according to the report.
“This growth is driven by the introduction of cable TV digitization, continued growth of regional media, continued strength of the filmed entertainment sector, fast increasing new media businesses and transparency,’’ said Chandrajit Banerjee, director general, CII.
India’s television market grew at 13% with revenues increasing from Rs 34,000 crore in 2011 to Rs 38,300 crore in 2012. Filmed entertainment also demonstrated impressive growth in 2012 with sector revenues growing by about 17% from Rs 9,600 crore in 2011 to Rs 11,200 crore in 2012. The print sector revenues are likely to go up at over 9% CAGR to reach Rs 33,100 crore in 2017 from Rs 21,200 crore in 2012.
According to a CII-PWC release, sectors such as internet access (30%), internet advertising (29%), gaming (19%), and music (15%) are expected to continue on their high growth trajectory. The radio sector is also expected to get a fillip with the successful conclusion of Phase III licence auctions and it is expected to grow at a CAGR of about 16%.
The size of the M&E sector has increased from about Rs 80,500 crore in 2011 to almost Rs 96,500 crore in 2012, representing a year-on-year growth of 20%, according to the report.
“This growth is driven by the introduction of cable TV digitization, continued growth of regional media, continued strength of the filmed entertainment sector, fast increasing new media businesses and transparency,’’ said Chandrajit Banerjee, director general, CII.
India’s television market grew at 13% with revenues increasing from Rs 34,000 crore in 2011 to Rs 38,300 crore in 2012. Filmed entertainment also demonstrated impressive growth in 2012 with sector revenues growing by about 17% from Rs 9,600 crore in 2011 to Rs 11,200 crore in 2012. The print sector revenues are likely to go up at over 9% CAGR to reach Rs 33,100 crore in 2017 from Rs 21,200 crore in 2012.
According to a CII-PWC release, sectors such as internet access (30%), internet advertising (29%), gaming (19%), and music (15%) are expected to continue on their high growth trajectory. The radio sector is also expected to get a fillip with the successful conclusion of Phase III licence auctions and it is expected to grow at a CAGR of about 16%.
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