India’s entertainment and media industry to witness huge growth

Published by admin on April 5th, 2008 | Tagged Business, News

Bright future for the entertainment and media or E & M industry of India:

According to study by Ficci and PricewaterhouseCoopers or PWC,India’s entertainment and media industry is projected to grow at 18 percent annually over the next 5 year period.

The Entertainment and media industry or E & M industry will become more than double of its size by the year 2012! India’s E and M industry was worth Rs 51,300 crore in 2007 and it is expected to touch Rs 115700 crore by 2012.

All this seems to be really good news for people who are associated with the E & M business and also for anybody who is looking forward to make a career in this sector.

Here are some interesting findings made by Ficci and PricewaterhouseCoopers :

Filmed Entertainment:

The segment is expected to grow at compound annual growth rate or CAGR of 13 percent for the next 5 years.The projected size of the film industry in 2012 is Rs 17600 crores.The overseas cumulative growth of industry is estimated at around 19 percent over the next 5 year period.

Biggest Contribution will be by the TV industry:

The television industry is expected to grow from Rs 22600 crore in 2007 to Rs 60000 crore in the year 2012.The CAGR for this segment is 22 percent for the next 5 years.

Advertising over the Internet will boom :

Online advertising will become a Rs 1,100 crore industry by 2012 from Rs 270 crore in the year 2007.This segment is expected to grow at CAGR of 32 percent over the next 5 year period.

Radio:

The Radio segment is expected to become Rs. 1800 crorein size by 2012.Around 560 new radio stations may be added in 5 years time.

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