MEDIA & ENTERTAINMENT: AN EMERGING HOTBED

Prospects of the Indian Media and Entertainment (M&E) sector estimated to grow to about twice its current size of $11.6 billion by 2013 prompted global media and entertainment companies such as The Walt Disney Company, The Warner Group, Viacom, Inc., Sony Pictures Entertainment, Inc., The Financial Times and the Dow Jones & Co. to enter the market that has grown at a sustained pace of about 15% annually during the last five years by either acquiring a stake or partnering with an Indian counterpart.

Among the most recent expansion plans in India, News Corporation, the world's largest media conglomerate by market capitalization, had announced that it will strengthen its presence in the country by investing more than $100 million to launch six new regional television channels last year.

The potential for growth in India’s M&E sector is underscored by the low penetration base. For instance, the print media with low penetration rate of 38% and the cable & satellite penetration in the country of just about 50% offers a large market that remains to be tapped. See our Special Report highlighting the trends in the sector.

INDIAN MEDIA SEEN CROSS Rs 1 TRILLION BY 2013

India’s media and entertainment industry is expected to touch Rs 1,05,000 crore by 2013 driven by increasing media penetration reaching out to more among the country’s huge population

Livemint

ENTERTAINMENT SECTOR TO GROW 18 % ANNUALLY

With new markets opening up, the entertainment and media sector is poised to witness about 18 per cent annual growth in the next five years. The study, titled 'Global Entertainment and Media Outlook 2008-2012', says India, along with other BRIC nations - Brazil, Russia and China - will see an economic growth of around 13.6 per cent as against 5.9 per cent growth that the rest of the world will witness in this period.

The Economic Times

INDIA AMONG TOP THREE MEDIA, ENTERTAINMENT MARKETS

India continues to be one of the top three markets for global collaborations in entertainment and media, because of a 'relatively friendly foreign investment regime..

The Economic Times

Entertainment, media record 17% growth in 2007

The entertainment & media (E&M) industry has recorded a growth of 17% in 2007 to cross the Rs 50,000-crore-plus mark, according to a report. The E&M industry has reached an estimated Rs 51,300 crore in 2007, up from Rs 43,800 crore in 2006, according to a Ficci PricewaterhouseCoopers 2008 report on Indian entertainment and media industry for 2007.

The Financial Express
http://www.financialexpress.com/news/
Entertainment-media-record-17-growth-in-2007/285173/

Finland Inc targets Indian markets to boost growth

After the big rush from the US and Europe, it’s the turn of Finnish industry to set sights on India to widen its global reach. Driven by innovative products and technologies, a clutch of small- and medium-sized Finnish companies have drawn up plans to step up their India exposure. The idea is to cash in on their advancements in R&D to increase revenues and profits using India as the key base.

The Economic Times
http://economictimes.indiatimes.com/News_by_Industry/
Finland_companies_target_Indian_markets_to_boost_growth/
articleshow/2656640.cms