Volume 2, Issue 18 Media and Entertainment 22nd November 2017 Industry in

The Indian Media and Enter- tainment (M&E) industry is a sunrise sector for the econo- my and is making high growth strides. Proving its resilience to the world, the Indian M&E industry is on the cusp of a strong phase of growth, backed by rising consumer demand and improving adver- tising revenues. The industry has been largely driven by increasing digitisation and dia’s gross domestic product. ing will grow at 30.8 per cent. higher internet usage over the The largest segment, India’s The Indian media & entertain- last decade. Internet has al- television industry, is expected ment sector is expected to most become a mainstream to grow at a CAGR of 14.7 per grow at a Compound Annual

media for entertainment for cent, while print media is ex- Growth Rate (CAGR) of 13.9 most of the people. pected to grow at a CAGR of per cent, to reach US$ 37.55 7.3 per cent. The Indian advertising industry billion by 2021 from US$ 19.59 is projected to be the second billion in 2016, outshining the fastest growing advertising global average of 4.2 per cent. market in Asia after China. At Over FY 2016-21, radio will present, advertising revenue likely grow at a CAGR of 16.1 accounts for around 0.38 per

per cent, while digital advertis- cent of In- Source: IBEF Media and Entertainment Industry—IBEF Report

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the report WESCHOOL LRC

Source: IBEF Inside this issue: Special points of interest:

Industry Update Industry Industry Tends—Whitepapers 2  Media and Entertainment IBEF Report  How to Make Entertainment and Media List of Top Retail Companies in 3 Businesses “Fan”-tastic Media & Entertainment News & 3  Digitisation to alter the television distri- Deals bution landscape — Crisil  List of Top Media & Entertainment

Info-graphics 4 Companies in India Media and Entertainment Entertainment and Media Industry Trends—Whitepapers

Title Source Abstract Link

AI — the new set of technologies that perform tasks that require human intelligence, such as speech recognition, decision making, and learning — is AI Is Already Entertaining rapidly working its way into business operations within many global indus- Strategy & tries. Some members of the entertainment and media (E&M) industry have Click here You downplayed its potential. After all, these are creative industries in which both the germ of the business and the value added to it stem from the con- tribution of human ingenuity and people exchanging ideas. An entertainment and media (E&M) offering today simply cannot thrive without the economic, social, and emotional power of fans. Premium con- How to Make Entertain- tent is expensive, and getting more so. Distribution is a brutal battle for shelf space where only brands that are “most wanted” can hope to win. The ment and Media Business- Strategy & Click here steady march of digital technology has ushered in a direct-to-consumer en- es “Fan”-tastic vironment characterized by greater choice and user control. There is simply too much competition for users to allow E&M businesses to survive on expe- riences that cater to casual “eyeballs” or infrequent users. Many readers will be familiar with blockchain as the underlying enabling technology developed for Bitcoin, a cryptocurrency. Klaus Schwab, founder How can creative indus- and executive chairman of the World Economic Forum, provides this sum- tries benefit from block- McKinsey mary in his book on the Fourth Industrial Revolution: “In essence, the block- Click here chain? chain is a shared, programmable, cryptographically secure and therefore trusted ledger which no single user controls and which can be inspected by anyone.”

If they are successful, digital transformations result in digital organizations— companies whose strategies, business and operating models, and cultures As Media Companies Go have digital technologies and capabilities at their core. Digital ways of work- BCG Click here Digital, Who’s in Charge? ing shape everything that these organizations do. In the media business— one of the first to undergo digital disruption—most legacy companies start- ed the transformation to digital organizations years ago.

Media Companies Must Quarter after quarter, a European media company watched with alarm as its market share sank. Recognizing that the source of the trouble was competi- Reimagine Their Data for a BCG Click here tion from digital leaders, the company decided to act. It pushed forward Digital World with a set of initiatives to overhaul its use of data.

Digitisation to alter the television distribution landscape — Crisil

CRISIL Research believes that the digitisation mandate by the Information and Broadcasting (I&B) Ministry, directing the complete switch-off of analogue TV transmission signals by December 2014, would acceler- ate the migration of consumers to digital platforms and bring about greater transparency and addressabil- ity in the television distribution space. Though complete digitisation may not be possible within the stipu- lated timeline, we expect a significant reduction in the proportion of analogue subscribers and in the ex- tent of under-reporting of subscriber numbers to come about. Broadcasters and DTH operators are ex- pected to be the biggest beneficiaries of this mandate.

Page 2 MEDIA AND ENTERTAINM ENT INDUSTRY UPDATE List of Top Media & Entertainment Companies in India

BIG Cinemas, a division of Reliance MediaWorks Ltd, a member of the Reliance ADA Group, is a large cinema chain with over 250 screens spread across India, US and Malaysia. After pioneering the IMAX experience in India, it recently launched 3D and 6D technology and is the only cinema chain to screen films in all three formats. It is also launching the first megaplexes in the country. Holds soundtrack copyrights of at least 50 Hindi movies. Deliver more than 1,50,000 cassettes per day to the Indian market. As of March 2014, total assets stood at Rs 199.34 crore (US$ 31.35 mil- lion). In 1975, the Taurani brothers used to trade in LP's (Long Playing Phonograph Records) for three of the biggest companies in India - HMV, Music India & CBS. By 1977, they had become the biggest dealers for these companies in Western India. New Delhi Television Ltd (NDTV) is an Indian commercial broadcasting television network founded in 1988 by Radhika Roy and Prannoy Roy. NDTV is an acronym for the original name of the compa- ny, New Delhi Television. New Delhi Television is among India's top broadcasters and has offices and studios across the country. Its three national news channels NDTV 24x7 (English), NDTV India (Hindi) and NDTV Profit (Business news) form the core of the company. PVR acquired the Cinemax properties in 2012 and currently serves 60 million patrons at pan India level. From Gold Class and Mainstream Cinemas to Director's Cut, PVR has made exceptional tech- nology like the IMAX and the Enhanced Cinema Experience (ECX) accessible to its audience. Cur- rently amongst the top 10 cinema companies in the world with respect to admissions per screen, PVR has entered the World Economic Forum's List of Fastest-Growing 'Global Growth Companies'. The network is largely owned by the Mr Arun Purie controlled Living Media Inc which publishes one of India's top weeklies called India Today. One of India's leading English-Hindi news television net- works. Aaj Tak emerged as India’s number one news channel Impressive connectivity of 5.2 million homes As of June 2014, total assets stood at Rs 379.07 crore (US$ 61.77 million). Total revenue reached Rs 2,142 crore (US$ 338.6 million) in FY2013. Print advertising revenues reached Rs 1,529 crore (US$ 241.7 million). Circulation revenues reached Rs 223 crore (US$ 35.25 million). Radio revenues stood at Rs 78 crore (US$ 12.33 million). HT Media found its beginning in 1924 when its flagship newspaper, Hindustan Times was inaugurated by Mahatma Gandhi. HT Me- dia has today grown to become one of India's largest media companies. Zee Entertainment Enterprises Ltd (ZEEL) is one of India's leading television, media and entertain- ment companies. It is amongst the largest producers and aggregators of Hindi programming in the world, with an extensive library housing over 120,000 hours of television content. With rights to more than 3,500 movie titles from foremost studios and of iconic film stars, ZEEL houses the world's largest Hindi film library. Eros International (Eros) is a leading player in the Indian film entertainment industry. It was founded in 1973 by Mr Arjan Lulla and is based in , India. The company co-produces, acquires and distributes Indian language films in multiple formats worldwide, including theatrical, television syn- dication and digital platforms. Eros has over 2,300 films in its library, plus an additional 700 films for which it holds digital rights only. Media & Entertainment Industry —News & Deals News Deals  Sony Pictures Networks India is one of the best companies for women in India, in 2017  India Perfect Market for Keshet: CEO  WittyFeed secures 2nd rank amongst top 10 enter-  Netflix, Shah Rukh Khan's Red Chillies Enter- tainment pages of India for video viewership tainment announce new multilingual original series  In charts: How the Indian film industry compares

with the rest of the world

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