THE INDIAN MEDIA & ENTERTAINMENT SECTOR
STRUGGLING THROUGH A DOUBLE EDGED SWORD
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Lex Witness after successfully completing 3 editions, now presents The 4th Annual Edition of The Media, Advertising & Entertainment Legal Summit 2015 scheduled to be on 20th November 2015 at Le Meridien, New Delhi.
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THE INDIAN M&E SECTOR - A GAME CHANGER FOR THE INDIAN ECONOMY
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There is not even an iota of doubt when it comes to how high rising is the Indian Media and Entertainment Industry as far as the Indian Economy is concerned. Various industry surveys and reports have endorsed the scopes of the sector with thumping growth figures and aggressive times ahead. Have a look at a few of the report mentions;
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The Media and Entertainment industry in India is poised to grow from Rs 1,026 billion in 2014, to reach Rs 1,964 billion by 2019. The growth in popularity of digital media continued to surge in 2014, with a significant growth in digital advertising of 44.5 per cent over 2013. In 2014, the Indian print industry experienced a growth of 8.3 per cent, from Rs 243 billion in 2013 to Rs 263 billion in 2014. The Government initiated auctions for Phase 3 of Radio channels, as 135 channels across 69 cities would be auctioned in 2015 end. TV Industry in India is worth Rs 47,500 crore, which grew at a rate of 15.5%. By 2019, it is expected to cross Rs 97,5000 crore. Expansion of Direct to Home (DTH) service is also growing at a healthy rate with 16% subscriptttion revenues in urban + rural areas. Number of Cable and Satellite (C&S) subscribers grew to 14.9 crore, which increased 10 million last year (excluding DD Direct, its 13.9 million or 82% of all TV viewers!) It expected that C&S subscribers will swell to 17.5 crore by 2019, which would be 90% of all TV households
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THE LEGAL & REGULATORY BREATHERS THE SECTOR IS IN NEED OF
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While the numbers aforesaid might seem to be very promising and aggressive, there still remains a plethora of grey areas in terms of legal and regulatory aspects that The Indian Media & Entertainment Sector struggles to get through. The concerns vary from favourable business environs to the morals and ethics of journalism as well. The sector swings at a double edged sword where the business extremes are struggling hard to strike a balance between various notions of business. It is under this background the Lex Witness has researched over 3 months of time and has been able to curate a yet another edition.
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It is under this background the Lex Witness has researched over 3 months of time and has been able to curate a yet another edition.
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