Today's Top Gainer
Note:Top Gainer - Nifty 50 More
MEDIA AND ENTERTAINMENT INDUSTRY OVERVIEW
As per the Indian Brand Equity Foundation Report, the Indian Media and Entertainment (M&E) industry is a sunrise sector for the economy and is making high growth strides. The Indian M&E industry is on the cusp of a strong phase of growth, backed by rising consumer demand and improving advertising revenues. The industry has been largely driven by increasing digitisation and higher internet usage over the last decade. Internet has almost become a mainstream media for entertainment for most of the people.
The Indian media & entertainment sector is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.9 per cent year-on-year by 2019. The Indian Media and Entertainment industry is on an impressive growth path. The revenue from advertising is expected to grow at a CAGR of 13 per cent and will exceed Rs 81,600 crore in 2019.
Business Performance Review and Out-look for the current year
During the year under review, the Company has reviewed all its business divisions and the company has been concentrating in activities like multimedia and Film Production tie ups with experts in the market and your companys performance will be encouraging in the years to come.
PRINCIPAL RISKS AND UNCERTAINTIES
Piracy: Piracy of the produced content, under the purview of intellectual property rights, can adversely affect revenues and profitability.
Mitigation: Industry members have set up an Antipiracy Society (AACT) to fight the menace.