Home video to boost film entertainment business revenues

Home video to boost film entertainment business revenues

Home video

MUMBAI: Film entertainment business will see a wider revenue spread across its segments with faster growth coming from home video and overseas box office collections.

The home video segment is expected to grow from Rs 4 billion to Rs 21 billion as the price of VCDs and DVDs fall, according to a FICCI-PricewaterhouseCoopers report.

The home video households is also expected to increase from 3 million to about 13 million by 2010.

Though domestic office collections is slated to go up from Rs 53 billion to Rs 102 billion in 2010, it is projected to lose its share from 78 per cent to 67 per cent with the film entertainment business growing from its current size of Rs 68 billion to Rs 153 billion.

Multiplexes are also going to increase and will help increase the average price of a movie ticket. Digital technology will also induce growth in the film industry, the report said.