Specials

M&E industry can grow much more than it is right now: Sanjay Gupta

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/event-coverage/2014/03/13/ficci_logo.jpg?itok=bCph5ftC

MUMBAI: Star India CEO Sanjay Gupta while talking during the final session of day one at the 15th edition of FICCI Frames 2014 — “Talking Numbers: Hard Facts about M &E's Economic Contribution” — said that it seems that “as the media and entertainment (M&E) industry we have really forgotten how big we truly are, we are not just about showbiz. I believe we are undervaluing ourselves and instead of being a $15 billion industry we should be somewhere around $ 60 billion (that is, four times).”

Gupta thinks that the industry has a potential to grow at the rate of 15 per cent, but it is rather doing just a shade below five per cent. “The industry, comprising of the stakeholders and the regulators, is having a very myopic view on how can we all come together to serve the consumer with what they want,” he remarked.

He also brought to the fore the hurdles that a new player in the market can come across. “If I want to introduce a product which is of superior quality than what other products are offering, I have regulatory restrictions on the pricing not to mention the pressing taxation on the content,” he said.

The session, which was anchored by Motion Picture Association (MPA) India MD Uday Singh, brought up many major points about the contribution of the M&E Industry in the country’s economy and the hurdles that need to be overcome to improve the numbers.

Besides Gupta, the panel comprised Viacom 18 Media group CEO Sudhanshu Vats, Disney India MD Siddharth Roy Kapur and Aditya Birla Group chief economist Dr Ajit Ranade who underlined the improvements that need to be brought in regulations, infrastructure, cutting down on piracy and much more.

It was Viacom 18 Media group CEO Sudhanshu Vats, who called attention to the issues associated to digitization. He said: “With an expected growth of 21 per cent in subscription revenues and 15 per cent in advertising revenue by the end of phase three and four of the digitisation, the future for the M&E industry looks bright. But the pressing issue that needs to be addressed is though 40 odd cities have been seeded with boxes are they also addressable?"

However, he thinks the future is bright for subscription driven markets with the oncoming of 100 per cent ad free channels like HBO Hits and HBO Defined.

The panelists also discussed the contribution of the three major players in the Indian movie business — Hindi, Tamil and Telugu cinema — that contribute nearly 43 per cent, 19 per cent and 14 per cent respectively to the total revenue generation from the film industry. Singh remarked that with nearly 1.8 million people working in this industry, it is certainly one of the important contributors to the GDP of the country.

Disney India MD Siddharth Roy Kapur said: "As far as the film industry is concerned, the three major areas of concern are creativity, infrastructure and piracy. Once we as a community get together and address these perils, I am sure the world will become a much happier place."

According to Kapur, the top 10 box-office hits contribute to nearly 50 per cent or more to the overall collections from the film sector alone, and the top seven male stars contribute to 45 per cent of the year's overall box-office collections.

Singh also brought up the topic of distribution and ARPUs (Average Revenue Per User), stating that with better addressability and packaging the ARPU will witness a substantial rise.

Aditya Birla Group chief economist Dr. Ajit Ranade concluded the discussion with some mind-numbing numbers and facts. "The industry is currently going through a rapid transformation and the contribution to the overall GDP will see improvement in coming time but we need to take into account that the government is always struggling with a fiscal deficit, thus reducing taxation is not the final resolution.”

“The right way forward is to move towards a micro payment format where the consumer pays for all the facilities he/she uses this will reduce a lot of disparities and only go onto strengthen the growth of the market and further contribute to the economy,” he concluded.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/11/Inside-Digital-India%20%281%29.jpg?itok=CnwOsdre
Rs 12 billion budgeted for 'Digital India' '17-18

With the Government’s emphasis on cashless and paper-less working, electronic governance gets the highest chunk of Rs 4.0055 billion out of the overall budget of Rs 12.1642 billion set aside for Digital India for 2017-18.

Specials Budget Budget 2017
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/10/Ravi-Shankar-Prasad%20%281%29.jpg?itok=Xf9axe3G
Ravi Shankar too hopes DTH will support Swayam

Union Minister of Electronics & Information Technology and Law & Justice Ravi Shankar Prasad said, “The budget of Modi government for 2017-18 is historic and unprecedented. This is a budget for bold India, clean India, eager to tap its potential. Based on the pillars of efficiency,...

Specials Budget Budget 2017
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/08/deep-sengupta%20%281%29.jpg?itok=tSmYMgrN
Budget '17: SAP enables mid-sized cos to go digital

Aligning to the Union Budget 2017, SAP SE announced the launch of SAP S/4HANA Private Cloud, the next generation business suite tailored for midsize companies, which will be available at a simple and affordable subscription pricing.

Specials Budget Budget 2017
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/07/Untitled-1_1.jpg?itok=GUdW5mAy
Budget '17: Rural net will facilitate travel bookings

The union budget has broadly focused on themes such as the farming sector, the tourism industry, development of road network, and infrastructure. The high speed internet connectivity in rural areas will now be the biggest advantage to the travellers.

Specials Budget Budget 2017
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/07/Nippon%20TV-800x800.jpg?itok=mQBFe8uo
MIP '17: Nippon TV gears up with two scripted, three non-scripted formats

MUMBAI: Having recently been crowned ratings champion for the third consecutive year in Japan, coupled with the tremendous success of its scripted drama Mother which has received numerous offers from around the world and is a ratings success in Turkey as ANNE, Nippon Television Network Corporation...

Specials Event Coverage Miptv
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/03/Untitled-1_0.jpg?itok=xexBn2BM
Budget '17 initiatives will drive overall demand, believe startups

Startups are in a celebratory mode after the presentation of the Union Budget 2017 by the finance minister Arun Jaitley. He announced that small businesses with an annual turnover of Rs 50 crore will now have to pay five per cent less income tax, in order to make micro, small and medium enterprises...

Specials Budget Budget 2017
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/03/BUDGET02%20%281%29.jpg?itok=7R6eUsBF
Top M&E industry honchos see no major benefit from Budget '17

MUMBAI: With the Union Budget’s focus on rural and infrastructure sectors, the media and entertainment (M&E) industry seems to be disappointed as the budget does not offer much. Though the sector is hoping to get some benefit through the digital push mentioned in the budget, expectations were...

Specials Budget Budget 2017
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/02/INSIDE%20%281%29.jpg?itok=2a1xE-59
Budget '17: Leading digital players hail sectoral boost

“Digital economy helps in cleaning up the system, has transformational impact, energises private investment through low-cost credit, and benefits the common man,” asserted finance minister Arun Jaitley while announcing the Union Budget 2017 on 1 February. The budget 2017 emphasised a lot on the...

Specials Budget Budget 2017
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/02/prasar%20bharati-800x800.jpg?itok=K9OEduaZ
Budget '17: Prasar Bharati grant-in-aid down, film sector's aid up

NEW DELHI: The grant-in-aid for Prasar Bharati has come down marginally from the revised estimates from Rs 4500 million in 2016-17 to Rs 4300 million for 2017-18. This includes a grants-in-aid to the pubcaster of Rs 3500 million and a separate grant-in-aid to it for the Kisan Channel of Rs 800...

Specials Budget Budget 2017

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories