Indian entertainment industry may touch $62.2 billion by FY25
01 March 2018
As per BDO’s report over the next five years, digital technologies will increase their influence across the sector, leading to a sea-change in consumer behaviour across all segments
The entertainment industry in the country is projected to be more than $62.2 billion by FY2025, according to a report.
Digital technologies will increase their influence across the media sector, leading to a sea-change in consumer behaviour over the next five years, according to accounting, tax and advisory firm BDO’s report on the media industry ‘MediaTalk-The Future is Bright in India’. It however did not mention the current size of the industry.
The report expects that over the next five years, digital technologies will increase their influence across the sector, leading to a sea-change in consumer behaviour across all segments.
“As media organisations are looking to build out digital strategies, the economic and business models required to succeed in the digital landscapes are challenging and will need a significant shift in mind-set and approach,” it said. Noting that India was a top target region for media acquisitions in 2017 and grew its deal share by 3%, it said merger and acquisition deals in 2017 have ranged from $24 million to $120 million.