The global entertainment and media outlook 2017-2021 report by the consultancy firm noted that television will grow at an overall CAGR of over 11.4 per cent during 2017-21, with subscription TV households expected to reach 16.7 crores by 2021.
The company, which entered entertainment space nine years ago with satellite cable/DTH recharge for Dish TV, currently garners 20-22 per cent of its business from the segment.
The media and entertainment industry in the country comprises various segments including television, print, films, radio, music, gaming & visual effects, animation and digital advertising. India is the world's third largest TV market after China and the US with 161 million TV households.
According to the service tax department, the sale of satellite rights and also some of the support services which these production houses provide are liable to come under the service tax net.
The entertainment industry in India is expected to grow to about USD 20 billion by 2013. So, we decided to put the spotlight on three entrepreneurs who are cashing in on the movie, mobile and online gaming magic. Here’s their story.