Shemaroo Entertainment posted a good set of earnings in Q3. With the explosion in data, consumers can watch videos anywhere and the next leg of growth is expected to come from online streaming.
In an interview with CNBC-TV18, Hiren Gada, Wholetime Director & CFO of Shemaroo Entertainment discussed the company’s Q3 numbers as well as shared his outlook going ahead.
Gada said that we believe the traditional media industry should grow at double-digit rate.
He further said that digital media industry is growing at 30-35 percent currently.
We hope higher consumption will lead to higher monetisation, he added.
Talking about numbers, he said we clocked 400 million YouTube views in the month of September.
We have been recording an average of 17 million views on YouTube every day, said Gada.
Watch accompanying video for more details….
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