In an interview to CNBC-TV18, Hiren Gada, Wholetime Director & CFO, Shemaroo Entertainment spoke about the results and his outlook for the company.
With the launch of Jio and bandwidth now so freely available, we have seen a phenomenal spike in consumption, in usage, in viewership and therefore the demand for content, he said.
We have geared over the last three-four years in terms of building up our library and today we are partnering with most of the key operators in the digital ecosystem, he added.
The industry is expected to grow at 30 percent compounded annual growth rate (CAGR) and we believe that we can grow faster than that considering the fact that we have prepared well for this, said Gada.
For full interview, watch accompanying video...
Disclaimer: Reliance Jio is a part of Reliance Industries that owns Network 18 Media & moneycontrol.com
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!