The Minister for Information and Broadcasting also said that the rapidly expanding digital infrastructure in the country and the ongoing advancements taking place in the AVGC (animation, visual effects, gaming and comics) sector have the potential to make India the preferred post-production hub of the media and entertainment industry.
This sector is expected to witness a spate of consolidation, more international investments and incremental growth in subscription and mobile advertising revenues.
Hiren Gada, director & CFO, Shemaroo Entertainment, is confident of company outgrowing media and entertainment industry.
Under GST, any local body tax or state tax will be available as a credit which will reduce overall costs and eliminate any dual levies of service tax and VAT on transactions. However, media companies will have to pay additional local body tax over and above the one proposed in GST.
Indian Institute of Management Bangalore announces a three-day Executive Education Program in Media and Entertainment. The program is targeted at ...
In terms of functional area, the demand for marketing and advertising in particular continued to show double-digit year-on-year growth in demand to the tunes of 27 percent in the September 2015 Index.
Sailesh Raj Bhan, deputy CIO of Reliance Mutual Fund is overweight on the urban discretionary space and sees a turnaround in earnings for them in this quarter.
Service by way of admission to exhibition of the cinematographic film, circus, dance, or theatrical performances including drama, ballets or recognized sporting events shall continue to be exempt.
FICCI‘s Media nad Entertainment Committee chairman and Star India CEO Uday Shankar said that amidst an environment of gloom, the industry has registered an impressive growth of 12 percent last year.
According to AnandRathi DB Corp and Jagran Prakashan are expected to deliver 30-35 percent returns over the next year, driven by resumption in earnings growth and valuation rerating. "We initiate coverage on DB Corp (TP: Rs 320) and Jagran Prakashan (TP: Rs 110) with Buy, says AnandRathi research report.
India's media and entertainment (M&E) sector has registered a growth of 12% in 2011, over 2010, to reach Rs 728 billon and the industry is expected to register a compounded aggregate growth rate (CAGR) of 15% by 2016, according to the latest FICCI-KPMG report.