The Indian Media and Entertainment Industry is considered to be one of the country’s fastest growing sunrise sectors. The increasing percentage of youth in the population coupled with the advent and meteoric rise of the Internet working to expand people’s horizons and sensibilities has led to the massive growth of this Sector, covering a multitude of aspects including cinema, video games, live shows, festivals, newspapers etc.
The market size of the Indian Entertainment industry grew by 11.8% over 2012 to INR 198 Billion in 2013 . The Industry is expected to maintain a CAGR of 14.2% and is estimated to reach INR 1785.8 Billion by 2018. The government too has recognized the untapped potential of the market and has taken steps to ensure it reaches its full potential. It passed The Cable Television Networks (Regulation) Amendment Act’ in 2011 for the digitisation of cable television networks regulating access to subscribed channels. A number of treaties have been entered into with countries like Italy and Brazil with a view to increase distribution and accessibility of Television programs produced in India.
The Broadcasting segment of this Industry, which is one of the largest in the world, has also been given approval for up to 74% FDI under the Government route and up to 49% under the Automatic route. The Video Games Industry as well as the mobile app industry have also found their stride and are growing at a phenomenal rate, which is only expected to increase in the coming years.
This sector of the economy generally gives rise to questions of law pertaining to copyright and issues with regulation, distribution of media etc. Our team possesses a special expertise at dealing with these kinds of matters and is ever present to help our clients deal with any queries that may arise.
Makeinindia, ” (www.makeinindia.com, ) <http://www.makeinindia.com/sector/media-entertainment/> accessed 26 June 2015