Media & entertainment industry pegged at Rs 4.5 trillion by 2023
Media & entertainment industry pegged at Rs 4.5 trillion by 2023 TV subscription remains the top in video content revenue pie Economy :-As indicated by PwC Media and Entertainment (M&E) Outlook 2018-23 discharged by the exploration firm on Thursday, the Indian M&E segment is ready to develop at a compound yearly development rate (CAGR) of 11.28 percent throughout the following five years, and achieve Rs 4.51 trillion by 2023. This is altogether higher than the worldwide M&E income development anticipated at 4.3 percent for a similar period. While new media stages, for example, over-the-top (OTT) video and web promoting are relied upon to lead the development, conventional stages, for example, TV and print keep on appearing. OTT video: India’s OTT video market will develop at a 21.8% CAGR from Rs 4,464 crore in 2018 to Rs 11, 976 crore in 2023 with membership video on interest set to increment at 23.3% CAGR. India’s OTT video market is required to overwhel...