Indian Media And Entertainment Sector

He reached the height of his power and fame before he turned 50 and even months before he died, was brimming with ideas

Jharkhand Governor C P Radhakrishnan on Saturday condoled the death of noted media personality Ramoji Rao, saying he will continue to inspire all. "Deeply saddened by the passing away of Ramoji Group's founder, Ramoji Rao Garu. His contributions will continue to inspire us all. This is an irreparable loss," Radhakrishnan said in a post on X. "My heartfelt condolences and prayers go out to his family. May his soul rest in peace," he added. Veteran media personality and Ramoji group chairman Ramoji Rao died at a hospital in Hyderabad early on Saturday. Rao (88), who was undergoing treatment for the past few days, breathed his last at 4.50 am, according to ETV, Telangana, one of the Ramoji group channels.

Rajinikanth, Chiranjeevi, Allu Arjun, Ram Charan and Jr NTR were among the prominent cinema personalities who expressed grief over the demise of media baron Ramoji Rao, the founder of Eenadu Group and Ramoji Film City. Rao, who revolutionised the news and entertainment industry, died at a hospital in Hyderabad early on Saturday. He was 88. In a post on X, Rajinikanth remembered Rao as his mentor and well wisher and said he is "deeply saddened" by his death. "The man who created history in Journalism, Cinema and a great kingmaker in Politics. He was my guide and inspiration in my life. May his soul rest in peace. @Ramoji_FilmCity," the veteran star wrote. Chiranjeevi posted an emotional message on X, saying that Ramoji Rao, who was like a mountain that never bowed down to anyone, has reached the heavenly abode. Allu Arjun said Ramoji Rao was a "pioneer and an inspiring visionary" and he has a deep respect for the media baron. "I feel his aura every time I shoot at #RFC. His ...

The competing bid, which is still being structured, would offer cash for all outstanding Paramount shares and take the company private

An accusation of obscenity is usually not an attempt to control prurient art but to limit its radical potential

Paramount's shares surged nearly 15% on Wednesday after The Wall Street Journal first reported the exclusive negotiations with Skydance

Sony Pictures Networks India is looking to boost its subscriber base and revenue through impactful content, while looking at strategic partnerships as it gears up to face a challenging fiscal year 2024-25, according to its Managing Director & CEO N P Singh. The company will be taking experiences and lessons from FY24, as stepping stones for what lies ahead, he wrote to employees in an internal newsletter. "Heading into FY25, we are gearing up for a challenging year but are ready with creative spirit and strong resolve," he said. Further, Singh said, "Our goal is sharp, to captivate audiences and boost our subscriber base and revenue through impactful content." The company is channeling investments into new shows, including on Sony LIV, he said. "Our strategy emphasises driving organic growth and ramping our market presence through strategic partnerships," he said. Reflecting on the fiscal gone by, he said FY24 "showed our true resilience and teamwork". "Tackling challenges head-

Disney offered to meet with Blackwells and provide documentation confirming that ValueAct had stopped managing Disney pension funds but Blackwells declined the offer

Star India has sought "specific performance" of the agreement or the payment of damages, Zee said in a statement, without providing details

As Time's chief strategist, Levin orchestrated the 1990 merger of Time with Warner Communications, creating the world's largest media and entertainment company

Movie audiences flocked to Taylor Swift, Barbie and Oppenheimer but were cooler towards returning superheroes like the Flash and Captain Marvel

Union Information and Broadcasting Minister Anurag Thakur has said India will become the third largest media and entertainment market in the world in next five years. Speaking at the inauguration of 54th edition of the International Film Festival of India (IFFI) in Panaji on Monday, Thakur also said that for the first time, IFFI has decided to bestow the best web series OTT award, acknowledging the transformative role of original content creators in the country. "India, on one hand, has become the fifth largest economy of the world. It is also fifth largest in the world in terms of the media and entertainment industry. In the next five years, India is going to be the third largest economy in the world as well as the third largest media and entertainment market," he said. The minister said similar to last year's edition when they initiated some firsts, the spirit continues with some more firsts in this edition also. "For the first time and from hereon, IFFI will bestow the best web

Sector is growing at twice the pace of filmed entertainment, study shows

Is set to grow at over 10% annually to reach Rs 2.83 trillion by 2025, says Ficci-EY report

Indian media and entertainment sector is likely to grow 12-14 per cent to clock Rs 1.6 trn revenue in FY24, rating agency Crisil said in a report

The India Media & Entertainment industry is estimated to be valued between USD 2729 billion in 2022 and is poised to grow to USD 5565 billion by 2030, said a report. The industry, which had witnessed some setbacks during the pandemic, is back to its pre-Covid growth story, said a joint report by the industry body CII and BCG. "With the industry witnessing strong growth tailwinds, it is poised to grow to USD 5565 billion by 2030 with a potential to reach USD 6570 billion, driven by growth in OTT and gaming," said the report titled "Shaping the future Of Indian M&E". The report highlights the role of some media segments, particularly OTT platforms and said the sector has witnessed rapid changes fueled by "accelerated technological progress and evolving consumer behaviours". According to the report, the digital video & gaming segment is leading the "boom" with an over 40 per cent of total media consumption in 2022 backed by growth in internet and smartphone penetration. Now ..

Nothing is easy in today's world. Being an independent has its own set of challenges, said he

Back after a two-year hiatus, the summit deliberated on key issues plaguing the sector

The movie, released on May 20, likely to touch Rs 150 cr in collections this week; buzz strong for second half of 2022 thanks to a strong line-up, say distributors

Indian OTT industry poised for growth. But are low prices sustainable?

India's OTT industry is growing like never before now, against the backdrop of pandemic. The regional OTT platforms have also contributed to the rise. Our next report finds out more