Indian media and entertainment industry to grow at 10.3% CAGR, $40 billion by 2020 – Feedback

The Indian entertainment and media (M&E) sector is expected to grow at a CAGR of 10.3 per cent over the next four years to cross $ 40 billion by 2020, predicts PwC ‘s latest report – Global Entertainment & Media Outlook 2016-20.

The report, released globally on Wednesday, outlines a much better growth story in India vis-a-vis global outlook of 4.5 per cent growth. Frank D’Souza, leader – Entertainment & Media at PwC India, said, “Given India’s overall growth in GDP and PCI, it is not surprising that India is amongst the top 10 markets for growth in the sector. Although, in India traditional media like newspaper publishing and cinema has always shown strong growth, we expect that even in terms of absolute total US$ spend, it should get into the top 10 in the early part of the next decade.” In 2015 admissions were at an estimated 2.04 billion, and in 2020 are predicted to be at 2.80 billion, rising at a 6.6% CAGR.

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